Annual Report 2000

2000 Annual Report

3

Summary

Highlights 5

Message from the President 6

FINANCIAL GROUP 9• Caja Laboral 11

• Lagun-Aro 13

• Seguros Lagun-Aro 14

INDUSTRIAL GROUP 15• Automotive 18

• Components 19

• Construction 20

• Industrial Equipment 21

• Household Goods 22

• Engineering and Capital Goods 23

• Machine Tools 24

DISTRIBUTION 25• Eroski 28

• Erkop 30

RESEARCH, TRAINING AND EDUCATION 31• Research Centres 32

• Training and Education Centres 34

Financial Statements and Trading Account 37

Estructura Organizativa 42

Organisational Structure 42

Social and Management Bodies 45

List of MCC Companies Highlights

Total Sales

International Sales

Assets Under Administration*

Equity**

Investment

Results

Workforce

42,129

46,861

53,377

889,7605,348

238,6471,434

949,7695,708

288,2201,732

70,763425

68,907414

1,175,5487,065

323,5441,945

1,171,4297,040

381,8142,295

122,836738

67,371405

1,043,8936,274

272,8851,640

1,058,9226,364

334,2322,009

86,838522

76,479460

1998 1999 2000

* Caja Laboral ** Excluding Lagun-Aro’s Net Woorth

In millions of pesetas In millions of euros

1998

1999

2000

5

he year as a whole followed thepath laid out, once again demon-

strating the validity of a part i c i p a t i v emodel based on the ability of people tomanage themselves, creating and man-aging competitive companies capableof satisfying the aspirations of their cus-tomers and contributing to the develop-ment of society.

As the year coincided with the end of astrategic cycle and the start of a newone, many hours were spent on reflec-tion in an attempt to unravel the elementsthat are going to shape the future, andestablish the positions required for eachbusiness and the Corporation as aw h o l e .

The overal l result of the reflectionprocess is very promising; pointingtowards qualitative and quantitativeobjectives that will make theCorporation in 2004 a dynamic, cre-ative, international, competitive groupwith a high level of investment and jobc r e a t i o n .

6

Antonio CanceloPresident of the General Council

Presidente del Consejo General

T

As part of our strategic planning, mention should be made of the technological focus which,based on our Corporate Value of Innovation, has been developed into an integrated systemwith four core elements: the Science and Technology Plan, Mondragón Unibert s i t a t e a ,Business Technological Centres and the Garaia Innovation Project.

Companies, Technological Centres and the University, with their specific co-ordinated plansand working together as a team, constitute a think-tank capable of generating significantimprovements in the products and services on off e r.

The promotion of new activities has been significant this year. Twenty-three new projectshave been started up, with practically fifty percent located in our region and fifty percenta b r o a d .

This boost in business promotion, the renovation of existing plants and the creation of newsales outlets in the retail sector have required a high level of investment. Once again newrecords were set, with more than 720 million euros of investment.

This investment has been funded by the generation of internal resources, the 90%capitalisation of which is the best funding source, and by means of specific instruments of acorporate nature: MCC Inversiones, MCC Desarrollo and MCC Desarrollo Navarra.

New projects and investment inevitably should lead to job creation, and has done sosignificantly by adding six thousand new jobs. This gives the Corporation a workforce ofmore than fifty three thousand people at the end of the year.

2000 was then a good year, not just in terms of perf o rmance but also because the baseshave been established for the building of a promising future.

7

FINANCIAL GROUP

9

he most outstanding fac-tors in the financial area

in 2000 were the toughening ofm o n e t a ry policy in the UnitedStates and Europe, where thei n f l a t i o n a ry trends have led torises in interest rates, a slippagein the parity of the euro with thed o l l a r, which fortunately wasp a rtially corrected during thefinal months of the year, and theconsiderable fall recorded bythe main stock market indexes inthe world.

As far as MCC’s FinancialGroup is concerned, its perf o r-mance last year continued to begood. However, it could notelude the worse perf o rmance ofthe stock market, a fact thatmainly affected the profitabilityof the investment portfolio of thesocial welfare area, which,although it perf o rmed well, itdid not do so as brilliantly as inprevious years.

In 2000, compliance with theBasic Corporate Objectives onthe part of MCC’s FinancialGroup can be summarised asf o l l o w s :

Customer Satisfaction. I nthe area of quality, work contin-ued on continuous improvement,with Caja Laboral obtaining theSilver Q awarded by the BasqueFoundation for Quality(Euskalit), after having achievedmore than 400 points in theEFQM assessment, carried outby external auditors.

In the commercial area, thelaunch of the Super Net accountstands out. This is a high yield

account that can only be operat-ed via the Internet. Mentionshould also be made of theincrease in the electronic bank-ing services offered, with thenumber of clients using this ser-vice having doubled over they e a r, and the automation of pay-ments and collections carriedout by the bank’s clients usingelectronic files.

P ro f i t a b i l i t y. In banking, thegross earnings margin wasincreased by 13% and the effi-ciency ratio was improved to40.1%, which means thatadministration costs were wellcontained in relation to the ordi-n a ry margin obtained. Mentionshould also be made of howL a g u n - A r o ’s investment port f o l i owas managed, as in spite of thepoor perf o rmance of the stockmarkets, an average return of8.2% was achieved, which iswell above the standard marketrates.

I n t e r n a t i o n a l i s a t i o n . C a j aLaboral is the only company inthis Group that carries out activ-ities on the international stage,backed by an extensive networkof foreign correspondent banks.

In 2000 there was a 20%increase in the volume of com-mercial operations abroad.67% of this business was withco-operative enterprises and theremaining 33% with other busi-ness clients. During the year thenetwork of foreign correspon-dent banks was reinforced,extending it to new geographi-cal areas, and taking the total tomore than 950.

D e v e l o p m e n t . The turnover ofthis Group increased significant-ly in 2000 with assets underadministration recording an11% increase and bank invest-ment an 18% increase. The con-siderable profitability obtainedhelped to reinforce the sound-ness of the net worth of the insti-tution, taking Caja Laboral’sequity to 845 million euros, a12% increase and Lagun-Aro’sassets to 2,250 million euros,also a 12% increase.

In 2000, 13 new bank brancheswere opened, most of them inthe autonomous community ofCastilla-León. This took the totalnumber of branches to 274. Thisphysical expansion was alsocomplemented by the growinguse of alternative channels liketelephone- and Intern e t - b a n k i n g .As far as Lagun-Aro is con-c e rned, the increase of 1,590 inthe number of members standsout, as it was the second largestincrease in the last ten years.

Social Concerns. In 2000, thethird people-satisfaction surv e ywas carried out, with improve-ments recorded in several areasand new aspects requiringimprovement plans identified inothers.

It should also be highlighted that40 Collaboration Agreementswere maintained in force withinstitutions, with new ones signedwith the Basque Government, theG o v e rnment of Navarra, theBasque regional councils, theICO and the Elkargi and Oinarrireciprocal guarantee fundsamong others during the year.

10

Financial Group

T

CAJA L ABOR ALSdad. Coop. de Crédito

aja Laboral is a creditinstitution that from the

start has been the driving forcebehind the development of theco-operative enterprises, con-tributing to their financing andthe promotion of new activitiesand playing a key role in theshaping of what is today Mon-dragón Corporación Cooperati-va.

2000 was a satisfactory year forCaja Laboral, with leadershipconsolidated in terms of efficien-cy and profitability, backed by ahigh level of solvency, among themost demanding in the sector.

Total assets on the balance sheetaccounted for 7,477 millione u r o s at the end of 2000, whichis an increase of 24.7% com-pared to 1999.

Customer assets under adminis-tration totalled 7,040 million

euros at the end of the year, witha notable increase over the yearof 10.6%. The trends in savingsnoted last year were confirm e d ,with greater increases in tradi-tional savings schemes to thedetriment of unit trusts. More-o v e r, the launch of the SuperNet Account, a high yieldaccount that can only be operat-ed via the Internet, acceleratedthis trend.

Equity continued to grow,boosted by the profitabilityobtained and the demandingpolicy of capitalisation of prof-its, taking the final figure to845 million euros. In accor-dance with Bank of Spain regu-lations, the institution’s capitaladequacy ratio was 17.2%,easily doubling the minimumrequirement of 8%.

As far as lending business wasc o n c e rned, net bank investmentincreased by 18.1% over they e a r, taking the balance of thisheading to 4,349 million euros.The most active type of loan isstill the mortgage loan, with anincrease of 464 million euros.M o rtgage loans now account for70% of all loans to the privates e c t o r.

Gross investment of the securitiesportfolio, consisting of fixed andvariable income securities, aswell as holdings in group compa-nies, rose to 1,427 million euros,a relative increase of 23%.

