This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Fagor Automation celebra su 25º aniversario
Fagor Automation celebrates its 25th anniversary
01/03/2006
on March 1, 2006
fagor automation yesterday celebrated its 25th anniversary at the Kursaal in San Sebastian, with a memorial day with the participation of a large group of customers, suppliers and friends and that its managing director, Julen Busturia, drew a positive historical route of the cooperative and had a special remembrance of gratitude towards their promoters.
In 1987, when few companies already raised its presence in China, Fagor Automation was selling there numerical controls and display systems and trained technicians provide a close and qualified assistance. Today has more than 7,000 controls installed in Chinese companies, being one of the best-known brands of CNC, having also an Assembly in Beijing plant with 30 employees.
The total turnover of the cooperative will exceed this exercise the EUR 55 million, of which 76 per cent correspond to international sales. In 2004, 46 percent came from the Asian market (especially China and Taiwan), 30 percent of America and 24 per cent in Europe. Its average workforce is approaching 600 people, of which 150 work in 24 delegations in 16 countries.
Its strategic plan 2005-2008 provides an investment for this period of 8.2 million euros, of which the Chinese plant will absorb 20 per cent. In addition to its traditional business focused on machine-tool sector, Fagor Automation planned to extend its activity towards other sectors of the future such as energy, health and biotechnology. In regards to sales, the plan expected to reach 70 million euros in 2008, with a staff of 675 people.
Related Companies or Entities
Fagor Automation, S.Coop.
