Cristaleria Queen invests EUR 11 million in new facilities

Southern Spanish glass manufacturer Cristaleria Queen, S.L. is investing EUR 11.4 million in the construction of new facilities covering 12,000 square meters, of which 9,000 m2 correspond to the facto…

Southern Spanish glass manufacturer Cristaleria Queen, S.L. is investing EUR 11.4 million in the construction of new facilities covering 12,000 square meters, of which 9,000 m2 correspond to the factory and the rest to offices, workshops and storage. The company is moving its activities to the town of Seville Montellano, closing the 3000 m2 plant at its current headquarters in Villamartin (Cdiz). The company will add technology that allows direct transfer of glass to the cutting table without worker intervention. It will benefit from a grant of EUR 1.5 million by the Andalusia regional government, in addition to benefits such as loans and interest subsidies to support the presence of innovative firms in the locality. Cristaleria Queen is also committed to taking on 25 new employees on permanent contracts. The enlargement of the plant and the workforce will enable the company to double production in the medium term. The new facility will be launched during the 1Q 2009, although it will not be fully operational until mid-way through the year. The company, owned by the Reina Perea brothers, makes most of its revenue from the manufacture of double glazing. In 2007 the company earned EUR 9 million, compared to EUR 5.49 million in the previous financial year.