Training during the year wasmainly aimed at improving thetechnical level of staff, promo-tion courses and help for com-p l e m e n t a ry courses. 89% ofstaff participated in some kindof training activity.

It should also be highlighted thatover the year, 9.10 million eurosfrom Caja Laboral’s Education

and Promotion Fund were ear-marked for co-operative trainingand promotion, as well asresearch, and cultural andhealth-care activities

Among the aspects relating toLagun Aro, the setting up of theRisk Prevention Service shouldbe highlighted, with more thanone hundred companies taking

p a rt. The positive perf o rm a n c eof the Employment Aid benefitshould be also be stressed,which enabled a reserve fundtotalling 28.8 million euros to beset up for the future. �

Juan María OtaeguiMCC Vice-president

Chief Executive - Financial Group

11

Caja Laboral, Vitoria.

C

12

For its part, investment in cash,banks and credit institutions, thebalance of which includes thecash and central bank figures aswell as the net position with cred-it institutions, increased signifi-cantly to account for a balance of976 million e u r o s at the end ofthe year.

In terms of the profitabilityobtained in 2000, the favourableperformance of the gross earn-ings margin, with a 13%increase, was the most outstand-ing feature. This was due to theimprovement in net income deriv-ing from traditional business withclients. Therefore, in spite of thefact that transfers for the provi-sion of bad debts increased dueto the transfers made to the Sta-tistical Cover Fund required bythe Bank of Spain, this meansthat profit before tax came to132 million e u r o s, which was8.1% higher than in 1999.

In this regard, it should be high-lighted that the profitabilityachieved by Caja Laboral on itsaverage total assets was 1.92%in 2000, a “ratio” that comparesv e ry favourably with thatobtained by other Savings Banks.

Caja Laboral’s soundness is areflection of this efficiency, asrecognised by “The Banker”magazine published by theFinancial Times Group, whichputs only two Spanish banksamong the one hundred most sol-vent banking institutions in theworld, with Caja Laboral in 97thposition.

Finally, a mention should be giv-en to Aroleasing, a companyspecialising in financial leasing,which has belonged 100% toCaja Laboral since 1996.

In 2000, Aroleasing signed newcontracts to the value of 113 mil-lion e u r o s, which represents anincrease of 16% over the 1999figure. Of all the investmentmade, 62% was in the BasqueCountry, channelled through thebranches of Caja Laboral.

Loan investment at the end of theyear totalled 229 million e u r o s,with an increase of 20% over theyear and the doubtful debt ratioat 1.1%, an improvement of 38%compared to the percentagerecorded in 1999, and bad debtcover at 188%. �

E q u i t yIn millions of pesetasIn millions of euros

19 9 8

111,289669

2 0 0 0

140,639845

19 9 9

125,453754

Net bank InvestmentIn millions of pesetasIn millions of euros

19 9 8

513,1723,084

2 0 0 0

723,6244,349

19 9 9

612,6203,682

Assets under AdministrationsIn millions of pesetasIn millions of euros

19 9 9

1,058,9226,364

2 0 0 0

1,171,4297,040

19 9 8

949,7695,708

LAGUN-AROProvident Society and Pension Fund

he members of Lagun Aroare members of co-opera-

tives, mainly forming part ofMondragón Corporación Coop-erativa. It is Lagun-Aro’s task toprovide social welfare cover forthese members and their families,at a similar level to the cover pro-vided by the state system.

At 31 December 2000, Lagun-Aro EPSV had 24,255 members,this figure being an increase of1,590 people since 1999, thehighest figure in the history ofLagun-Aro. 46% of the new mem-bers correspond to the newmodes of contribution for LimitedDuration and Special Quotamembers.

As far as share-out benefits arec o n c e rned, which cover short -term benefits, these totalled 41.6million e u r o s in 2000, in the fol-lowing areas:

• Sick Leave, 18.1 million euros(43.5% of the total)

• Health care, 16.3 million e u r o s(39.3% of the total).

Employment Aid should also behighlighted as its net costaccounted for 0.69 million e u r o s,with a surplus of 5.75 millione u r o s generated. This amount,added to the 20.09 million e u r o sfrom 1999, means that there isnow a positive balance of 28.8million e u r o s, with the financialyield on this amount giving anegative net cost.

The benefits for Retirement, Wid-owhood and Invalidity, whichhave to be guaranteed for longperiods of time and for a largenumber of members, arefinanced by reserves to guaran-tee the corresponding pensions.This enabled 39.4 million e u r o sin pensions to be paid out in2000. At the end of the year,there were 5,500 people receiv-ing pensions.

These benefits are guaranteed byLagun-Aro's Net Worth, which atthe end of 2000 came to 2,250million e u r o s, once the returns onthe investment portfolio had beenapplied. In comparison with theclose of 1999, the fund hasincreased by 247.2 millione u r o s, which is 12.3% in relativeterms.

In 2000, work also started on set-ting up a Prevention Service forthe companies in our group, as ajoint effort, after the strategicreflection in this area in 1999.

It was the first year, with Statutesand Regulations being drawn up,information provided and deci-sions taken. However, all theefforts were rewarded with 100companies signing up for the thisservice and a great deal of sup-port from those responsible forthe prevention of occupationalhazards in the companies.

Finally, it is worth mentioning thatthe Company Medicine Servicecarried out 3,414 medical exam-inations, 27,254 analyses and1,099 analytical controls forOccupational Hazards.�

13

Net Wo rt hIn millions of pesetasIn millions of euros

19 9 8

286,4121,721

2 0 0 0

374,4452,250

19 9 9

333,3032,003T

SEGUROS LAGUN-ARO

000 was more positive forthe insurance sector than

1999. This favourable contexttogether with the excellent levelof compliance with specific inter-nal objectives contributed toSeguros Lagun Aro's good per-f o rmance, with a significantboost to the main business vari-ables.

Income obtained from insurancepremiums and financial incometotalled 124.1 million e u r o s, ofwhich 86.7 million e u r o s c o r r e-sponded to premiums charged.There were 312,000 policies inforce at the end of the year,which is an increase of 12%.

In Non-Life Insurance, turn o v e rclimbed to 63.9 million e u r o s,with growth of 31%, comparedto an estimated growth of 13%for the sector as a whole. Thenumber of policies in force roseto 208,440 policies, which wasan increase of 15%. Thefavourable perf o rmance of theHome, Car and Individual Acci-dent sectors stood out.

In Life Insurance, with a turn o v e rin terms of Premiums of 22.8 mil-lion euros, the priority productsfor the Company, like risk insur-ance for private individuals,rose by 18%, which is wellabove the average of 6% esti-mated for the sector. However,in Life Insurance as a whole,there was a 29% drop in premi-ums, mainly due to the fact that

it was decided to put back thesale of unit linked insurance to2 0 0 1 .

The following are also worthy ofmention as far as 2000 is con-c e rn e d :

• Company head offices movedto a new location in Bilbao, withall services grouped together injust one place, of advanceddesign in terms of features andmeans of communicationbetween people, on the basis ofnew information technologies.

• Opening of five new offices inareas of strategic interest for thecommercial policy.

• Investment in new inform a t i o nt e c h n o l o g y, mainly in the LifeInsurance company, aimed at

improving the overall manage-ment of the business.

• Strong boost to communicationmanagement, both externally int e rms of customer relations ands e rvice and intern a l l y.

• Modelling of commercial man-agement, adapting managementand distribution structures to anew more agile, customer-focused concept. �

14

Lagun-Aro, Mondragón.

2

INDUSTRIAL GROUP

15

000 was a good year fori n d u s t ry, with growth in

industrial production of about4.4% in Spain as a whole and5.4% in the Basque AutonomousC o m m u n i t y. However, from thesummer onwards the effects ofthe rises in interest rates, theincrease in the price of oil andthe excessive weakness of theeuro began to make themselvesfelt. This all led to a decelerationin demand for industrial prod-ucts. However, the indicators ofM C C ’s Industrial Group indicat-ed a good level of perf o rm a n c eover the year.

Customer Satisfaction. I n2000 progress continued to bemade with this objective, withsome of the actions taken beingan improvement in quality andproximity to the customer as ameans of offering a better ser-vice.

As far as the quality of the prod-ucts and processes of the co-operatives are concerned, prac-tically all of the co-operativesnow have ISO 9000 cert i f i c a-tion. The current objective is toimprove their score in assess-ments based on the EFQMm e t h o d o l o g y. In this regard, it isw o rth highlighting that in 2000Irizar obtained the EFQM Euro-pean Quality Prize, and theBasque Foundation for the Pro-motion of Quality (Euskalit)awarded the Gold Q prize toCopreci and the Silver Q to the

Fagor Electrodomesticos cook-ing appliance plant, as thesecompanies exceeded 500 and400 points in their respectivee x t e rnal assessments.

