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Lift company Zardoya Otis is to invest some 20 million euro to move its factory from San Sebastian to a new industrial estate, Eskuzaitzeta, early in 2017. The San Sebastian factory, with about 190 employees, generates annual turnover of 75 million euros and is expected to be fully operational at the new location in 2019.
Zardoya Otis, part of the United Technologies Corporation (UTC) group, manufactures, installs and maintains people-moving equipment, including lifts, escalators and moving walkways, and produces about 50,000 lifts and 45,000 braking systems and safety devices for them. In total, Zardoya Otis has turnover of 750 million euros in Spain, of which 100 are billed in the Basque Country.
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