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Duralex Opens Public Crowdfunding to Raise €5 Million for Factory Revamp

The worker‑owned glassmaker is turning to citizen investors to accelerate modernization toward self‑financing.

Overview

  • The campaign opened November 3 on Lita.co with subscriptions starting at €100 and runs to November 15, with an option to extend to December 15 if the target is not met.
  • Investors are offered 8% annual remuneration for seven years with an 18% first‑year tax benefit, and capital is locked for the seven‑year term.
  • Funds will finance new moulds and machines and support the launch of new collections, with management noting no major new collection since 1997.
  • The Scop estimated €15 million was needed to relaunch after the 2024 employee takeover and previously secured roughly €10 million via a €4 million loan and a sale‑leaseback of the site, leaving a €5 million gap.
  • Management warns the placement is risky with potential capital loss, projects 2025 turnover around €30–33 million, targets roughly €35 million to achieve self‑financing, and reports about 14,800 pre‑registrations of interest.