It should also be highlightedthat, in order to optimise cus-tomer service, the co-operativesoperating in the automotive sec-tor have continued setting upmanufacturing plants close towhere their customers are locat-ed, mainly in Brazil.

P ro f i t a b i l i t y. The positive per-f o rmance of demand in 2000as a whole resulted in a highuse of the Group’s productionc a p a c i t y, although somewhatlower than in 1999. Moreover,last year the price of raw mate-rials and services rose, due to alarge extent to increases in theprice of oil. This led to a grad-ual slowdown in profitabilityover the year, as demonstratedby the moderate 2% increase inthe overall profits for the year,with a net profitability oversales of 4.8%.

The division that perf o rmed bestin this regard was the IndustrialEquipment division, where thehigh level of profitability of thecoach bodywork businessstands out.

I n t e r n a t i o n a l i s a t i o n . T h egood economic situationenjoyed by the main Europeannations and the weakness of the

euro compared to the dollarmeant that the Group’s intern a-tional sales, exports plus salesfrom production plants abroad,accounted for 1,568 millioneuros. This figure represents aconsiderable increase of 22%.This significant growth has ledto an increase in the proport i o nof international sales over totalsales from 47.6% in 1999 to49.4% in 2000.

In compliance with this impor-tant strategic objective, theGroup continued to increase itspresence in foreign markets,especially in Latin America.Cikautxo, Fagor Ederlan andMaier set up plants in Braziland Eika in the Czech Republic.Irizar also increased the compa-n y ’s presence in Mexico. Wi t hthese new plants, the Groupnow has 26 plants abroad.

D e v e l o p m e n t . Tu rnover in2000 totalled 3,170 millioneuros, which was an increase of18% compared to 1999. Themost dynamic divisions wereConstruction and IndustrialEquipment, both with increasesin excess of 25%.

The investments tackled by theIndustrial Group reflect itsdevelopment. In 2000 theseaccounted for 294 millioneuros, which is 37% more thanthe investment figures for 1999.Industrial employment is also agood reflection of development;

16

Industrial Group

2

17

this rose by 3,680 jobs takingthe total workforce to 25,593people.

As far as the creation of newcompanies is concerned, lastyear Fagor Ederlan Borja andAutomódulos Aragón were setup, and Rotok Industria Graficawas created in partnership withthe Correo Group. Manchalanwas launched in collaborationwith the Once Foundation tomanufacture components fordomestic appliances and carsand provide employment forone hundred handicapped peo-ple. Mondragón Conet was setup in the field of new technolo-gies and telecommunications.

F i n a l l y, mention should be madeof the Garaia project, consistingof the creation of an ambitioustechnological innovation complexin Mondragón. 48 million e u r o s 0will be invested in the project,which will create 1,250 jobs inthe field of research over the nexteight years.

Social Concerns. In thisregard, the setting up of the JointOccupational Hazard PreventionS e rvice should be highlighted,with the involvement of 100 co-operatives. This service hasreceived the support of all thepeople in the co-operativesresponsible for this prevention.

The implementation of the Envi-ronmental Management System

also continued, faced with thegrowing social demand in thisarea. More than 50 industrialco-operatives are now develop-ing these programmes.

Other basic aspects tackled in2000 were the improvements ini n t e rnal communication, bymeans of periodical newslettersand an increase in the circula-tion of the TU Lankide magazineto 9,500 copies a month, theestablishment of a Tr a i n i n gManagement Model, the carry-ing out of People-Satisfaction

S u rveys and the preparation ofan inventory of best practicesfor improvement purposes.�

Wo r k f o r c e

19 9 8

19,585

2 0 0 0

25,593

19 9 9

21,913

I n v e s t m e n tIn millions of pesetasIn millions of euros

19 9 8

31,400189

2 0 0 0

48,920294

19 9 9

35,639214

International SalesIn millions of pesetasIn millions of euros

19 9 8

183,7521,104

2 0 0 0

260,8301,568

19 9 9

213,4911,283

Total SalesIn millions of pesetasIn millions of euros

19 9 8

391,4612,353

2 0 0 0

527,5023,170

19 9 9

448,1322,693

he most important aspect ofthe Division was the signifi-

cant boost given to the intern a-tionalisation process both in for-eign sales, which rose by 21%,and the setting up of productionplants abroad, mainly in Brazil.

In Automoción CHP, FagorEderlan culminated the negotia-tions for the purchase of 51% ofFundiçao Brasileira, located inExtrema in the state of MinasGerais, with a capacity for25,000 tonnes/year and aturnover of 24 million e u r o s for2001. Its activity will be comple-mented in January 2002 by thatof Fagor Ederlan do Brasil,engaged in the machining ofknuckles and suspension arms.

In Spain, Fagor Ederlan inaugu-rated its Borja plant to supplyGeneral Motors with front cor-ners, for which in 2001, the firstfull year of operation, sales of82.3 million e u r o s are forecast.On the same business estate,Automódulos Aragón, concentrat-ing on the design, manufactureand assembly of car axles, alsobegan its activities.

Mapsa continued to expand as inprevious years, completing a sig-nificant investment plan to the val-ue of 19.2 million e u r o s. Another7.8 million e u r o s will be investedin 2001, to take productioncapacity up to two million wheelrims. The company also receivedthe Award for Aluminium WheelRim Supplier of the Year fromGeneral Motors.

As far as Fit Automoción is con-c e rned, the big increase in sales(47%) of brake systems for VW inG e rmany stands out. V.L. Ta f a l l aapproved an important invest-ment plan worth 28 million e u r o sfor the four-year period 2001-2004, of which 10.4 million willbe invested in 2001. V.L. Usurbilpurchased a new Disamatic linefor the manufacture of brakehousings for the European mar-k e t .

In Automoción BCM, Cikautxoset up a plant in the CzechRepublic for the manufacture oftechnical rubber parts, and inBrazil, took a 35% holding inNova Paranoá, the leading com-pany in its field in Mercosur, toadd to the other two companiesof the Subgroup, Batz do Brasiland Maier. The latter companybegan to build a plant near SaoPaulo, at a cost of 12 millione u r o s. Production also started atthe company’s first plant abroadin Lichfield, close to Birminghamand negotiations started, which

will conclude early in 2001, withMasco Corporation for thetakeover of Chromeco, one of theleading British companies in thechrome-plating of plastic parts forthe automotive sector.

Batz culminated the investmentproject for its new productionfacilities occupying 8,000 m2 i nIgorre and won SEAT ’s Formel Qaward for its jacks and tool-kitsa c t i v i t y. This award was also giv-en to Cikautxo and FPK.

In order to have a specific centrefor the development of Automo-tive Modules, the companiesf o rming part of Mondragón Auto-moción BCM have set up Mod-utek. Batz and Maier have start e dto develop pedal modules at thisc e n t r e .

P ro m a u t o continued strengthen-ing its role in Mercosur, recordinga 38% increase in the overallsales of the companies in which ithas a holding in Brazil andArgentina and providing finan-cial support for new projects likethat of Nova Paranoá.�

José María AldekoaMCC Vice-president

Chief Executive - Automoción

18

Fagor Ederlan.

TAUTOMOTIVE

1999 2000

Sales 83,250 99,827500 600

Internat. Sales 53,301 62,727320 389

In millions of pesetasIn millions of Euros

he sales of this Divisionincreased by 17% and its

i n t e rnational sales by 19%,accounting for 64% of totalt u rn o v e r. Further advances havebeen made abroad with Eika set-ting up a plant in the CzechRepublic to add to those set upabroad by Copreci Mexico, Zer-co and Fagor Thailand.

Mondragón Componentes’ invest-ment totalled 48.3 million e u r o s,e a rmarked mainly to increase pro-duction capacity and for new pro-jects, including Manchalan, whereone hundred handicapped peopleassemble sub-units and electricalinstallations and manufacture plas-tic injection-moulded parts fordomestic appliances and the auto-motive sector. Tajo, Alecop andMondragón Componentes, togeth-er with the Once Foundation andTalleres Gureak all have a holdingin the company.

In R&D, the development of “newapplications for Magnetic Materi-als” stands out, using their trans-p o rt properties (magneto-resis-tance and magneto-impedance)as well as a “Therm o p h o t o v o l t a i cC o n v e rter” based on semiconduc-tors with different applications in anumber of sectors.

In White Goods, a strong boostwas given to business in the sub-s i d i a ry in Mexico and in the coun-tries of Eastern Europe and in thesale of washing machine compo-nents to China. A new electrically-operated pump was also success-fully launched for the US market.

