the State grants a loan of 15 million euros to Duralex

published on Monday, November 21, 2022 at 4:46 p.m.

The famous Duralex glassworks, suffocated by the explosion in energy prices, will be granted a loan of 15 million euros by the State “to help it get through the winter”, the minister announced on Monday. of Industry Roland Lescure.

The company had announced in September that it was going to have to put its oven on standby for at least four months from November in its historic factory, located in La Chapelle-Saint-Mesmin in Loiret, and place all of its employees on short-time working to save energy and preserve finances.

“I am going to tell them that the State is there and that we are going to make a loan of 15 million euros to accompany Duralex”, indicated on Europe 1 the minister who must meet in the afternoon leaders and company unions.

He highlighted “an extremely strong impact of energy costs”, because “to make glass you have to consume gas and electricity”.

“Duralex had to close its activity for the winter, they continue to sell glasses because they have stocks, but due to rising energy costs they are closing their oven. These 15 million will literally allow them to spend winter. This energy shock is really a brake on a company that was in the process of recovering”, added Mr. Lescure.

For the CEO of the glass factory, José-Luis Llacuna, contacted by telephone by AFP, this loan allows “to see the future with serenity”, despite an increase in costs “from 7 to 10 million euros” in 2022.

“This places significant financial stress on the company. The state is helping us and we are also in discussion with the banks,” added Mr. Llacuna, adding that the glassmaker “is doing well” despite everything, with a figure revenue of 30 million euros in 2022, compared to 23 the previous year.

On the other hand, the loan will not make it possible to restart production immediately. “The idea is still to restart production on April 1, 2023. (…) We have already purchased electricity for the second and third quarters of 2023 at reasonable prices,” he said.

– “A plus to restart” –

For Pascal Dufranne, CGT union representative interviewed by AFP, “it’s a plus to restart, it’s support. It’s a little more reassuring”.

The famous glassworks had been bought in extremis in January 2021, after having been placed in receivership a few months earlier, by International Cookware (Pyrex), which became the French House of Glass at the start of the year.

Created in 1945 by Saint-Gobain, the glass factory in the suburbs of Orléans employs 250 people and in 2021 achieved a turnover of 23.4 million euros.

Glasses from school canteens, but also design objects from the MoMA store in New York, whiskey containers for 007 in Skyfall: Duralex creations are known the world over.

During his trip to Loiret, Mr. Lescure will also visit the printer Maury in Malesherbois – which prints weeklies (Paris Match, L’Express and Le Point in particular) and books such as those of the Gallimard publishing house and whose “bill (of energy) has increased from 5 to 20 million euros per year between 2021 and 2022”.

Mr. Lescure indicated that Maury would be able to benefit from state aid in energy matters “up to 12 million euros in total”, “or about a third of the energy bill”.

A new help desk for the payment of electricity bills, intended for businesses, opened on Saturday for the months of September and October 2022, as part of the new aid announced on November 18.

This counter will allow companies to receive the “first payments” in two to three weeks, said Monday the Minister of Economy Bruno Le Maire. Whether you are an SME, an ETI or a large company, you can receive from 4 to 150 million euros“, he added.

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