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Sovena Group
Sovena Group is one of the largest Portuguese agribusiness holding companies, producing cooking oils, olive oils, olives and soap. It has its own farmyards in Portugal and several other countries.
==History==
Sovena was founded in the 1956 in Portugal, as a joint-venture of Companhia União Fabril (CUF), Macedo e Coelho and Sociedade Nacional de Sabões. After the Carnation Revolution of 1974 and its communist-inspired forcible nationalizations, Jorge de Mello, an entrepreneur who was an heir of the disbanded CUF conglomerate, rebuilt the company through a new holding called Nutrinveste. In 2004, the Nutrinveste Group sales turnover reached USD 840 million. In 2005 Nutrinveste sold its Compal (fruit juices, beverages, tomato products and canned vegetables) and Nutricafés (coffee products) businesses. The new consolidated Sovena Group was created in 2008. By this time intensive olive groves with a high density planting, usually 500 to 750 trees per acre, modern irrigation systems, namely drop by drop, and also more rational fertilization were set up by the company in several locations across the world, mainly in Portugal, Spain, Morocco and Tunisia.
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