In quality, Copreci obtained theGold Q, after having got morethan 500 points in accordancewith the EFQM Model andachieved ISO 14.000 Environ-mental Certification. The workdone on customer service borefruit with the winning of the “Sup-plier of the Year Award” fromBosch-Siemens Hausgërate.

In R&D, new heat sources basedon new material processes andadvanced control electronicsapplications for hobs and ovenswere developed. Electronic solu-tions were implemented in wash-ing appliances enabling the mostsuitable control algorithms to beused.

Home Comfort experienced asignificant 24% increase in salesand investment continued at asimilar rate to previous years,with 12.8 million e u r o s e a r-marked for improvements in pro-

duction capacity and the devel-opment of new products. The airheating and domestic boilerranges were extended, as wasthe gas safety range for the Asianmarkets. In R&D work was doneto develop components for low-emission boilers.

In E l e c t ro n i c s, an investmentplan to the value of 27.6 millione u r o s was approved for the four-year period 2001-2004 for theclean room and assembly, equip-ment for manufacturing chips andspecial products, new SMDassembly lines for manufacturingminiaturised components and theintensive application of informa-tion technologies.

This will enable own productionto be increased together withelectrical subcontracting for othercompanies, an activity that wasset up as a new business unit in2000. Another field worth high-lighting is home automation, withthe development of safety, com-munication and comfort systemsfor the intelligent home devel-oped by Fagor Electronica.�

José Luis OlasoloMCC Vice-president

Chief Executive - Components

19

1999 2000

Sales 52,141 60,888313 366

Internat. Sales 32,825 39,162197 235

In millions of pesetasIn millions of Euros

Copreci.

TCOMPONENTS

he sales of this division per-f o rmed very dynamically

again, with an increase of 34%compared to 1999.

In Lifts and Elevators, consol-idated sales increased by 30%,with both the domestic and inter-national markets perf o rm i n gwell. The rate of activity generat-ed was close to 40%, which ishigher than in 1999 both in pro-duction and assembly. The main-tenance business also performedwell.

On the international stage, therewas a 60% increase in exports.The Orona Group is now presentin more than 50 countries, withmore growth in Europe and Asia,thanks to the development of apolicy of getting closer to cus-tomers, creating identificationwith Orona and customer train-ing.

The high level of investment alsocontinued, with an increase inproduction capacity in the Her-nani plant to 7,000 lifts/yearand the takeover of new compa-nies. The subsidiary companiesas a whole recorded a 21%increase in turnover. The growthin the Group’s business units as awhole, enabled 205 new jobs tobe created.

Structures and Handlinggrew by 38%. Urssa started upits new plant in Júndiz, designedto deal with large scale projects.In the industrial building area,the Monomer and BPA buildings

for General Electric Plastics inCartagena, the factory buildingfor Mercedes-Benz in Barcelonaand the urban waste plant in Per-pignan were important projectsawarded to Urssa.

In public works, the bridge overthe River Tees in the United King-dom and the Abandoibarrabridge next to the GuggenheimMuseum in Bilbao stand out. Anumber of Portainer cranes werebuilt for six Spanish ports and forthe port of Southampton in theUnited Kingdom, as well as aboat lifting platform for the portof Peterhead in Scotland.

Ecotècnia recorded spectaculargrowth in its wind power activity,with a turnover of 75.4 millione u r o s compared to 37.9 millionthe previous year. Wind-poweredgenerators were supplied to anumber of wind farms with a totalpower of 173 megawatts, whichwas more than 20% of all thewind power installed in Spain in2000. The factory in Buñuel in

Navarra was inaugurated, aboost was given to the WindFarm promotion company, Ven-daval and, in the R&D area, a1,250 Kw wind-powered gener-ator was developed, the proto-type for which will be put intooperation in June 2001.

Biurrarena completed the firstyear of its agreement withHyundai with significant commer-cial success and promoted a newenvironmental business for themanufacture of sorting plants andcontainers. Rochman developednew high productivity packagingmachinery.

Construction Work andMaterials recorded overallgrowth of 34%, with the activi-ties of Lana standing out. Thiscompany started up its newthree-ply board plant and Vi c o nsaw a significant boost in thepromotion of homes. �

Jesús MaizteguiMCC Vice-president

Chief Executive - Construction

20

1999 2000

Sales 41,971 56,233252 338

Internat. Sales 5,631 6,39034 38

In millions of pesetasIn millions of Euros

CONSTRUCTION

T

Urssa

he perf o rmance of this divi-sion was once again excel-

lent, with a 29% increase int u rnover and a 53% increase ini n t e rnational sales, which account-ed for 60% of total business.Overall profitability was 11%,accompanied by good results inall the activities of the division.

Leisure and Sport grew by18%, thanks mainly to the dynam-ic 31% growth in intern a t i o n a lsales. Dikar- Wingroup consolidat-ed its companies in China, Brazil,United States and France. Eredusuccessfully continued to makeadvances on the intern a t i o n a lstage with 58% of sales comingfrom abroad.

Orbea continued its dual strategyof positioning itself in the mediumand high segments of the bicyclesector and competing in all worldmarkets, developing sales net-works, production facilities andi n t e rnational supplies. Foreigntrade, which increased by 53% in2000, accounted for 38% of thec o m p a n y ’s total turnover of 32.4million e u r o s.

Components and Te c h n i c a lE q u i p m e n t had another brillianty e a r, increasing sales by 35% totake them close to 246 millione u r o s. The dynamic perf o rm a n c eof Irizar should be stressed, withgrowth of 35% and intern a t i o n a lsales in excess of 75% of totalsales. This meant a high level ofa c t i v i t y, both on the productionlines at Ormaiztegi and in thec o m p a n y ’s plants in China, Brazil,

Mexico and Morocco. Thesecountries will be joined by Indiaearly in 2001, after the setting upof a joint venture with Ashok Ley-land and T. V.S., as a result of theintensive negotiations carried outover the year.

I r i z a r ’s road towards excellencereceived a high level of recogni-tion when the company wasawarded the “European QualityPrize” in the large company cate-g o ry at the Annual Forum of theEuropean Foundation for QualityManagement (EFQM). The workof three and a half years on thedevelopment of the new PB coachcame to fruition. Investment in thisproject accounted for more than18 million e u r o s. The coach willbe officially presented in February2 0 0 1 .

E d e rfil also had an excellent year,with a 45% increase in sales andstrong development on the Euro-pean market where the companyhas a sales presence in all coun-tries. For its part, Urola boosted

the take off of its machinery busi-ness, completing a range of PETand extrusion-blowing machinesthat will enable the company toincrease its presence abroad.

Industrial Serv i c e s c o n t i n u e dto make progress on the intern a-tional stage, where sales nowaccount for one third of totalt u rn o v e r. Danona and Elkar, inaddition to completing a goody e a r, worked on the intensiveapplication of computer and digi-tal technologies to the pre-printingprocess and set up a new compa-n y, Rotok, to tackle high circula-tion commercial rotary printing.The Correo Group and the Frenchcompany Geste Communicationare also participating in this pro-ject.

Oiarso and Osatu recorded sig-nificant growth of 23% and 65%r e s p e c t i v e l y, with a significant per-f o rmance abroad. Alkargo contin-ued to develop, Alecop part i c i p a t-ed in the creation of Manchalanand Coinalde intensified its workon its high range products. �

Iñaki OtañoMCC Vice-president

Chief Executive - Industrial Equipment

21

1999 2000

S a l e s 54,128 69,945325 420

Internat. Sales 27,365 41,927164 252

In millions of pesetasIn millions of Euros

INDUSTRIAL EQUIPMENT

T

Irizar

n a year characterised bythe dynamic nature of the

i n t e rnational market, the turn o v e rof this division increased by 17%,while international sales, includ-ing the production of plantsabroad, increased by more than32%.

In Domestic Appliances, Fagorrecorded an 18.2% increase insales, taking them to 843.6 millione u r o s, of which 40% correspond-ed to international sales which, int u rn, increased by 41% comparedto 1999. In this process, it is wort hhighlighting the first full year ofWrozamet as part of Fagor andthe creation of six new sub-sidiaries: Thailand, Malaysia, Chi-na, Great Britain, Holland andG e rm a n y.

Wrozamet consolidated Masterc-cok as the leading brand on thePolish market and facilitated theprogressive introduction of theFagor brand, especially in thebuilt-in market. In Morocco, it wasonce again an excellent year,with the position of leadership orco-leadership consolidated inrefrigerators, washing machines,cookers and water heaters. InArgentina, the profound econom-ic crisis and a fall of more then25% in the white goods markethas meant that our industrial pres-ence has had to be reconsidered,centralising production in SanLuis and co-ordinating marketingfrom Buenos Aires.

