COFIDES is providing a €1.15 million loan to COGRESA for the modernization of its manufacturing facilities in Mexico, supporting the cooperative's international growth.

Target Information

COGRESA, a cooperative based in Aretxabaleta, Guipuzcoa, is a leading manufacturer specializing in the development and production of components for household appliances, particularly kitchen valves. With ten production facilities, seven of which are located internationally, COGRESA employs approximately 1,500 individuals and is a key member of the Mondragón Corporation. The cooperative has been operating in Mexico since 1989, making it a pivotal market for its global strategy.

The company's Mexican subsidiary primarily serves both the domestic market and the United States, capitalizing on Mexico's position as the fifth-largest producer of household appliances. COGRESA's focus on industrialization has solidified its status as a major player in the global appliance components industry.

Industry Overview

The household appliance industry in Mexico is characterized by a high degree of internationalization and competitiveness. Mexico stands out as a significant manufacturing hub for various electrical goods, attra