CRE100DO, a foundation that brings together more than 120 companies with turnover between 50 and 500 million and employing between 250 and 3,000 employees, emphasizes the importance of providing visibility to this segment of companies in Valencia
Notably, during an event at CEV’s Valencia headquarters, the foundation’s general director said, Rafael VaqueroUnderlined Valencia’s autonomy It is an “ETI country” because 20 of the companies that form the basis (mostly belonging to the industrial sector and, within that, the food branch) are of Valencian origin. Not in vain, there are also merchants among them Valor, Ale-Hop, Pikolinos, Jeanologia, Logifruit or Hinojosa.
Given this importance, Vaquero emphasized the “importance” of promoting and recognizing this business segment, as although they are officially included in the ‘Large Company’ category in Spain, they have their own characteristics and needs. Among them, The leader emphasized his commitment to internationalization, his presence often in small urban centers that allow for the “structuring” of the region, and his “permanence of vocation” in the long term.
This is a gauntlet that both CEV Valencia president Eva Blasco and PwC’s partner responsible for markets and clients also tackled in their speeches. Blasco pointed out that intermediate firms in particular are “a key sector for the Spanish economy”, companies with “the capacity to create wealth and employment”.. Martín emphasized the following: The importance of having some of these ETIs in municipalities with populations of less than 5,000 is something he believes “helps establish greater roots in the region.”
Success factors
Beyond the interventions, the following was assessed at the time of presentation of the report: Success factors early internationalization of such companies, their search for innovation, established strategic alliances, culture and talent, environmental, social and corporate governance aspects and financial capacity. Even so, they still exist steps to take on issues such as the development of innovative ecosystems, digitalization, education, financing, inorganic growth and regulatory barriers.
Having greater visibility of brokerage companies Helping support the growth of companies in Spain. This is one of the claims made this Tuesday in Valencia by the CRE100DO foundation, which brings together more than 120 companies in this business segment. During the presentation of the report “The Success of Middle Market Companies in the Valencian Community”, prepared in collaboration with PwCThe event was held with the participation of the Minister of Innovation, Industry, Trade and Tourism. Nuria MontesThe weight of the Valencian Community within the ecosystem of companies, also known as ETIs, was underlined. This includes those with invoices between 50 and 500 million euros and those with between 250 and 3,000 employees.