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Sponsor: Vidres, S.A.
Bussines Activity: Manufacture and sell of glazes for the ceramic sector
Product: Joint venture loan
Total Investment: €5.2m
COFIDES has granted a joint venture loan to the ceramic company Vidres in order to boost its international expansion. With this loan Vidres has acquired the Indian company Sterling Ceramics, together with its distributor (VICPL) for the implementation of a Frit factory. Frit is a glass-based material resulting from the melting of a mixture of raw materials at high temperature in a melting furnace and with this project Vidres SA will include the installation of three frit furnaces, in order to make this product.
This is the first operation between COFIDES and Vidres, which has 15 employees managing the Indian market.
Vidres SA is a family SME founded in Castellón in 1975 and manufactures and sells glazes for the ceramic sector. Its main activity is the production and marketing of materials used in the production of Ceramic pavings and facings, among which are the frits, glazes, serigraphs, inks, etc. Its customers are tile manufacturers, concentrated mainly in Valencia. The company has a subsidiary in Italy and a technical office in Iran.