Gestamp is to establish a new EUR14.3m (US$15.6m) laser cutting plant in Álava and located at the Arasur industrial complex in Ribavellosa, employing 100 people.
The new installation will be located on an industrial site spanning 8,500 metres and will be equipped with 14 laser cutting cells and robotised welding cells.
The machinery will be used for cutting parts for Volkswagen, Seat and Opel. Gestamp will start installing the machinery in November, with manufacturing beginning in 2017.
Work to adapt the industrial facilities, which will be leased, will now start and continue until the end of the year with the laser cells installed progressively.
The project has the participation of the Basque Government, and is part of the investments in Euskadi (Basque Country) announced by Gestamp in March of this year.
The company signed a protocol agreement with the government to facilitate the establishment in Euskadi of the Gestamp Technology Institute (GTI).
“The Basque Country is a region in which Gestamp has established strong roots since the beginning of its activity, a region that the company considers favourable to industrial activity,” said Gestamp Northern Europe Division, Unai Agirre.
At present Gestamp has five plants in Euskadi (Gestamp Bizkaia, Matricerías Deusto, Adral, Gestamp Tool Hardening and Loire Safe). Gestamp currently has more than 1,600 employees in the Basque Country.
The Basque Country Euskadi is the headquarters of the Northern Europe Division, which oversees 21 plants on the continent, as well as the global decision-making centre for the Group's chassis, stamping and machinery activity.