Spanish mineral-water producer Simeo Publix has announced it will close its doors in 2017 after 10-years in business.
The company is part of a broader industry that has seen the decline of some of the most prominent players, including the US-based American Mineralogist.
The UK-based company, which operates in 40 countries and operates in 70% of the world’s mineral water markets, says it will shutter its offices in Spain, Italy and Portugal in December 2017.
It will then focus on a new production facility in Ireland and plans to expand its operations to other countries.
The firm’s closure will also mean that it will no longer be able to continue providing mineral water in Europe.
It will also be the first time the company has shut its doors for the last 10 years. “
We will no doubt be saddened to be closing our doors in the future.”
It will also be the first time the company has shut its doors for the last 10 years.
Simeoa Publices has been in business since 1993, and its mineral water products are sold in over 180 countries, including more than 300,000 customers in Europe and the Americas.
The brand is owned by Simeonco, the biggest company in the Spanish mineral industry, which also includes Barranquilla, Spain’s second-largest copper producer.
Simeso Publiteos chief financial officer Luis Alvarado said the closure was a blow to the company’s Spanish customers, who had invested heavily in the company.
He said: We will not be able sell our mineral water, which we already produce at a very high level of quality and are proud of, to our customers and that is why we will not continue to supply them with mineral water at this time.
“The market will no more be able purchase the products from us, which is why they are withdrawing their support.”
The move is also a blow for Simeone, who has been critical of the industry, describing it as “incompetent” in an interview with La Vanguardia newspaper.
SIMEO SIMEOS CEO Simea Alvarados told local media he has been calling for the company to go out of business for the past 10 years and that he was saddened by the news.
He added that the company will continue to produce mineral water but that it would focus on new markets and expand production facilities.
Samares director of marketing Luis Alcalá said the decision would make it impossible for the Simeoso brand to reach its customers.
He told the newspaper that the Samareo brand will not sell mineral water to any customers and is also unlikely to expand further into other markets.
He described Simeolas mineral water as “incredible”, adding that it is still “the best in the world”.
Simeoles mineral water is made by the firm’s parent company, Simesolos, and has a range of minerals in it including gold, platinum, silver, copper, copper-rich coal and iron ore.
The first products of the Simesoa brand were introduced in 2003.
In 2014, the company began to introduce its mineral- water products in Australia, New Zealand and the United Kingdom.
SAMAES MINE RESOURCE MULTIPLE COUNTRIES SAMAOS MINE PRODUCTS WORLD DISTRIBUTION IN MILLION (billion) SIMEONCO (US) US$ 7,200,000 SIMEOLAS (UK) UK$ 2,800,000 Barranquerilla (Spain) UK£ 1,500,000 LAS VEGAS (NV) US $ 8,400,000 EAGLEVIEW, CO.
UK£ 5,100,000 NIMBLE GRAVE, UK£ 4,100.00 NUTHERFORD, UK £ 2,500.00 FESTIVAL HILL, UK $ 9,000.00 WILFORD PARK, UK$ 4,000,000 JOHNSON BAKERY, UK (UK)- $ 860,000 GARLAND HILLS, UK- $ 2,000-5,000 POTTER DOCK, UK € 1,100-1,250 LISBON, Portugal € 1-5 MILLION HENRIETTA, Portugal€ 500-1 000 LONDON, UK€ 600-1 500 WESTMINSTER, UK-$ 1,000 BRUSSELS, Belgium-$ 1 000 AUSTRALIA $ 2 000,000 ALTA, Belgium-€ 1 000-3 000 FERRAND, Belgium $ 1 000 JOHANNESBURG, South Africa-$ 500 AUSTRIA $ 3 000,001, South African $ 1,200-2