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Nedschroef celebrates milestone: new factory opens in Spain!
Shanghai Electric is celebrating the 10th anniversary of the Nedschroef acquisition by building a new factory in Tarragona, Spain.
Nedschroef celebrates milestone: new factory opens in Spain!
Today, December 5, 2024, Shanghai Electric celebrates a significant milestone: the laying of the foundation stone for Nedschroef's second factory in Tarragona, Spain. This comes exactly ten years after the takeover of Nedschroef by Shanghai Electric, which succeeded in expanding production capacities and strengthening its market position in the automotive industry. This new factory, which plays a key role in Nedschroef's three-year action plan, aims to both increase production efficiency and provide innovative fastening solutions across Europe, such as OTS reported.
Since the takeover, Nedschroef has consistently consolidated its position in the automotive supply industry and demonstrated that the two factories in Spain make good use of regional strengths. By integrating CP Tech, a powerful partner company, Nedschroef has been able to expand its technological boundaries. This partnership has spurred the development of highly precise and specialized components for a variety of applications, including hypercars and manned aircraft. This innovative strength of CP Tech demonstrates the long-term potential of collaboration with Shanghai Electric and their vision of collective innovation in various industries, including aerospace Yahoo Finance clarified.
Focus on sustainable growth
Shanghai Electric plans to create an open and collaborative environment that enables sustainable growth. Key measures include optimizing the supply chain and opening up new market opportunities in the civil automotive industry. The additional support measures for employees in times of crisis also illustrate Shanghai Electric's commitment to an inclusive corporate culture. According to Wu Lei, Chairman of Shanghai Electric, "CP Tech's central location in Europe makes it uniquely positioned to strengthen collaboration between Shanghai Electric's business units and drive shared growth. Together, we will explore new opportunities and expand our global reach."