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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 Izar podrá entrar en su nueva planta en agosto de 2007

It will revolutionize the concept of manufacture in modern facilities

Hoist may enter at its new plant in August 2007

Drafting MU15/11/2006

IZAR - Tools of Amorebieta, S.A.L., leading manufacturer of cutting tools, proceeded on October 7 to the laying of the cornerstone of which will be its new plant for the manufacture of Boroa, in the same vizcaíno town of Amorebieta in which sits the current factory. It is expected that the transfer to the new facilities of more than 300 machines that make up the workshop for the manufacture of the company is conducted in August 2007. It will then be when the more modern Europe cutting tool manufacturing plant will be ready.

With British punctuality and in spite of fine rain that he threatened to deslucir the Act, to the point of the 7 October 12 gathered more than 100 workers on the grounds in which build the new factory of hoisting andAfter covering the regulatory town, proceeded to visit the future facilities.

Carlos Pujana, managing director of Izar, welcomed all participants, to then emphasize the pride that should arrest all those who through their efforts staff and hard work had made it possible to guide this special day. He remarked that this project represents a strategic future bid for the company and for the people that compose, and to from the relocation to new facilities Izar known a revolution in how they work, what will bring a perspective of service far better than the current customer.

Act of placement of the metal urn which would be the symbolic initial &quote;stone&quote;

Act of placement of the metal urn which would be the symbolic initial "stone".

Past, present and future of Izar in speeches

The highlight of the visit to the facilities came to bury the metal urn which would be the symbolic initial "stone", and which had introduced various tools and catalogues of the firm, as well as some newspapers of the day and a list with the names of the employees of the company today.

When it comes to speeches, lawyer Antón Hernández Zubizarreta, on behalf of the Board of Directors, recalled in an emotional manner times not so happy that the workers themselves of Izar had to take the reins of the company, and said that "in this hole we bury millions of hours of work and all kinds of experiences and concerns, but we also keep our dreams and illusions about a new project, with a view to the market but above all based on people".

Horst Binder, until recently little Manager of Izar and one of the greatest promoters of this project, he recalled the steps taken to date, since the times in which began to also raise possible transfer - as a result of the emergence of the polygon new industrial - to the present in which those ideas and dreams are demarcated.

Finally, David Latxaga, Mayor of Amorebieta-Etxano, not left to congratulate everyone for having been able to make a success this project, fruit of the cooperation between hoist and the institutions, and also show his satisfaction that the people managed to keep a company centenary and emblematic as hoist, with a project for another 100 years and in the best industrial area of Bizkaia.

A benefit for the business transfer and its surroundings

It should be borne in mind that Izar has almost 100 years in the same place, but thanks in part to its own success (there is no physical space to meet the needs of all customers) and also partly due to the demographic expansion of the municipality in which it is located (has gone from being outside to be) (almost in the middle of the same), the need for a new location had become in recent years on the necessity of strategic value.

Finally, expected in early summer 2007 completion the work of construction of what will be the most modern Europe cutting tool manufacturing plant, on a plot of 24,000 square metres (with which triples the current surface) located in the neighborhood of Boroa-Amorebietanext to the toll of the highway that connects with the port and airport of Bilbao and Irun. In August of the same year is expected to carry out the transfer to the new facilities of more than 300 machines that make up the workshop for the manufacture of the company.

In the new plant, Izar aims to further revolutionize his concept of manufacture, so that you can multiply the amount and level of quality of all its tools, by thus implementing the increasingly higher requirements of its customers.

Related Companies or Entities

Izar Cutting Tools, S.A.L.

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