2024-04-25 12:20:18
07:17
These days the company is paisa Quimicolor proceeds with the assembly of the fabric plant spunlace or fibrous, which will allow it to position itself as a relevant player in the wet towel industry in Latin America, since this technology is only available in Brazil.
In dialogue with EL COLOMBIANO, Antonio Mendivil, company manager, He assured that this substance is currently imported from Asia, so the machinery expected to come into operation in May will make it possible to export towards the end of the year to markets such as Mexico, Ecuador or Peru.
“It is The project has a cost of close to nine million euros, and for this we have support from the Bpifrance bank who gave us a hand with a soft loan for seven years. We also invest our own resources and those of the National Bank,” commented the businessman.
Launch of This initiative will allow Quimicolor to generate between 40 and 50 new jobs, most of them for trained personnel.
Another advantage of the new production unit, which occupies 2,600 square meters, is that the company You will be able to control the quality of the products throughout the supply chain and make production more efficient and flexible.
Climbing
Emerged in 2004 as a manufacturer of resins, solvents, adhesives and paints, Quimicolor has observed a 180-degree transformation, consolidating itself as a relevant player in the cosmetics sector.
“The name stuck with us, but today we don’t produce a single pound of resin or produce a gallon of paint,” said Mendivil, who joined the company as a partner in 2006 and later bought it.
Your bet is on him management of massive brands, and adapted to the motto of offering affordable but high quality products.
This is how it entered the segment in 2016 baby care products, as a supplier to D1, and its performance has grown, since 80% of the sales of the commercial organization correspond to baby wipes.
In addition, there is shampoo, nappy rash creams, nail polish remover and disinfecting wipes.
Last year, 8,800 tonnes of these products were sold, lor that it constituted a milestone in the production volumes of the company, which today generates 90 jobs.
“Although we are not labor-intensive, we highlight our focus on the technology we use in our processes, which has driven the growth we have observed in recent years,” added the head of Quimicolor, which has in its portfolio. customers of Sodimac, Grupo Éxito and some companies and businesses in the center of Medellín.
At the conclusion of In 2023, the company recorded revenues of $76,000 million, a figure that is higher than the $54,200 million reported to the Superintendency of Companies in 2022.
Another recent and relevant investment by the company was the transfer of the industrial plant, which until just over a year ago was located in the district of San Antonio de Prado, south of Medellín. Now this located in the municipality of Guarne, east of Antioquia, where it occupies around 8,000 square meters.
dollar effect
In a context of volatile exchange rates, Mendivil explained that this factor affects all companies. “In our case, we are lucky enough to buy the new machinery with soft loans from French banks, and that suddenly helps us a bit.”
Another strategy that the company uses to mitigate the changing effects of the price of the North American currency is to use short-term financing mechanisms, such as factoring which reduces the amount of accounts receivable.
Lock Interest is also part of the aspects that Quimicolor does not overlook. “The company’s level of debt is very low, the financial solidity of the organization has allowed it to remain a very attractive customer for financial institutions, and when working capital is required, very good prices are obtained,” the 2022 results report says.
The portal Nonwovens Industry highlights that the line acquired by Quimicolor in Colombia will process viscose fibers (chemically produced) and polyester to produce more than 10,000 tons of products roll nonwovens per year to turn them into cloths.
“On-site production of roll products will have the added benefit of avoiding previously required intercontinental shipments and will therefore significantly reduce the company’s carbon footprint,” the publication noted.
For the Colombian company This is a challenging project “that will make us pioneers in the production of spunlace in our region and at the same time it will allow us to continue to offer hygiene and home products”, and even compete with large players such as Familia, Kimberly and with Chinese products.
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