The Valencian company Jeanología continues to consolidate its growth after the entry in 2016 of MCH investment fund as a minority partner, with a 35% share in the capital.
In 2017, the company, dedicated to laser technology and sustainable technologies for the textile finishing industry, increased its turnover by 37% to 60.9 million euros. It also increased profits by 34% to 15.3 million, according to the accounts deposited by the company in the commercial register.
"For the year 2018, it is the intention of the group management to continue, as required by the needs of the market, with the policy of expansion and modernization of the productive structure and research of new products as the most appropriate measure to enable adequate growth of turnover and profits, "says the management report.
In addition, they emphasize that the group is increasing its internationalization and that of its commercial network, which allows less dependence on certain markets, and is also investing in the realization of research and development projects that will allow to increase both the competitiveness and the range of products. The good results have also led the company to distribute ten million in dividends.
Jeanology has managed to captivate brands such as Levi's. Since 1993 its mission has been to transform the textile finishing industry through the introduction of new technologies that eliminate the use of water and chemical products and thus minimize the ecological footprint of garment production.
Polo Jeans, Abercrombie & Fitch, Edwin Japan, Pepe Jeans, Diesel, Hilfiger Denim, Jeans, Jack &Jones, G Star, GAP, Uniqlo and H& M are some of the retailers that use their products. Its founder, the entrepreneur Enrique Silla, has been awarded in 2018 with the Entrepreneur of the King Jaime I award.