Investments for 70 million of euros and approx 60 assumptions. These are the two main ingredients of the De Cecco's 2021-2025 business plan, which also announces growth when fully operational "to 2 million quintals of pasta and 500 quintals of other products (oil, ready-made sauces, reds, bread substitutes), against the current 2 million quintals of pasta and 300 quintals of other items".
In detail, investments will concern above all the Ortona factory (30 million euros for new systems and 10 million for the expansion of the building) and the historic one Fara San Martino plant (Chieti), where 10 million will be spent on new machinery.
As for the incoming workforce, there will be 30 hires in 2021 and as many in the following three years.
On an accounting level, the group estimates exceed 510 million euros in turnover this year, to reach 650 million euros at the end of the plan.
With regard to governance, "after the resignations of CEO Saturnino and Giuseppe Aristide De Cecco - said the chairman of the board Philip Antonio DeCecco – on 22 January 2020 the new Board of Directors was appointed which, in addition to family members, from 3 March 2020 includes Mario Boselli, Bruno Pavesi and Gianni Letta. There has always been great harmony with them and with the other members of the council. All decisions were taken unanimously and the 2021-2025 Business Plan was also unanimously approved".
