Almeria-based cooperative Cabasc will invest € 32.4 million in improvement of sustainable production facilities and techniques

The Councilor of Agriculture, Livestock, Fishing and Sustainable Development of Andalusia, Carmen Crespo, has visited the facilities of the Almeria-based cooperative Cabasc, in the municipality of Balanegra, on the occasion of the issue of two favorable resolutions to aid this Organization of Fruit and Vegetable Producers (OPFH).

Crespo said that this entity in western Almeria plans to invest 32.4 million Euro between 2019 and 2023 and that the Council will support this private commitment with aid worth 15.6 million Euro.

This aid from the Andalusian Government is part of the total of 126 million Euro granted to the OPFH's of Andalusia, as recently announced by the president of the Andalusian Regional Government, Juanma Moreno. Of this total amount, 56.2% (67 million Euro) correspond to funds allocated to entities in Almería.

The favorable resolutions to aid this OPFH amount to 7 million Euro and refer to an operating fund; that is, to an investment planned by the company in 2020 and 2021 which, overall, exceeds 15 million Euro. The objective of these incentives is to improve Cabasc's greenhouses, continue moving forward in sustainable production techniques, expand the fruit and vegetable facilities and buy new machinery.

83.5 million kilos
Founded in 1964 and recognized as OPFH since 1997, Cabasc brings together 759 partners that, in total, own around 800 hectares. The entity annually produces 83.5 million kilos of agricultural products worth more than 75 million Euro. Exports are very important for Cabasc, as 70% of its sales are carried out abroad.



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