Mercalicante, a publicly traded cooperative, marked a milestone as its founding Board of Directors gathered for a session this week. The organization reported strong performance for the January through November period in 2024, with results up to November showing a notable surge and the 2024 budget receiving approval. The company posted a net profit of 554,766 euros, up from 256,237 euros in the same timeframe a year earlier, signaling a robust growth trajectory for its wholesale distribution operations.
The general manager of the wholesale distribution complex, Dolores Mejía, highlighted the positive momentum and emphasized that the pace of achievement supports ongoing investment commitments. Mejía explained that the results this year enable continued modernization plans and enhanced service levels for operators and customers, reinforcing Mercalicante’s standing as a leading food cluster within the state.
During the meeting, board members approved the budgets for 2024 and outlined expectations for continued growth. The Mercalicante transfer is projected to reach around 2.9 million euros, representing an increase of 3.9 percent compared with the prior year.
Investments
Investment activity is set to accelerate as City Council and the state company Mercasa acquire the shares from individual investors. This move will convert the company from a limited-term entity, expiring in 2025, into an unlimited-term organization. The upcoming year is expected to bring a budget of 768,875 euros dedicated to modernization and improvements across cluster facilities.
In particular, plans include installing a new cover in Nave II, updating spring doors, upgrading various warehousing spaces, acquiring new equipment, and advancing a digital transformation that aims to boost energy efficiency and overall facility performance.
Additionally, an awards ceremony accompanied the meeting, recognizing the electricity supply contract and outlining tender specifications for the fire protection system modification. The delegation approved a joint insurance tender process to support both Mercasa and Mercalicante in risk management and coverage decisions.
The agenda closed with the amendment of the regulation governing the organization, operation, and service provision of the Central Fruit and Vegetable Markets, aligning governance with current market needs and operational standards.