(Alliance News) - Green Oleo Spa announced Thursday its new growth strategy for the three-year period to 2026.

The company explains in a statement the decision to continue "the development path taken in the previous plan, based on the downstream integration of the value chain, aimed at making it less exposed to the cyclicality of basic chemistry, and on growth in application areas with greater added value."

For Green Oleo, the strategic priority for 2024 is to increase volumes so that economies of scale can be generated, while in the two-year period 2025-2026 the focus will be on optimizing margins through a change in product mix, and investments aimed at optimizing esterification plants will be made over the plan period, with the aim of speeding up production and making it more flexible.

In addition, the company makes it known that it wants to expand the internal sales network and therefore a dedicated sales manager for Cosmetics is planned.

Green Oleo's stock is flat at EUR0.95 per share.

By Claudia Cavaliere, Alliance News reporter

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