Miquel y Costas plans to invest 130 million until 2029

BarcelonaThe Catalan paper group Miquel y Costas presented this Thursday its new investment plan worth 130 million euros until 2029. Specifically, as the industrial company has detailed, over the next three years it will allocate up to 47 million euros to technological improvements in the production process. The group also plans to allocate 33 million to infrastructure, 30 million to sustainability, and 20 million to automation and digitization of processes. Among all the planned investments, the opening of two biomass plants in Catalonia stands out.

The historic company, with origins dating back to 1752, continues to have paper for tobacco as its main product. In fact, as Miquel y Costas president Jordi Mercader assured at a meeting with journalists, tobacco products currently represent 60% of the group's sales. It is worth remembering that the Smoking rolling paper brand belongs to the Catalan group.

The rest of the group's revenue is made up of industrial papers —which include products designed for car batteries to others for food—, representing 32% of sales, and paper for the graphic industry, which accounts for the remaining 8%.

"We have done better than the competition"

This Thursday, Mercader also explained that they remain open to possible acquisitions if they "fit". Along these lines, the company's president explained that this year they studied a possible purchase in the United States, which ultimately did not go through. Despite this, as he detailed, they continue to consider a possible landing in the American country.

The paper company —which has 950 employees on staff spread across nine work centers— also presented its annual accounts for 2025 this Thursday to its general shareholders' meeting. The results, which had already been announced at the beginning of February, detail an increase (+1.5%) in the group's turnover, which stood at 313.8 million euros.

However, despite the increase in sales, last year's net profit —45.1 million— was 7.7% lower than the previous year. "In a complex environment, we have done better than the competition," Mercader assured.