Duralex, in problem, obtains a mortgage of 750,000 euros from the State | EUROtoday

The legendary French glassworks Duralex, in problem, obtained a mortgage of 750,000 euros from the State after turning into a cooperative, based on a decree printed on Saturday December 14. The firm, identified all through the world for its seemingly unbreakable tableware, nearly disappeared after yet one more receivership in April, plunging its greater than 200 staff into uncertainty about their future.

On July 26, the Orléans business court docket lastly validated the workers’ SCOP (cooperative and participatory firm) undertaking, supported by 60% of the employees, supported by the location administration and supported by native elected officers. The Centre-Val de Loire area, for instance, promised its help within the type of a financial institution assure, when the metropolis of Orléans supplied to purchase the glassworks website, for a sum estimated between 5 and eight million euros.

The State can pay, by Bpifrance, 750,000 euros “in the form of a loan for the benefit of the company Duralex SCOP SA” And “under the economic and social development fund (FDES) program”based on the textual content printed Saturday at Official Journaldated December 4.

But the challenges stay quite a few to attain the goal of 40 million euros in turnover in 2029. In 2023, Duralex gross sales fell to 24.6 million euros, in comparison with greater than 31 million in 2022.

Before the transformation into SCOP, Duralex, which was the satisfaction of French industrial manufacturing, certified as “Eiffel tower of dishes”was within the palms of La Maison française du verre, additionally proprietor of Pyrex, which took it over in court docket in 2021 following authorized restoration proceedings.

Duralex, which has been experiencing recurring crises for round twenty years, was notably confronted with the surge in power costs after Russia’s invasion of Ukraine in 2022. It was then briefly saved by a mortgage of 15 million euros from the State.