Spain : A sawmill survives the economic crisis because of its exports to Morocco

The Cuenca wood processing plant in the autonomous community of Castile-La Mancha (center-east) is one of the few sawmills to overcome the economic crisis that is hitting Spain.

According to its managing director, David Serrano speaking to Cadena radio SER, the factory managed to survive the crisis that paralyzed the Spanish market thanks to its exports to Morocco. 80% of the country's sawmills have went bankrupt.

The plant currently employs 41 people. It was forced to close in 2016, collecting a profit of 27,000 euros, after a loss of 457,000 euros. The debt it drags on since 1956 is now 5 million euros. The factory must pay a fee for making use of  the hills located in the region of Cuenca.

The economic recovery of the factory is due to the increase in supply, says David Serrano. Morocco and Andalusia are among the best customers.

While the plant faces competition from other countries such as Germany, Switzerland and Chile, the manager is confident that it will increase production and marketing to pay its debts. David Serrano does not exclude the entry of private capital, even if he does not consider it for the moment.