The foundry is one of the most modern in Europe, and it is equipped with state-of-the-art technology for manufacturing wear parts for earthmoving machinery in the mining, construction and dredging sectors.
The 7,000,000 euro investment, which will be carried out over the next few months, will be destined towards infrastructure and machinery, allowing for progressively increasing the productive capacity by 25%, and it will be ready at the start of 2019. The increased capacity foreseen is mainly oriented towards the construction sector.
Since its inauguration in 2012, the Monzón factory’s performance has been very positive, and has come at an accumulated investment of almost 50 million euro. The new investment confirms the positive business outlook that exists among the 3 sectors the company operates in.
During this expansion stage, the company foresees creating up to 50 jobs in Monzón, who will join the existing, 250-strong workforce.
These plans for expansion will help consolidate the strategic plan followed by the company, whose exports represented 98% of sales in 2017; Europe, North America, Asia Pacific and Africa being its main markets.
The increased capacity foreseen is mainly oriented towards the construction sector.