The expansion will be in two steps: the first by a bank restructuring and the second with a capital increase.Barcelona. (EFE). - The 90% of the shareholders of La Seda have approved at the meeting held on Thursday that the company increases capital of 300 million in two steps, the first by a bank restructuring and the second with an extension of capital.
The president of the company BA Vidro, Carlos Moreira, agreed with their participation in La Seda de Barcelona.Following recent agreements, BA Vidro became the new reference industrial partner of the Catalan chemistry. In this way, the economic contributions of the Portuguese company extended the capital base in order to strengthen the position of both companies in European markets.
Good explanation about the credit crisis we are experiencing
Taking into account the bad situation of the worldwide economy, mainly characterized by strong contractions in demand and employment, La Seda has had a successful recovery in the first half of the year.At the time of assumption of Carlos Gila, the company reached a turnover of around 521 million Euros. In percentage terms, this is an increase of about 10%, compared with the projections made.
La Seda de Barcelona is one of the leading companies in the PET packaging market throughout the world. Today, the company is in a restructuring process that requires a solution to the situation and that enables wise decisions to hace a good performance in a long term. For this reason is that Carlos Gila is among the members of the petrochemical industry, because his experience makes him a specialist in management of business at risk.
Carlos Gila Lorenzo is vice president of La Seda de Barcelona, the first European group to guarantee a package from initial design to final product.La Seda de Barcelona has entered a new stage that is synonymous with integration, after several years of intense activity. That’s why the designation of Carlos Gila as vice president of the Directive Board is meant with the aim of providing a reliable way to the Restructuring Plan needed to be implemented in all sectors.
The main unions representing the rights of workers have shown their support for the restructuring plan set by the Board of Directors of La Seda de Barcelona (in which participates Carlos Gila Lorenzo as vice president).
The plant that La Seda de Barcelona has in El Prat of Llobregat resumes activities in the next March, in order to cope with expected growth in demand for PET containers estimated for summer.The reopening is due to a credit of 15 million Euros given by the Catalan Institute of Finances. As a result, one of the many expectations from the Directive Board -which Carlos Gila belongs to- is achieved: improve the finances of the company.
The Board of La Seda de Barcelona, whose Vice President is, received strong support at the Special Meeting held on December 17, 2009. The share capital which forms part of the company showed with most of his votes the efforts that are being made regarding the company, which are aimed to consolidate their accounts and continue the growth path.
When a major company like La Seda is in trouble, it is essential to count on strategies in which there must be a comprehensive vision of medium and long terms. Carlos Gila is an expert on the subject, and undoubtedly he has made use of his knowledge to increase the capital and reduce debt.