This figure represents a growth of 11% compared to the previous year, when the company had already grown by 25%. The objective of Vayoil Textil's strategic plan is to grow 10% annually to reach the figure of 15 million in 2010.
The linen company for the hospitality and collectivities Vayoil Textil has closed the year 2016 with very good sensations. In the absence of closing all the fronts the company's turnover has been around 11 million euros. A good figure that puts the growth at 11% more compared to 2015.
In addition, the company has doubled its foreign sales in two years to 15% of total sales. Its main foreign markets are Europe and South America (Southern Cone) and its objective is to reach between 30 and 40% in four or five years.
In the last five years, Vayoil Textil's workforce has grown by 40%. It currently employs 40 people, and generates a hundred indirect jobs through garment workshops in Ontinyent.
The company, which celebrated its twentieth anniversary last year, invested 1.2 million euros in 2016. On the one hand, it has expanded its production and logistics center located in Ontinyent (Valencia) by building a finished product warehouse with a surface area of 1,200 square meters and a height of 12 meters. On the other hand, it has acquired a clothing line in its bid to reinforce its industrial character.
In the words of Luis Esteve, Manager of Vayoil Textil ".We are developing an intense commercial work in these markets, both through our internal staff and our network of exclusive agents, which is bearing fruit. The strategy of specialization and commitment to product quality has allowed us to overcome the crisis with peace of mind and to have a solid position to face expansion".