In Spain the fall in consumerspending led to a decline in the

demand for domestic appli-ances, which only increased by6.35%. Fagor, however, grewby almost 7%, which reinforcedits leadership in the sector, witha 24.7% market share, accord-ing to Anfel. All this in an espe-cially tough year, due to the firein the central warehouse in Vi t o-ria, which caused a lot of dis-ruption in business development.It was only possible to overcomethis thanks to the generousresponse of the workers and thegreat amount of supportreceived from customers and dis-t r i b u t o r s .

In the field of quality, Fagorachieved the Silver Q for its cook-ing appliance business, afterexceeding 400 points in anassessment based on the EFQMModel and obtained ISO 14.001Environmental Certification for itsGaragarza plant.

In F u r n i t u r e, there was a 14%increase in sales, taking the totalto 47.4 million e u r o s. A firm deci-

sion was taken to promote inter-nationalisation: Danona export e dmore than 51% and Coinmaincreased its foreign sales by28%. The two companies, togeth-er with three other office furn i t u r emanufacturers, started negotia-tions with an Indian part n e rBhayana Builders Pvt Ltd, to set upcommercially in India. This opera-tion will be finalised early in2001, with the creation of a jointventure on a 50:50 basis. Theresulting company, Coinma-India,with its headquarters in New Del-hi, forecasts sales of 1.2 millione u r o s for 2001, with annualincreases of 30% in successivey e a r s .

In Commercial Equipment,sales accounted for 92.5 millione u r o s, of which 32% were exportsales. Fagor Industrial increasedits foreign sales by almost 31%,set up a production facility inFrance and opened three newcommercial subsidiaries in Italy,Australia and Tu r k e y. The compa-ny also started a business to pro-duce products for food prepara-tion and distribution, which will bemarketed by Edesa Hostelera. �

Jesús CataniaMCC Vice-president

Chief Executive - Household Goods

22

1999 2000

Sales 146,901 171,516883 1.031

Internat. Sales 54,994 72,843330 438

In millions of pesetasIn millions of Euros

HOUSEHOLD GOODS

I

Danona

he activity of this divisionwas characterised by lev-

els of turnover similar to the pre-vious year and a high level oforders won to the value of 327million euros. This means thatthe prospects for 2001 areexcellent, with significant invest-ment planned in general term sin facilities and equipment.

Automation and Contro lrecorded a 28% increase in saleswith excellent performance in theEuropean and Latin Americanmarkets, especially Brazil, withpositions maintained in the Unit-ed States and Asia. The balancewas also important in the techno-logical area, with the completionof a number of Numerical Con-trol and Digital Readout projects.

The significant growth of the lastfew years and the forecasts for2001, when sales will be close to60 million e u r o s, have led to theconstruction of a new factorybuilding in Escoriaza, which willcome into operation in 2002.

In Forming Machinery, therecession in the machinery andindustrial equipment sector in1999 led to a fall in turnover.However, the year was very pos-itive due to the high level of neworders won, 51% higher than in1999, which will mean aincrease of more than 31% inturnover in 2001.

Another key aspect to the yearwas internationalisation, with for-eign sales accounting for 63% ofthe total and offices opened inChicago and Mexico. The aim isto have in 2001 larger offices in

the United States and Germany,to make possible collaboration indevelopment with customers, aswell as after sales service.

As far as the list of customers isc o n c e rned, it continues to beextensive and of high quality. Itincludes in the automotive sector:F o r d / Volvo, Vo l k s w a g e n / S e a t ,D a i m l e r- C h ry s l e r, Renault, PSAGroup, Opel/General Motors,BWW and Honda and in theancillary sector: Magna, Tower,Lear, Johnson Controls, Benteler,Gestamp, Tenneco and Valeo. Indomestic appliances: GeneralElectric/Mabe, Whirlpool/Fad-sa, Electrolux, Bosch-Siemensand Fagor and in the ancillarysector: Orkli and Eika. In the ironand steel sector: Thyssen Krupp,Corus, Aceralia/Arbed, Usinor,Gonvarri and Acerinox.

In Engineering and Consul-t a n c y, the most outstandingaspect of the year was also thehigh level of orders won, whichaccounted for 957 million e u r o s,an increase of 35% over the pre-vious year.

In 2000 a number of new busi-ness projects were also launchedlike I3S for the marketing of theERP Sap management softwarepackage; Indiser, with its head-q u a rters in Logroño, as an engi-neering company specialising inwineries and processes for thewine industry and MondragónConet, which is an Internet ser-vice provider, etc. together withthe dissemination of materialrelating to business manage-ment. �

José Ramón GoikoetxeaMCC Vice-president

Chief Executive - Engineeringand Capital Goods

23

1999 2000

Sales 42,246 42,127254 253

Internat. Sales 23,730 21,799143 131

In millions of pesetasIn millions of Euros

ENGINEERINGAND CAPITAL GOODS

Fagor Sistemas

T

here were two very differ-ent sides to the year. On

the one hand, the low level ofthe order books at the start ofthe year meant that the turn o v e rof the division, although 4%higher than forecast, would belower than in 1999. On theother hand, the significant num-ber of orders won, 31% higherthan in 1999, meant that theyear concluded with excellentprospects for growth in 2001.

Machine Tools ended theyear with order books wort h61.8 million euros, which is 15million euros more than in1999. This was a result of thesignificant 34% increase inorders won over the year.Tu rn o v e r, however was at 92%compared to 1999.

68% of the orders won werefrom abroad, of which threeq u a rters came from five highlysignificant countries: Germ a n y(21%), France (20%), Italy(18%), USA (8%) and Brazil( 6 % ) .

The increasing importance ofthe energy sector should bestressed, with orders from Gen-eral Electric worth 7.2 millioneuros, for machines for part sfor gas turbine generatorblades, for the multinational’splants in the United States andFrance. This multinational wasalso the leading customer in theaeronautical sector with ordersto the value of 8.4 millione u r o s .

As a result of this excellent col-laboration, General Electric gaveDanobat its “Excellent SupplierAward 2000” for the flexibilityshown when adapting to the cus-tomer’s production requirements,the quality of the machines sup-plied, the excellent commission-ing and training given to themachine users. Danobat is thefirst Spanish company to receivethis award.

In the area of customer service,Danobat and Ideko developed“Elcano”, an innovative tele-assis-tance solution, capable of realtime response, for the start up ofmachine tools and remote main-tenance with the help of moderninformation technologies, makingsignificant savings possible.

Woodwork Machinery,Tooling and Fixtures per-f o rmed well, with a 27%increase in turnover, a 51% risein exports and a 20% increase inorders compared to 1999. The

woodwork machinery activitiesof Egurko and Ortza merit a spe-cial mention, as their machiningcentres underwent a spectacular44% increase in demand.

Zubiola invested 0.7 millioneuros for the renovation of pro-duction equipment for the manu-facture of diamond tools,improving the NC in section pro-duction and doubling the pro-duction capacity for saw discs.Latz continued to improve itsposition in the sector. �

Antonio EcheverríaMCC Vice-president

Chief Executive - Machine Tools

24

1999 2000

Sales 25,845 25,180155 151

Internat. sales 15,645 13,98294 84

In millions of pesetasIn millions of Euros

Danobat

MACHINE TOOLS

T

25

DISTRIBUTION GROUP

000 was characterised bya slowdown in consumer

spending in the second half ofthe year, a continuation in thechange in consumer habits, withthe purchasing of durable goodsand services taking priority, andan increase in the amount offood consumed outside thehome, and the budget for thepurchase of food at homeremaining stagnant.

H o w e v e r, the regulations con-c e rning commercial activity thatrestrict the development of super-markets and hypermarkets havebeen maintained and evenextended by both central andregional government. This stancehas favoured the position of con-solidated companies, especiallythe multinationals in the sector,and increased competitionbetween the different retail outletf o rm a t s .

In this context, the followingwere the most important mile-stones in the compliance with theBasic Corporate Objectives onthe part of the DistributionG r o u p :

Customer Sat isfact ion.Among the new sales initiativesu n d e rtaken by the this Group in2000, the creation of the on-line sales channel should behighlighted. This started as apilot experience in Vitoria, withan Internet supermarket. Therange of products and serv i c e soffered to consumers in thelarge stores was extended, to

cover lines like jewellery, cul-ture, newspapers and maga-zines, telephony, regional prod-uct shops, etc.

A number of agreements werealso signed with associations ofstockbreeders and farmers inthe main autonomous communi-ties for the distribution and pro-motion of their products all overSpain. The Group has taken onthe role of being the first saleschannel to disseminate the highquality of these regional prod-ucts, backed by their respectivecontrol bodies.

