# Eurotex Group expands paint production in Tangier with COFIDES support

Grupo Eurotex is expanding its subsidiary Industrie Chimique EUROTEX Maroc SARL in Tangier, Morocco, with a total investment of €315,000, including a €200,000 loan from COFIDES, to increase production capacity for automotive paints and coatings.

- Type: Expansion
- Announced: 2019-08-06
- Where: Tangier, Morocco, Morocco
- Value: $350K (315K EUR)
- Status: announced
- Products: paints, enamels, varnishes, automotive coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Grupo Eurotex](https://endata.com/companies/41171.md)
- [Industrie Chimique EUROTEX Maroc](https://endata.com/companies/41172.md)
- [COFIDES](https://endata.com/companies/6200.md) (investor)

## Sources

- [gl.empresaexterior.com](https://gl.empresaexterior.com/O-grupo-eurotex-establ%C3%A9cese-en-Marrocos-co-apoio-de-cofides/), 2019-08-06: "COFIDES aspires to develop more projects in Africa, a continent of high strategic importance for our country."
- [abc.es](https://www.abc.es/sevilla/economia/sevi-eurotex-ampliara-fabrica-tanger-para-producir-pinturas-para-automocion-201908220712_noticia.html), 2019-08-22: "El grupo acaba de anunciar la ampliación de su planta de Tánger (Marruecos) para comenzar a fabricar pintura para la industria auxiliar de automoción."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.