Google's glassmaker and La Sagrada Familia explores entry of a partner into its capital
Spanish glass company Tvitec wants to raise at least 80 million euros in capital to finance the construction of its new factory in León.
Tvitec, a Spanish glass company, is seeking 80 million euros in capital to fund the construction of a new factory in León. The company, founded in 2009, is the largest European company in its sector and has supplied glass for notable projects such as Google's new headquarters in California and the Sagrada Familia in Barcelona. The new factory, expected to start construction in 2027, will allow Tvitec to integrate vertically and produce its own raw materials, increasing efficiency and stability of supply.
The total investment for the project is estimated to be 185-190 million euros, with 120 million euros coming from a credit from the Ministry of Industry and the remaining 80 million euros from a new financial partner. Tvitec expects to double its size within six or seven years, with revenues exceeding 400 million euros and EBITDA reaching 120 million euros.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
