The Valencian company TCI Cutting, a technological benchmark in the manufacture of high-precision machines with laser, waterjet, and automation systems, is strengthening its internationalization process with the establishment of its first operational center in the United States.
To this end, it has received support from COFIDES, which has granted the company a USD 1.6 million loan from the Fund for Foreign Investment Operations of Small and Medium-Sized Enterprises (FONPYME) to finance the initial investment in fixed assets and working capital. The total project investment amounts to USD 2.3 million.
For its implementation, the company has chosen Houston, Texas, one of the states with the highest economic growth in the country. The new center will feature a showroom for machinery promotion, spaces dedicated to manufacturing and assembly, as well as a technical support area and demonstration and exhibition facilities. This project will enable the company to consolidate its presence in the U.S. market and advance its expansion strategy into other international markets.
TCI Cutting develops solutions aimed at improving its clients’ productivity, efficiency, and competitiveness, with a strong commitment to automation and technological innovation.
Miguel Ángel Ladero, Corporate Investment Director at COFIDES, stated that “choosing such a demanding and competitive market as the United States for its first international establishment reflects TCI Cutting’s technological strength and growth ambitions.” He also noted that “for COFIDES, it is highly rewarding to support Spanish SMEs that bet on innovation and internationalization as drivers of development.”
Emilio Mateu, CEO of TCI Cutting, highlighted that “Europe and the United States are going through a key moment in which advanced industrialization and automation are essential to ensure competitiveness against other global markets. Only through technological innovation and process digitalization will we be able to maintain a solid and sustainable industrial base in the long term.”
He also emphasized that “companies that invest in automation and high-efficiency production solutions will be better prepared to respond to the cost, quality, and sustainability challenges demanded by international markets.”
Mateu added, “Our goal with this new center in Houston is to contribute to this transformation process by providing industry with tools that will accelerate its modernization and allow it to face the challenges of the next decade with confidence.”
ABOUT TCI CUTTING
Headquartered in Guadassuar (Valencia), TCI Cutting is an industrial leader in the manufacturing of advanced industrial solutions. The company designs and manufactures high-precision cutting machines using laser and waterjet technologies, in addition to smart, customized, and scalable automation systems, along with its own production management software. Its value proposition supports companies in their digital transformation processes and in optimizing their production plants, facilitating their transition toward the Smart Factory model.
TCI Cutting’s shareholding structure consists of Emilio Mateu, who owns 75% of the capital, and the private equity fund Spain Oman Private Equity Fund (SOPEF)—in which COFIDES also participates—with the remaining 25%.
ABOUT COFIDES
COFIDES is a state-owned company that manages Spanish State financial instruments, as well as its own resources and those of third-party institutions, with different objectives: supporting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting impact economy initiatives in Spain, and contributing to the development of the countries where it invests. In addition to the State, which holds a majority stake, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.
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