Umgi, the investment company, has released a summary of its results for 2023. Last year, the umgi team remained committed to its strategy of expanding into European markets, by investing heavily in asset growth. Over the past two years, umgi has allocated nearly $22 million to the expansion of its businesses.
UMGI
umgi is an investment company that launches and develops businesses with high growth potential. Our team takes a hands-on approach to the development of portfolio companies, providing them with production, commercial and management expertise.
News
30.05.2024
In 2023, VESCO Group fulfilled all customer orders for the supply of ceramic raw materials and launched its production in Spain. The largest consumers of ceramic raw materials were Italian tile manufacturers, accounting for 38% of total sales. At the end of the year, the Group recorded $75.2 million in gross revenue.
14.12.2023
VESCO, one of the global leaders in the production and supply of ceramic raw materials, has commenced extraction from a clay quarry at Encarnita deposit located in the Berge municipality, Teruel province, Spain.
