Cuba and Italy formed the joint to produce Pasta

Cuba and Italy formed the joint venture Comital on Thursday in Havana, which will be dedicated to the production and marketing of fresh and stuffed pastas onHAVANA, June 22 (EFE) Cuba and Italy formed the joint venture Comital on Thursday in Havana, which will be dedicated to the production and marketing of fresh and stuffed pastas on the Caribbean island, where now 80 percent of the food that they are consumed are imported.

The new company will offer lasagne, cannelloni and ravioli to the taste of the Cuban market, explained the president of the Italian entity Tecal Pro Srl., Elizabeta Pola, after signing the agreement with the Food Corporation S.A. (Coralsa), state media reported.

The pasta factory, which will begin to be built next September in Havana municipality of the East of the Cuban capital, will have an automated line with production and distribution methods according to European standards and the marketing of its first products is scheduled for late of the year 2019.

The food that Comital S.A. will produce will be destined mainly for consumption in the area of ​​tourism and gastronomy, and will become the 11th business with direct foreign investment in the Cuban food industry.
The Italian company Tecal has been present in Cuba for more than twenty years with the development of technologies for the Cuban food industry, packaging solutions and technical assistance.

At present, 10 joint ventures operate in the island in the food sector, and there are three other new businesses in the creation and investment stage.

In the business portfolio in this area 32 new investment projects are identified that exceed $ 760 million, with a preponderant role in the financing of the food industry, according to data released by official media.

Foreign investment in the food industry covers all activities in that sector and has a policy that includes projects with productive linkages.

Officials of the Ministry of the Food Industry have indicated that this agency carries out a long-term and phased development program – one until 2023 and another until 2030 – for which it needs about $ 2,500 million, of which $ 1,440 million run with foreign investment.