Consumer information hasalways been an objective of theactivities of the Eroski Group. In2000, the Consumer magazinecontinued to be published on amonthly basis and two practicalconsumer guides were pub-lished: “18 Fine Arts Museums”and “Food and Health”, the lat-ter providing information about

the relationship between foodhabits and the quality of life ofc i t i z e n s .

In the agricultural-food area,work continued on strategic ori-entation for the production ofh e a l t h y, quality food. ISO9002 quality assurance cert i f i-cation was obtained for milkproduction, while in hort i c u l t u r-al production the share of prod-ucts of guaranteed origin andquality has increased signifi-cantly to account for more than50% of the total.

P ro f i t a b i l i t y. 2000 was apositive year for this Group, asall its businesses perf o rm e dwell. New activities were start-ed up and turnover increasedby 9%.

Work continued on the aim ofimproving the composition ofthe Group’s turn o v e r, with high-er growth in products with high-

26

Distribution Group

2

27

er margins like fresh produceand non-food items. This has ledto a 17% increase in profits,which is almost double theincrease recorded in sales.

I n t e r n a t i o n a l i s a t i o n .Although it operates mainly inSpain, the Distribution Group isalso present in France, throughits subsidiary Sofides, whichhas 3 hypermarkets and a chainof 19 supermarkets.

The Group is also a member ofthe Intergroup non-food pur-chasing group, located in Den-mark and which has offices inH o n g - K o n g .

D e v e l o p m e n t . The concentra-tion that the retail business isundergoing means that compa-nies must acquire sufficient sizeto be able to compete in a sec-tor in which volume greatlyd e t e rmines competitiveness.

Therefore, over the last fewyears the Eroski Group has initi-ated significant alliances withits partners to run and develops u p e rmarkets together.

At the same time, the Group hasopened new stores of its own; atrend that has continued in2000 as during the year 125new supermarkets, five hyper-markets and 25 travel agencybranches were opened.

The Distac, Disbor and Aundiachains of stores were also takeno v e r.

This expansion policy hasmeant a high level of invest-ment, to the value of 416 mil-lion e u r o s, 49% more than in1999. This has led to the cre-ation of 2,684 new jobs.

Social Concerns. As far associal responsibility is con-c e rned, mention should be madeof the campaigns to collect mon-ey to alleviate the humanitariandisaster in Mozambique, the col-lection of text books in collabo-ration with the CEAR Foundationand the VII Food Bank cam-paign.

As part of the campaign forresponsible consumption, theGroup has collaborated withthe Basque Government in themanagement of available fish-ing resources and with Interm o nin the sale of products that meetfair trade criteria. �

Constan DacostaMCC Vice-president

Chief Executive - Distribution Group

Workforce

19 9 8

20,182

2 0 0 0

25,008

19 9 9

22,324

I n v e s t m e n tIn millions of pesetasIn millions of euros

19 9 8

36,120217

2 0 0 0

69,361416

19 9 9

46,439279

Total SalesIn millions of pesetasIn millions of euros

19 9 8

498,2992,995

2 0 0 0

648,0463,895

19 9 9

595,7613,581

mong the initiatives relat-ed to new technologies,

the opening of an on-line super-market via the Internet for cus-tomers in Vitoria stands out. Thiswill be extended to other cities ifit turns out to be a positive expe-rience. This on-line channeloffers 8,000 basic products forthe home and its commercialfocus is in line with the Group’spolicy: competitive price andguaranteed quality in productsand service. Customers canr e t u rn any product and only payfor what they decide to purchasewhen the goods are delivered.

Another new thing during theyear was the opening of outletsfor financial products in hyper-markets in Bilbao and Madrid,offering four commercial prod-ucts: mortgage loans, personalloans, term savings accounts andfamily savings schemes, underthe Eroski name. In addition tothe economic advantages deriv-ing from the financial services ofthe Group, there are the longeropening hours of a hyperm a r k e t ,the rapid formalisation andavailability of the funds required,the Eroski guarantee and thebacking of Caja Laboral.

The improvement of what weoffer or its presentation via newchannels, was clear from theinstallation of a jewellery sectionin most hypermarkets, the signifi-cant improvement in productsrelating to culture and the instal-lation of a Regional Shop in alllarge centres. This regional shop

constantly offers products fromlocal farmers and small business-es, thereby contributing to thesale of these products and, there-fore, to the wealth and wellbeingof the area in which the store islocated.

In this context, two significantagreements were signed: the firstfor the marketing of lamb withthe Oviaragón co-operative fromAragón and the second for themarketing of olive oil under theNatur brand with the Andalusianagricultural co-operatives Oji-blanca (Málaga) and Cordoliva(Córdoba).

In terms of social responsibility,2000 was again a very intensiveyear for the Group. First of all,the Eroski Group Foundationwas set up. This foundation willbe responsible for consumeraffairs outside the co-operative

movement and channelling fundsfor education and inform a t i o npurposes. During the year,330,000 consumers attendededucation and information ses-sions. As in previous years, theConsumer magazine played ani m p o rtant role with a monthly cir-culation of 300,000 copies,together with an Internet edition.

Precisely to teach consumershow to use the Internet and toi n f o rm them about its role as faras new technologies are con-c e rned, educational activitieswere extended to this field withthe creation of the first on-lineConsumer School.

The social projection of theGroup was demonstrated bymeans of numerous actions insolidarity with those in need car-ried out during the year, amongwhich the following stand out:

28

EROSKI GROUP

A

29

the VIII national campaign to col-lect food for those in need car-ried out since 1997 with theSpanish Food Bank Foundation,in which more than half a billionkilos of food were collected,w o rth 0.75 million e u r o s.

As a result of the solidarityshown by consumers, 0.18 mil-lion e u r o s were collected forI n t e rm o n ’s activities in Mozam-bique, of which almost 0.14 mil-lion were provided by 48,000consumers and the rest by theEroski Group. Likewise, in col-laboration with the CEAR Foun-dation (in support of refugees),40,000 books were collected forrefugee children from Guinea inGabon, together with a donationof 0.6 e u r o s from Eroski fore v e ry book collected.

Fair trade campaigns were alsocontinued with the Intermon Foun-dation, for the sale of productsfrom Third World communities.

F i n a l l y, a special mention shouldbe made of the perf o rmance ofthe Viajes Eroski travel agency,which recorded a turnover of 96million e u r o s. It increased itschain of branches to 104 andwas also awarded a prize byIberia as well as another for sell-ing the most cruise holidays. �

or this agricultural-foodsubgroup the year contin-

ued the trend of significantgrowth seen in previous years,with an increase in turnover ofalmost 31%.

In catering, Auzo Lagun increasedits customer portfolio, traditionallylimited to the Basque AutonomousC o m m u n i t y, by expanding to the

neighbouring areas of Cantabria,Burgos and La Rioja.

In Navarra the company consoli-dated its presence, after thetakeover of Jangarria, achievinga position of leadership in thissegment of activity. The companyalso significantly increased itsmarket share in the Va l e n c i aa r e a .

As far as stockbreeding was con-c e rned, the strategic orientationaimed at the production ofh e a l t h y, quality food led to Behi-Alde obtaining ISO 9002 quali-ty certification for milk produc-tion. It was one of the first stock-breeders to do so in Spain.

In the horticultural area, the con-c e rn for the quality of theprocesses and the final productled to a significant increase inproducts of guaranteed origin.These now account for more than50% of the total. �

30

Auzo Lagun

ERKOP

F

31

RESEARCH, TRAINING AND EDUCATION

IKERLAN

n 2000, Ikerlan's totalincome accounted for

12.4 million e u r o s, of which8.3 million corresponded tocontracted R&D projects forcompanies. 3.3 million e u r o s,mainly provided by the BasqueG o v e rnment, were earm a r k e dfor strategic, pre-competitiveresearch.

The setting up of theMicrosystems Research Centre-CMIC stands out. This has beenset up together with theTechnical Research and StudyCentre of Gipuzkoa (CEIT) withthe support of MCC as anindustrial group interested inmicrosystems technology. ThisCentre also receives supportfrom the Regional Council ofG i p u z k o a .

As a result of the experienceacquired in the optimisation ofdesign and production process-es, a new business activity wasproposed, in collaboration withIbermática, engaged in the pro-motion of information manage-ment and product data manage-ment (PDM) systems. This projectwill come to fruition in the firstquarter of 2001.

Ikerlan also participated in sever-al work groups during thep r e p a r a t o ry phase for theBasque Government's Science,Technology and Innovation Plan2001-2004 and in the prepara-tion of several proposals forstrategic research programmesfor the same plan.

Ikerlan is also participating inDemotek, in order to researchand develop an innovative elec-tronic voting system. This is a pro-ject promoted by the BasqueGovernment, with the participa-tion of Ikerlan and several otherBasque research bodies andcompanies.

