`Chilean Group Angelini Invests 3 Million Euros in Olive Oil Mill - Olive Oil Times

Chilean Group Angelini Invests 3 Million Euros in Olive Oil Mill

Jul. 15, 2010
Daniel Williams

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By Daniel Williams
Olive Oil Times Contributor | Reporting from Barcelona

The Chilean Group Angelini is going to invest more than 3 Million Euros in the con­struc­tion of what will become one of the country’s most promi­nent olive oil mills. The ambi­tious Chilean con­glom­er­ate is owner of the com­pany Valle Grande S.A., which pro­duces olive oils under the brands Olave and Montecristo and has just set­tled and closed on a deal to acquire the brand Huasco.

The group pre­dicts that the new mega-mill will be com­pleted at the end of August 2010. It will process and extract olive oil from Angelini’s own olive groves and is set to pro­duce some 800,000 liters of olive oil annu­ally. Until now, Angelini’s cen­ter of pro­duc­tion has been the 220 hec­tacres of land it owns in Melpilla and Isla de Maipo, where it processes around 400,000 liters of olive oil annu­ally. This new olive oil mill will sin­gle­hand­edly dou­ble exist­ing lev­els of pro­duc­tion. According to exec­u­tive direc­tor of Valle Grande, Elvio Olave, growth has been impor­tant, because the demand has been ever-increasing.”[1]

Olave, as well as a num­ber of experts and spe­cial­ists, believes that the inter­na­tional olive mar­ket is being reac­ti­vated and reen­er­gized and shows no signs of slow­ing down in years to come. The storm has already passed and we have seen lots of recent activ­ity and demands,” he affirms. In 2009 we had a turnover of 4 mil­lion dol­lars and this year we expect a growth of 20% due to a much bet­ter inter­na­tional eco­nomic cli­mate.“1 Mr. Olave believes that the future prospects for the olive oil sec­tor in Chile are over­whelm­ingly pos­i­tive, not only because exports are grow­ing steadily, but also because inter­nal demand has devel­oped immensely.“1

Internal con­sump­tion of olive oil in Chile has grown steadily over the past sev­eral years, a trend that can be seen in coun­tries all over the world as sci­ence and tech­nol­ogy have made pro­duc­tion more and more effi­cient. Currently Chile is home to some 4,000 hectares of olive plan­ta­tions and as European sub­si­dies for olive plan­ta­tions con­tinue to evap­o­rate and prices con­tinue to fall, the South American nation has emerged onto the inter­na­tional olive oil scene with a bang. The coun­try boasts a cli­mate sim­i­lar to that of the Mediterranean, which makes for excel­lent grow­ing sea­sons and high qual­ity olives and oil. Sales to Chile’s top client, the United States grew a stag­ger­ing 3,700% dur­ing the first half of 2004.

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