Yesterday, 30 May 2013, COFIDES announced the signing of an agreement with MARSAN and IZMAR whereby COFIDES offers its financial support for the start-up of a factory for electrostatic painting and logistics solutions for the automotive sector in Celaya (Mexico).<\/p>\n
A total investment of \u20ac1.1 million<\/strong><\/p>\n COFIDES<\/a><\/span><\/strong>\u00a0will finance this project through a co-investment loan of 500,000 euros from COFIDES' own funds. Together with the contribution made by the promoters,\u00a0Marsan Surface Transformations<\/span><\/strong>S.L., S.L.U., and Izmar S.L.U., the project amounts to 1,100,000 euros.<\/p>\n Following the agreement, COFIDES chairman Salvador Mar\u00edn pointed out that this is the company's first operation with these SMEs. \"We hope that their international expansion continues and that we can once again offer our support,\" he said. At the same time, he pointed out that \"Spanish companies have a high level of innovation that allows them to offer very competitive services\".<\/p>\n The president of Marsan Transformaciones Superficiales, S.L., Jos\u00e9 Luciano Mart\u00ednez-Covelo, explained that \"this is the first project in the Mexican Baj\u00edo, in the city of Celaya, but given the rate at which the automotive sector is growing in Mexico, we are contemplating a second investment in the medium term to complement the current one\".<\/p>\n \u00abIt is good news to see how COFIDES is financing the international growth of Spanish SMEs. Last year it participated in operations of Spanish multinational companies such as Abengoa's concession company in Peru with \u20ac25 million for 33% and in Autopista Urbana Norte (OHL Mexico) with \u20ac25 million for 12%,\u00bb analyses Diego Gutierrez (ABRA INVEST<\/a><\/span><\/strong>) experts in SME corporate finance.<\/p>\n COFIDES positioned in mature sectors<\/strong><\/p>\n \u00abIn 2012, the financing operations in which COFIDES participated were related to mature sectors such as the aforementioned energy and infrastructure, but also to industry (Shwartz Hautmont Metal Sanayi Dis Ticaret) and construction (Regio M\u00e1rmol - \u20ac9m 9%). There is a lack of companies from more dynamic sectors such as technology, which are likely candidates to become the Spanish multinationals of the future,\u00bb points out Diego Gutierrez.<\/p>\n