Ikerlan currently has two centres,where 166 researchers and tech-nicians work, in addition to 31scholarship holders: the maincentre in Mondragón, whichhouses Ikerlan-Mechatronics withthe "Electronics and Systems"and "Design and ProductionTechnologies" divisions andIkerlan-Energy, based in Miñano,in the Alava Technology Park. �

32

Research, Training and Education

Ikerlan

I

In 2000 and in line with the trendin previous years, a qualitativeleap forward was made, withincreasingly more complex pro-jects being tackled and moreinvolvement in Japanese andG e rman vehicle projects.

Income for the year totalled 5.6million euros, with a workforceof 110 people, mainly made upof senior engineers and techni-cians. For 2001, the prospectsfor MTC continue to be good,bearing in mind the growthforecast for the Maier Group. Itis planned to increase the work-force by 10 people andachieve a turnover of 6.6 mil-lion euros. �

MAIER TECHNOLOGY CENTRE (MTC)

TC is a Te c h n o l o g i c a lCentre specialising in the

research and development ofh e a t - f o rmed plastic parts andunits for the automotive, domesticappliance and consumer elec-tronics sectors.

It works on the basis of concur-rent engineering in close collabo-ration with its clients. Its activitiesinclude design processes, simula-tion, styling, manufacture of injec-tion moulds, industrialisation ofp a rts and the researching of newtechnologies applicable to itsw o r k .

exceeded 4.2 million euros,with 62% corresponding to pro-jects for companies and the restto medium- and long-termresearch projects. �

ny culture. All activity is nowfocused on customer serv i c e ,people satisfaction and theimprovement of the impact ons o c i e t y. Ideko's income in 2000

IDEKO

000 enabled Ideko tomake advances in the mas-

t e ry of the technologies whichthis Centre, specialising inMachine Tools, has establishedas being of strategic interest:improvement in machine reliabi-l i t y, mastery of high perf o rm a n-ce machining processes and theapplication of teleservice techni-q u e s .

In this context, Ideko took a stepf o rward in the development ofmachines that can carry outnew machining processes, withthe following standing out: thesolutions provided for themachining of magnesium part s ,grinding with superabrasivesand the high speed machiningof moulds and dies.

Likewise, the generalisation ofthe use of the Internet and theglobalisation of the machinetool market have opened upnew opportunities with theapplication of teleservice tech-niques, as machine breakdownscan now be dealt with any-where in the world, inform a t i o nabout machine maintenanceprovided to the user and techni-cal staff can collaborate fromdifferent parts of the globe infinding solutions to specificproblems.

The implementation of theCentre's management modelbased on processes has meanta significant change in compa-

33

M

2

MONDRAGONUNIBERTSITATEA

et up in 1997, MU is madeup of the Mondragón High-

er Polytechnic School, the Busi-ness Science Faculty in Oñati andthe Humanities and Education Sci-ence Faculty in Eskoriatza.

In academic year 1999-2000,there were 3,421 students, com-pared to 2,908 the year before,of which: 2,800 were taking firstand second level universitycourses, 85 were taking thirdlevel and postgraduate coursesand 536 were doing Senior Lev-el Training Courses. The overallbudget came to 17.6 millioneuros and investments accountedfor 2.6 million euros, with 327members of staff.

In its third year of existence as au n i v e r s i t y, MU continued to con-

solidate its offer of courses withnew degrees, both official andof its own. The following infor-mation is worth highlighting: thegraduation of the first students ofTechnical Engineering in Man-agement Computing, Engineer-ing in Industrial Organisationand Engineering in Automaticsand Industrial Electronics.

Two new degree courses werealso started in Industrial Engi-neering and Engineering inComputer Science, authorisationwas obtained to include a high-er degree in Language Psy-c h o p e d a g o g y, new degreecourses were designed in Te c h-nical and Higher Engineering inTelecommunications and officialrecognition was obtained forthird level courses in Automaticsand Industrial Electronics, Busi-ness Management and Adminis-tration.

M o r e o v e r, the first Masters coursein Telecommunications Systemswas started, specialising in Te l e m-atics, and in Business ProjectManagement. Four new post-graduate courses were alsodesigned: a Masters in CompanyManagement, a Masters in Inter-net Environment Systems Integra-tion, a Masters in Internet Envi-ronment Development and aMasters in Computer Systems forC o m p a n i e s .

In more qualitative terms, a newStrategic Plan was drawn up forthe next eight years. This estab-lishes the bases for the futuredevelopment of the University,with 16 strategic challenges hav-ing been identified, among whichthe following stand out: theMendeberri Educational Project,a trilingual linguistic project inBasque, Spanish and English forall students, a strengthening ofresearch capacity aimed atachieving an average of 50%dedication to research by teach-ing staff, the development of theuniversity campus-Garaia Innova-tion Centre and the policy ofopening up to other local areas. �

34

José María Arizmendiarrieta

S

CIM(Centro de Idiomas

Mondragón)

cademic year 1999-2000was positive in terms of

both qualitative and economicobjectives, with a 28.5% increaseover the previous year.

A new bai&by centre, man-aged by CIM, was opened inSan Sebastián in September1999 in which close to 500 stu-dents are studying English andBasque using this multimediasystem. In overall terms, CIMmet the language trainingrequirements of 3,750 studentsin its Centres in Mondragón,Oñati, Vitoria and SanS e b a s t i á n .

Club CIM was also set up, withclose to 600 members, forwhom a number of activitieswere organised during they e a r. �

POLITEKNIKA IKASTEGIATXORIERRI

uring the academic year1999-2000 Txorierri had

450 students within the statesystem. 3,815 hours of trainingwere given in 24 differentcourses, in the sphere of occu-pational and in-service training,with 295 people attending.

Seven students from the centredid ten weeks of practical train-ing in companies in Germ a n y,as part of the Heziketan pro-gramme, promoted byConfebask. Also, as part of theEuropean Leonardo pro-gramme, the "Matrifor" pilotproject was initiated dealingwith the design of self-form i n gmaterials for the die-makings e c t o r. This project is backedby the Basque Federation ofMetal Companies, and theMatrici co-operative and twoEuropean centres are part i c i-pating in it.

In the field of communications,mention should be made of thedesign and initial implementa-tion of an Intranet, the Portal ofwhich is being used to imple-ment Knowledge ManagementSystems, Meetings andObjective Deployment Systems,Quality Management Systems,Customer Service, etc. �

LEA-ARTIBAI

here was a significantchange in the courses

offered in 1999-2000 com-pared to previous years, as In-S e rvice Training aimed at work-ers is becoming more and morei m p o rtant, although the centre'smain activity continues to beTraining Cycles and the threetypes of school leaving exami-nation.

The consolidation of PolymerEngineering represented a sig-nificant milestone in the historyof the Centre, with the first 24students completing the courseafter having finished their pro-jects. They are now all workingin companies or in the Lea-A rtibai centre itself.

In addition to purely teachingactivities, mention should alsobe made of a number of busi-ness projects and the configura-tion of a structure to providebacking for this type of initia-tives, with the start up of theAzaro Foundation. �

35

A

D

T

OTALORA

n 2000, in the Manage-ment Training area, a new

Masters course in Co-operativeManagement was started with18 participants and the acade-mic support of the Business Sci-ence Faculty of MondragónU n i b e rtsitatea. Four seminars ofthe "Innovative ManagementCourse" were also given, with atotal of 120 hours on InnovativeManagement Tools. These wereattended by 90 people.

Likewise, a higher level coursecovering Distribution CompanyManagement was organised,with 16 participants. Work alsocontinued on the application ofthe Manager Ability Develop-ment System, which was usedby 100 people.

In the field of Co-operativeTraining, three "Ikas" courseswere organised for 45 post-graduates, the application ofthe "Ordezkari XXI" SocialBody Development System forG o v e rning Councils was initiat-ed and a number of seminarswere organised for SocialCouncil members and newmembers. A Welcome Systemwas also designed and a pilotapplication will be put intopractice this year.

In Internal Communication, inaddition to the monthly publica-tion of the T.U. Lankide maga-zine, two new editions of theI n t e rnal Communications Forumwere held to provide inform a-tion about different experiencesin the Co-operatives in thisarea. In the Sociological Stud-ies area, the People Satisfactions u rvey is still being applied inthe Co-operatives.

