Precicast Bilbao, a company that specialises in casting superalloys, is to invest 20 million euros in the construction of a new industrial plant to manufacture components for the aerospace sector in the Biscayan town of Sestao.
PCB, 80% owned by ITP, intends the facilities to become a space for innovation and technological development to enable collaboration with such important customers as Boeing, Airbus, Rolls Royce, Siemens and Alstom.
The new plant, which is in addition to the facilities in Barakaldo, will occupy about 10,000 square metres and is likely to be built on land belonging to Sestao Bai, a publicly-owned company created by Sestao Town Council and the Regional Government of Bizkaia.
The group, founded in 1999, specialises in producing special superalloys using the lost wax precision casting process and provides microcasting solutions for companies supplying gas turbines and industrial products.
PCB currently employs 250 people at its existing headquarters in Barakaldo and calculates that the new facilities will provide employment for a further 200 people.