The manufacture of toys in IBI, comes thanks to the efforts of the family working as tinsmiths Paya.
The toy manufacturing began in 1893, hand-made in tin, candles, Lecherito, plates, oil. In 1905 Rafael Payá Picó, father of the 3 founders of Payá, sold their children Pascual, Emilio and Vicente Payá Lloret his auto body shop.
legally in 1906 as "The Sin-Payá Rival Brothers." In 1909 he won a gold medal in a regional exhibition to display their toys (trams, trumpets, fire trucks, cars ...) and are creditors to the invitation of the Chamber of Commerce Valencia Buenos Aires to participate in an exhibition of English toys.
Between 1910-1912 using the spring mechanism which allows them more proactive in their creations and so to compete with more developed countries toys and increase sales.
In 1912, the company becomes a company "Payá Hermanos" believes that as a means to perpetuate the family unit and unify the 3 brothers. There is also speculation that it was the way to tackle a new threat, the emergence of Rico SA (ABVerdu and Co.) that says one of its founders was a photographer and painter who worked for Paya which is not allowed to be shareholders thereof.
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Sources:
Rai Web Paya (http://juguetesantiguosdeibi.blogspot.com)
History Office of a toy industry "Jose Ramon Valero Escandell