Villajoyosa, eastern Spain-based chocolate producer Chocolates Valor has posted €38m (US$33m) turnover for 2001, up 6% year on year. Of the total 2001 turnover, the company's franchises accounted for €4m, almost 10%, and a total 92% was generated in Spain. Chocolates Valor exports to 25 countries, the most prominent importers being Venezuela, the US, the UAE, Japan, Mexico, and the UK.