The textile group Nextil -the former Dogi– has announced this Wednesday the closure of its factory in Masnou (Maresme), with about 70 workers, because it has not been possible to solve the technical problems that it has dragged on for years and because of the difficulty of transferring to customers the increase in the costs of raw materials and energy, which has affected profitability.
According to the company, these technical problems have not allowed the group’s quality standards to be met, as announced at the shareholders’ meeting held this Wednesday. The plant was inaugurated in 2009 and is dedicated to the manufacture of fabric.
Company sources have explained to Efe that negotiations have begun with the unions to study the situation of the factory workers. At the meeting, the appointment of Jorge Fernández Miret as proprietary director was also approved, as well as that of Richard Rechter as independent director, and Eduardo Navarro Zamora was ratified as proprietary director of the group.
The shareholders’ meeting has approved the capital increase for compensation of credits for an amount of 7,571,025 euros through the issuance and circulation of 17,206,875 new ordinary shares of 0.016 euros par value each and with an issue premium of 0.424 euros.
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This was the only factory that the group kept in Spain. The other two are in Greensboro (United States) and Braga (Portugal), to which one more will be added in Guatemala, currently under construction. From the company, they frame the closure of the factory, dedicated to the production of fabrics, in the group’s strategy of progressively abandoning the ‘fast fashion’ market and focusing on production for the luxury sector.