Phibo will open a factory in Dubai with the Arab family Al Ghurair
Phibo, the manufacturer of dental implants and prostheses, continues to expand internationally.
At the beginning of 2017, this company from Sentmenat will arrive in Dubai with the Al Ghurair family, the fifth wealthiest in the United Arab Emirates, according to Forbes. Phibo and the investment group EGI (property of Al Ghurair) will invest 10 million in equal parts to open a factory. The president and founder of the company, Juan Carlos García, explains that the centre will employ 15 people and produce implants and prostheses using the Cad-Cam software.
“Phibo has a minority presence in the Middle East, and with the influence of Al Ghurair, we trust that sales will go through the roof. We forecast that we will recover the investment in 2019 and arrive in India in the medium term”.
Dubai is Phibo’s fourth factory abroad.
In 2015, it bought a technological centre from the German group Dentsply for 2 million. That same year, it invested 2 million in another factory in Colombia, and in June it acquired Saludtec for a similar amount, a Colombian company that develops a software which designs smiles.
In the short term, Phibo intends to acquire another company in Catalonia in order to enter the bone regeneration sector. With a workforce of 400 employees, Phibo had a turnover of 33 million and obtained an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of 6 million in 2015.
25% of business comes from 10 European and South American countries. García founded the business with his brothers Miguel Ángel and Francisco Javier in 1986.