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 Fiat y Renault contratan los sistemas de dirección asistida de TRW por 900 millones de dólares
Fiat and Renault hired TRW steering systems by $ 900 million
01/11/2001
The company TRW Inc. reported that he has a contract to provide its guidance systems assisted to Fiat and Renault automobile firms in an operation that will involve more than 900 million dollars (about 171,000 million pesetas).
The reason that gives Fagor Automation to justify this decision is the strong expansion that has registered the company, only Spanish manufacturer of systems of automation for Machine Tool. At present this cooperative centres his production in his plants of Mondragón and Usurbil. The new plant will occupy a surface of 10.000 m2. The company foresees that for finals of the year 2002, the business of Catchment of Fagor Automation have moved to Escoriaza, remaining Mondragón for the activities of Control and Regulation, and the one of Usurbil for the one of motors. Of this way, Fagor Automation will have of a total productive surface of 21.000 m2.
In what will be the new plant of Fagor Automation emphasizes the construction of a logistics, fully automated warehouse that will serve the three production plants. In its Strategic Plan for the period 2001-2004, the company expects sales of 14,000 billion pesetas in the year 2004, of which 67% corresponds to export figures. At this time is expected that the staff of the company reach 740 people approximately.
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Related Companies or Entities
Fagor Automation, S.Coop.
