Xavier Molina: "The 2008 crisis reduced the ceramic cluster more than business concentration"



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## Xavier Molina: "The 2008 crisis reduced the ceramic cluster more than business concentration"

23/04/2021 |
SCP

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The director of the Chair for the Transformation of the Economic Model of the Universitat Jaume I, Xavier Molina, gave a lecture in Benicàssim on Friday on the process of acquiring companies in the ceramic cluster and its consequences. The talk was hosted by the Club for Ceramic Quality and the Spanish Association of Ceramic Technicians (ATC) in the ‘ATC Impulsa’ Forum and took place at the Hotel Palasiet in Benicàssim. In his speech, Molina presented the conclusions of a study carried out on the period 2010-2020.

Molina stressed that in reducing the number of companies in the sector "the effect of the 2008 economic crisis has had a greater impact than the acceleration of the business concentration process developed in the last decade”. The director of the Chair has put on the table four differentiated growth strategies in the sector in recent years: growth through the acquisition of other companies, the expansion of its own factories, foreign capital investments through large groups -holdings- and acquisitions by investment funds.

Another of the conclusions presented by Molina has been that in the segment of enamels, frits and ceramic colours, in the last decade there have been fewer sales transactions, but they have been by far the most important in financial terms.

Promoted by the Universitat Jaume I and the Finance and Economic Model Department of the Generalitat Valenciana, the objective of the Chair is to promote knowledge and dissemination of topics related to the transformation of the current economic model of the Valencian Community towards a more competitive one, based in innovation, knowledge and openness to the outside, and sustainable from an environmental, productive and social point of view.

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