Euricom Group Italian rice giant aims at worldwide growth

Italy's economy grew by 6.6% in 2021, above overall expectations, with the fiscal deficit far below official targets, as investment, consumption and exports all showed strong recovery from the economic effects of the pandemic. At the same time, the country is set to be the largest recipient of EU-wide covid recovery fund, potentially receiving as much as €200 billion in grants and concessional loans over the coming years.

Bruno Sempio

Chairman

This is great news for companies operating in the country. Companies like Euricom Group, a family-owned group and one of the world's leading rice companies, with a worldwide presence through its 18 subsidiary companies.

"We have the additional value of offering a onestop-shop to our clients," says Bruno Sempio, Euricom's chairman. "Europe grows half of the rice it consumes, the rest is imported. So we expanded first with processing facilities right next to where rice is grown across Southern Europe: Italy, France, Spain, Portugal and Greece. Subsequently, we acquired a leading market position with processing plants in the North of Europe (Netherlands and Poland), that consumes more imported rice, with plants located at key ports that can handle vessels with imported rice. As a result, today we are located in all the right places making us a highly competitive and reliable supplier given our unmatched dual supply-chain and logistics, as well as full-product offering and high scale".

Euricom was founded in 1980, with a core focus on rice, and now has over 10 rice mills across Europe as well as offices and a network of suppliers and customers in several of the key rice growing and buying countries in the world. Sempio was appointed as chairman of the Euricom in 2013, and has continued its expansion; the company saw a compound annual growth rate (CAGR) of around 9% over the last 5 years alone.