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Izar prevé un volumen de negocio de 26 millones de euros para 2007IZAR expected a turnover of EUR 26 million for 2007
on May 14, 2003
As a result of the implementation of its strategic plan, which envisages an ambitious plan of investment, Izar - tools of Amorebieta S.A.L-is getting the highest billing in its history.
Growth in turnover has been especially significant in recent years. Taking as an example the last year, went from invoice 15.9 million euros in the year 2001 to 17 million euros in 2002. The Strategic Plan II of Izar envisages for 2007 a turnover of EUR 26 million.
This significant growth in the volume of business is the result of the great efforts that Izar has made investments over the years. In the past three years, EUR 5 million have been directed towards the acquisition of machinery and facilities of high-tech, which include machines of last generation for the manufacture of rectified drills.
In addition to these investments, Izar is launching to the market new products such as helical drill bits long in cobalt and strawberries of PMX series, both in series short in long.
It also noted the expansion of the foreign network to more than 50 countries, staying in percentages of sales of 55% in the domestic market and 45% in export.
Another important factor that has contributed to the increase of the turnover has been excellent acceptance of hoist Point programme implemented over the past few years, and that has made it possible to reach other professionals of the market segments, such as the construction. The program is distinguished by its individual presentation, quality hoist products and the most modern, practical and flexible presentation that exists in the market, thanks to its modular patented.
In the context of the commitment to continuous improvement, Izar is initiating a new and ambitious plan for the future that is specified for the year 2003 in an investment of 1.5 million euros, among other things at this time in machines of five axes; and in the construction, in 3 years, a new factory, offices and a modern and automated logistics centre in the "Polígono Industrial de Boroa" (Amorebieta-Bizkaia), which will have an area of 30,000 square meters, which will ensure the expected growth.
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Izar Cutting Tools, S.A.L.
