The multinational is to invest 20 million euros in the factory, which will open in late 2019
The multinational Zardoya Otis is to install a new plant in San Sebastian, requiring an investment of 20 million euros, which will open in late 2019. The new factory allows the company to open up other markets, such as skyscrapers, shipbuilding and family dwellings.
The Basque factory is one of the most technologically advanced in the world and specializes in manufacturing machines, motors and safety items for elevators. Its annual production exceeds 50,000 units. Turnover last year was 81 million euros, representing an increase of 30% compared to five years ago.
The Altza factory has 200 employees and inauguration of the Zubieta plant is expected to require new hirings. The company has installed 1,050,000 lifts in Spain. The maintenance portfolio, which includes Portugal and Morocco, amounts to 285,000, with 5% providing service in the Basque Country.
Zardoya Otis, which is listed on the Stock Exchange, is part of the United Technologies Corporation group, whose turnover last year was 56.4 billion dollars. In the same period, Zardoya Otis invoiced 746 million euros.
Bulgarian by birth, he was raised in the “country of roses” until he was a teenager and then...Leer másShare
This is the third consecutive year that the prestigious specialised publication has recognised the...Leer másShare
The Basque group Innovalia is leading a pioneering European project on big data in the field of...Leer másShare
Bombardier Transportation will manufacture part of a French order it has won, for 32 double-deck...Leer másShare
Iñaki Tellechea, Business Promotion Manager of Spri, believes that “investment here does not...Leer másShare
For SMEs, for diversifying markets, internships abroad, international tenders, non-reimbursable subsidies to consolidate exports, subsidies for deployments or specific training in internationalisation.You’re interested, right?