Nedschroef celebrates Meilenstein: New factory opened in Spain!

Nedschroef celebrates Meilenstein: New factory opened in Spain!

Today, on December 5, 2024, Shanghai Electric celebrates an important milestone: the laying of the foundation stone for the second factory of Nedschroef in Tarragona, Spain. This is done exactly ten years after the takeover of Nedschroef by Shanghai Electric, which succeeds in expanding the production capacities and strengthening the market position in the automotive industry. With this new work, which plays a key role in the three-year campaign plan from Nedschroef, the goal is to increase the production efficiency and to provide innovative fastening solutions throughout Europe, such as yahoo finance illustrates.

focus on sustainable growth

Shanghai Electric plans an open and cooperative environment that enables sustainable growth. Essential measures include the optimization of the supply chain and the development of new market opportunities in the civilian automotive industry. The supplementary support measures for employees in times of crisis also illustrate the commitment of Shanghai Electric for an inclusive corporate culture. According to WU Lei, the chairman of Shanghai Electric, "CP Tech is uniquely positioned due to its central location in Europe to strengthen the cooperation between the business areas of Shanghai Electric and to promote shared growth. Together we will open up new opportunities and expand our global reach."