The Andalusian company intends to seek alliances to penetrate Portugal, France and Italy.
The Andalusian company Cyclus ID will open up to the national and international market to consolidate its leadership in the purification of industrial waste and intends to open branches in Madrid, Catalonia, Valencia and Extremadura and seek alliances to penetrate the markets of Portugal, France and Italy.
The consolidation of these strategic bets will allow the company to reach two million in revenue in 2008, which will represent an increase of 60% compared to 2007, since Cyclus ID expects to close this year with a revenue of 1,2 million, according to a statement.
In the last five years, the company has increased its revenue by approximately 300%.
This expansion strategy has started with the entry of a new minority partner into the shareholding of Cyclus ID, which did not provide further details in this regard.
The objective of this company, with Andalusian capital and based in Morón de la Frontera (Seville), is to export its unique systems for purifying olive waste (olive mill wastewater, cooking and washing lyes, brines and process waters) to the countries that, along with Spain, have the highest olive production.
Similarly, Cyclus ID intends to diversify its services, entering new markets in the treatment of industrial wastewater, the statement noted.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
Barcelona Free Trade Zone
Public entity for economic revitalization, operates as an engine of industrial development in the Barcelona area.read more...
VUI - One-Stop Shop
The One-Stop Shop for Internationalization (VUI) is a space for information and advice.read more...
Asturex
Asturex, Foreign Promotion Company of the Principality of Asturias, SA is a capital company.read more...
PROEXCA
PROEXCA is a public company attached to the Ministry of Economy, Knowledge and Employment.read more...
Chamber of Madrid
The International Business Department of the Madrid Chamber of Commerce supports companies.read more...
Chamber of Spain
The Spanish Chamber of Commerce is a public law corporation and advisory body.read more...