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The President of Extremadura, Mr. José Antonio Monago, holds a meeting with Mr. Ramón Aguirre with the aim of assessing the impact which Grupo SEPI has on the regional economy
At the Conventual Santiaguista in Mérida, head office of the regional Government

The President of Extremadura, Mr. José Antonio Monago, holds a meeting with Mr. Ramón Aguirre with the aim of assessing the impact which Grupo SEPI has on the regional economy

19/11/2013 - Mérida
Press release SEPI

The President of the state-owned industrial holding company Sociedad Estatal de Participaciones Industriales (SEPI), Mr. Ramón Aguirre, held this morning a work meeting with the President of the regional Government of Extremadura, Mr. José Antonio Monago at the Conventual Santiaguista in Mérida, the head offices of the regional Government.

During this meeting, Mr. Ramón Aguirre informed Mr. José Antonio Monago about the important role played by Grupo SEPI in Extremadura and the impact which its investments and operations have on the economy of this region, thanks to its activities and the work carried out by a total of 2,270 employees from such companies as CORREOS, TRAGSA, RTVE, MERCASA, SODIEX, Agencia EFE, ENUSA or the Compañía Española de Tabaco en Rama (CETARSA) itself.

It is precisely regarding this last company which was the focus of the meeting, as the Chairpersons analyzed the future impact which the European norm and the tobacco multinationals on CETARSA and on the tobacco growers themselves, as well as the activity of the workplaces which the Company has in this region, and specifically, in the municipalities of Navalmoral de la Mata, Talayuela, Jaraiz de la Vera, Jarandilla de la Vera and Coria.

At the same time, and in a detailed way, Mr. Aguirre informed the regional President about the problems which might generate the review of the aids generated by the Common Agricultural Policy and its potential impact on tobacco growers’ income, studying the set up of measures for setting off paid by the chapter on agrarian and environmental aids included in the Rural Development Regulation.

Another of the issues seen with Mr. José Antonio Monago was the historical series which shows the evolution of the volumes and average prices during the last 3-year period 2011-2013 (more information). Mr. Aguirre has highlighted the reality of the prices which set the multinationals’ buyers and their key influence on the maximum recommended price, in order to avoid the negative effects which result from the Dollar/Euro exchange rate and from the market share of the sales of cigarettes which multinationals have in Spain, which in the case of Italy and Greece has translated into an unwanted equation of raising prices and lowering volumes.

Furthermore, he made a detailed review about the fall in consumption and of the restrictive norms which deepen even more the downward trend of the cigarette market, without forgetting the effects of the tax system and the tensions brought about by tobacco contraband.

Finally, both Chairpersons gave a detailed breakdown about the activity carried out by Grupo SEPI in Extremadura, pointing out the projects which MERCASA has in Badajoz, and the significant role which companies such as SODIEX and TRAGSA play in the region.

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