BPI (Portugal)

Did you know that each grain of rice that you eat has been milled? And do you know what is involved in the milling process? The oldest milling company in Portugal has been milling rice since 1920, meticulously removing the outer shell/husk, stones and impurities from the raw product in order to supply edible grains of rice. Ernesto runs one of the most technologically advanced fully automated rice mills in the world, milling rice from local paddy fields and imported brown rice, and selling edible rice to the food industry. An investment in a state-of-the-art industrial plant, enabled Ernesto to grow and enlarge his company’s product range, which currently includes innovative value-added products such as cooked and pre-cooked rice meals, as well as broken rice products for a variety of sectors – from baby food to animal bedding. The EUR 500 000 working capital loan granted by EIF-supported Banco Português de Investimento under the RSI programme enabled Ernesto to meet his increased working capital requirement and expand his customer base.

Company: Ernesto Morgado, Portugal

Type of business: milling rice company

EU-supported loan from Banco Português de Investimento

For further information about EIF intermediaries in Portugal, please refer to:
http://www.eif.org/what_we_do/where/pt/