Gozitan company increases local production at an investment of €1.5m and increases exports in four continents
At an investment of €1.5 million, a Gozitan company increased its production of food for the local market through the use of new technology, while strengthening its exports in four continents. Minister Silvio Schembri said that this company is one of the beneficiaries of the financial assistance given by the Government which has helped it to strengthen its operations. Gozo Minister Clint Camilleri said that this assistance has led to the creation of more jobs for Gozitans in Gozo.
The CEO of Magro Brothers Christian Magro said that in the 100 year history of their entrepreneurship, their business has strengthened the quality of the products which it produces, while 40% of its production is exported to 20 countries in four continents: Europe, Australia, Asia and Africa.
”We have also begun exporting to Ghana which is a completely new market for us, and this was possible through the help we received which has continued to encourage us to invest in the food manufacturing sector.”
Mr Magro explained how the company invested in new machinery, advanced software, new production lines in the cultivation of local tomatoes, research and development projects in the milk products division, further exports to new markets, the launch of two new websites for online shopping and the training of its workforce.
During a press conference at The Magro Food Village’ in Xewkija, the Minister for the Economy and Industry Silvio Schembri praised the ability of the company to adapt to new circumstances to save jobs. He said this company has benefited from the wage supplement scheme and the scheme for financial aid to take out a loan from the Malta Development Bank.
Minister Camilleri saiid that investments like this were instrumental during the pandemic to strengthen the employment sector in Gozo, as 90% of those who lost their jobs have begun working again.