The Spanish company Newgarden grows in Mexico

The development financing company, Cofides, will contribute to the first international implementation of the Murcian Company of outdoor furniture Newgarden. With this objective, it will provide $300,000 EUR through a co-investment instrument to the project company, NGarden México S.A. of C.V. for the improvement of facilities and acquisition of machinery of the company’s production plant in Querétaro, Mexico.

Newgarden responds to a strategic objective, since production in Mexico will reduce logistics costs and expand the response capacity and adaptation to customer demands.