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PFP Termopolimeros #2

presented by October Spain

€1,015,000

5.95%

36 months

B

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location

Location

Figaró-Montmany, Spain

activity

Activity

Commerce

Presentation of the company

Created in 2009, PFP TERMOPOLIMEROS SL, is active in the PET plastic manufacturing sector. The company, managed by Maria Adela Mayor Lopez, has 33 employees and is based in Figaro-montmany.

Mrs. Maria Adela Mayor Lopez, managing director, has overall 24 years of professional experience in the PET manufacturing sector. Previously, she was managing director at another PET manufacturing company.

The company’s main activity is:

  • Manufacturing of PET plastic bottles and containers for the pharma, food and cosmetic industriesThe company works with a relatively concentrated client base they have long relationships with.

Project Description

The company requests 1.015.000 € to finance an expansion of the production plant to accommodate new machinery. Like the prior project, this is an investment which will allow the Company to reach their target turnover for coming years. This investment was discussed with the company during the analysis of the first loan and is in line with the projections used at the time. This project will be realised in the next few months.

As a reminder, the October lending community supported €835,000 in a 36-month loan to finance the acquisition of new machinery and molds.

The amount offered on the platform is limited to 497.350€, which is in line with the regulatory limits.