COFIDES supports the Catalan company MAT GROUP™ to consolidate its presence in the Southeast Asian market. To this end, it has granted a €100k loan from the Fund for Foreign Operations of Small and Medium-Sized Enterprises (FONPYME) and COFIDES' own resources.
MAT GROUP™, a company specialized in the manufacture of protective helmets —which integrate proprietary technologies— for leading global brands, is already present in Malaysia since 2022. Even with the COVID-19 pandemic, it managed to start its activity under the initial factory-in-factory system, with several assembly lines. With this new project, the company will have its own manufacturing space on a 16,300 m2 plot, initially building a 6,000 m2 center where it will be able to expand its producing capacity and meet its expected growth needs in both the short and long term. The COFIDES financing will be used to cover part of the initial investment for the installation and purchase of machinery.
Since 2020, COFIDES and MAT GROUP™ have work together on various projects in order to facilitate the internationalization and growth of the company in China.
The corporate director of COFIDES' Investment Department, Miguel Ángel Ladero, highlighted that "COFIDES is committed to contributing to the internationalization of SMEs such as MAT GROUP™, which are characterized by a solid international track record and a high innovative capacity, generating employment both in Spain and in the destination of their investment, while maintaining a solid commitment to sustainability."
MAT GROUP™ CEO, Xavier Mateu, pointed out that: "We are proud to continue providing our customers with the ability to integrate our unique technologies into their products globally. These investments reinforce our commitment to international expansion and enable us to respond even more effectively to their evolving needs."
ABOUT MAT GROUP™
MAT GROUP™ is an SME based in Terrassa (Barcelona) specializing in the development and commercialization of technological products and solutions for protection, safety and comfort in the field of head and body protection and hands-free communication. Its activity is focused on the motor, sports, industrial and medical sectors. The company is responsible for product development, including design, engineering, industrialization and certification, as well as manufacturing and quality control.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages financial funds from the Spanish State, as well as its own resources and those of third-party institutions with various objectives: the internationalization of the Spanish economy, the attraction of foreign investment into strategic sectors in Spain, the promotion of the impact economy in Spain, and the contribution to the development of the countries in which it invests. In addition to the State, which holds a majority position, other shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.
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