As far as Co-operative Dissemi-nation is concerned, inform a-tion continued to be givenabout the Co-operative Experi-ence, with close to 1,000 peo-ple visiting Otalora to find outabout the Mondragón Co-oper-ative Movement in situ. �

36

I

37

Financial Statements and Trading AccountOrganisational Structure

Company and Management Bodies

HEADING

ASSETSFixed 2,286 18.9 2,824 20.0 538 23.5Current 9,800 81.1 11,320 80.0 1,520 15.5

TOTAL ASSETS 12,086 100.0 14,144 100.0 2,058 17.0

LIABILITIESEquity 2,009 16.6 2,295 16.2 286 14.2Lagun Aro’s Net Worth 1,311 10.9 1,478 10.4 167 12.7External Partners 257 2.1 310 2.2 53 20.5Long term creditors 1,655 13.7 1,974 14.0 319 19.3Short term creditors 6,854 56.7 8,087 57.2 1,233 18.0TOTAL LIABILITIES 12,086 100.0 14,144 100.0 2,058 17.0

31.12.99

Amount % distr. Amount % distr. Amount %

31.12.00 Annual variation

his part of the Annual Report offers an overallview of Mondragón Corporación Cooperati-

va, by presenting the Corporation’s financial state-ments and trading account at the end of 2000.Likewise, a comparison of these figures with thosefor the previous year shows year-on-year develop-m e n t s .

The information given refers to the integrated Bal-ance Sheets for companies that make up the Cor-

poration, as well as the composition of Value Addedgenerated by them over the last two years.

To obtain these integrated statements, balancesreflecting operations between companies have beenoffset, and internal economic movements have beenremoved, in order to delimit the actual situation ofMCC as far as its outward appearance is con-c e rn e d .

38

MCC Financial Statements and Trading Account as at 31-12- 00

T

The Group that most contributed to this growth wasthe Financial Group, whose balance increased by1,232 million euros. All of this growth was recordedby Caja Laboral.

The most outstanding features of each heading of thebalance sheet of Mondragón CorporaciónCooperativa as at 31.12.00 are detailed below:

Fixed AssetsAt the end of 2000, MCC's fixed assets totalled2,824 million euros, after having increased by538 million euros (23.5%) during the year.

Total investment made during the year accountedfor 738 million euros, which was 41% higher thanthe previous year. Depreciations applied in 2000

BALANCE SHEET

MCC's Balance Sheet at 31.12.00 showed a total vol-ume of assets under administration of 14,144 million

e u r o s, an increase of 2,058 million e u r o s over the year,which is 17% in percentage term s .

Balance Sheet of Mondragón Corporación Cooperativa(After Distribution of Net Surplus) (millions of euros)

39

rose to 262 million euros, which is 13.9% morethan the figure recorded in 1999.

Current AssetsThe current assets heading is the largest element ofthe net worth of the Corporation and the one thatgrew the most last year, with an increase of1,520 million euros (15.5%).

81% of this increase came from the FinancialGroup, and was mainly due to Caja Laboral’sbank and interbank investment, which rose by 703and 492 million euros, respectively during they e a r.

In terms of growth this Group was followed by theIndustrial Group, which recorded an annualincrease in current assets of 263 million euros, dueto the increase in turnover and the incorporation ofnew companies. The headings that increased mostin this Group at the end of 2000 were Customersand Stock being Manufactured.

E q u i t yMCC's Equity was considerably strengthened in2000, having increased by 286 million euros(14.2%). This increase was due to the profitabilityfor the year, together with the demanding policyfor capitalisation of surplus, which is mainly rein-vested to self-finance development.

The most significant contribution to the aforemen-tioned increase came from the Industrial Group,which increased its consolidated equity by 165million euros, 58% of the MCC total. This was dueto the profits made over the year and the incorpo-ration of new co-operative members.

Of the 2,295 million euros of Equity at the end ofthe year, 983 million corresponded to ShareCapital and the remaining 1,312 million toR e s e rv e s .

Lagun Aro ’s Net Wo rt hLagun Aro’s Net Wo rth attributable to MCC, afterhaving separated the proportional part corre-sponding to members from outside theCorporation, totalled 1,478 million euros at

31.12.00. This was an increase of 167 millioneuros over the year, as a result of the capitalisationquotas and the excellent returns obtained

External Part n e r sIn the last few years MCC has combined intern a lgrowth with the development of new companies incollaboration with external partners, both on thedomestic market and on the international market.This has led to a gradual increase in the part i c i-pation of external partners in joint ventures.

The capital holdings of these external partners aremainly to be found in companies included in theconsolidated statements of the industrial co-opera-tives and the distribution sector, to which should beadded the proportional part of members of Lagun-Aro from outside the MCC co-operatives, men-tioned above. The total for external part n e r saccounted for 310 million euros at 31.12.00, anincrease of 20.5% over the year, although itsshare on the liabilities side only increased by onetenth to 2.2%.

Long-term liabilitiesThe balance of MCC funding from third part i e swith a period of maturity of more than one yearu n d e rwent growth of 319 million euros (19.3%) in2000, to total 1,974 million euros at the end ofthe year. 65% of the increase was in theDistribution Group, in tune with the considerableamount of investment carried out by this Group lasty e a r.

Most of these long-term liabilities correspond to theFinancial Group, mainly to term deposits belong-ing to Caja Laboral savers, and Lagun-Aro'sMatured Liabilities Reserve Fund (523 millioneuros at 31.12.00), which serves to meet obliga-tions contracted with members receiving capitali-sation benefits.

S h o rt-term liabilitiesThis balance sheet heading increased by 1,233million euros (18%) during 2000. 74% of thisgrowth was due to the Financial Group, mainlyowing to new savings attracted by Caja Laboral.Although it was not as sharp, the increase in the

HEADING

Value Added 1,967 100.0 2,094 100.0 127 6.4Personnel Costs (961) (48.9) (1,083) (51.7) (122) 12.6

Internal Yield 1,006 51.1 1,011 48.3 5 0.5Financial Costs (163) (8.3) (192) (9.2) (29) 17.9

Cash Flow 843 42.8 819 39.1 24 (2.8)Depreciations (230) (11.6) (262) (12.5) (32) 13.9

Operating Profit 613 31.2 557 26.6 (56) (9.1)Transfers and Other Income (59) (3.0) (49) (2.3) (10) (17.5)Lagun-Aro Tech. Int. Rate (94) (4.8) (103) (5.0) 9 9.8

Surplus on year 460 23.4 405 19.3 55 (11.9)

s h o rt - t e rm liabilities of the Industrial andDistribution Groups should also be highlighted,which increased by 15% in overall terms, in linewith the expansion in turn o v e r.

It should also be mentioned that, in addition toresources on the balance sheet, Caja Laboral hasa considerable amount of savings from third part i e schannelled through off-balance sheet savingsschemes, mainly unit trusts and pension and wel-fare plans. The balance of these schemes came to2,002 million euros at 31.12.00, although in line

with what has been happening in the sector overthe last two years, the trend was that of a gradualtransfer of savings from unit trusts to traditionaldeposit accounts.

VALUE ADDEDTo complete this commentary on MCC's BalanceSheet, the following table is offered in which acomparison is made of the financial statements forthe last two years, after being structured on thebasis of the composition of Value Added.

40

Value added generated by Mondragón Corporación Cooperativa(millions of euros)

1999

Amount % distr. Amount % distr. Amount %.

2000 Annual variation

The overall Value Added generated by MCC in2000 increased by 6.4% to total 2,094 millioneuros. The biggest part of this Value Added wasgenerated by the Industrial Group, which with 970million euros accounted for 46.3% of the total. Itwas followed by the Financial Group with 27.3%,with the remaining 26.4% corresponding to theDistribution Group.

The fall of 3.6 points in the share of the FinancialGroup compared to 1999 was due to the differ-ences in perf o rmance recorded by the financialmarkets over the two years, both in the case ofvariable income, with a 22% fall in the Ibex 35

in 2000 compared to an 18% rise in 1999, andin fixed income, with a rise in the interest ratesfor public sector borrowing at 10 years from anaverage of 4.7% in 1999 to 5.5% in 2000, withthe resulting negative effects on the value of thep o rt f o l i o .

Personnel Costs rose by 12.6%, due to the con-siderable creation of jobs in MCC. Wa g e saccounted for 51.7% of the Value Added gener-ated, which was an increase of 2.8 points com-pared to 1999. This was a result of the fall inincome of the Financial Group, as there was nosignificant variations compared to 1999 in the

HEADING

Company Tax 28 6,2 32 8,0Education and Coop. Prom. Fund 28 6,1 30 7,3Int. on Capital Cont. and Monet. Div. 50 10,7 69 17,0Capitalised Profit 354 77,0 274 67,7

Total Surplus on Year 460 100,0 405 100,0

other two Groups in the amount of value addedabsorbed by personnel costs, and also due to theincorporation of new companies, which meansthat the comparison between the two years is nottotally homogenous.

There was an upward trend in interest rates in2000, as monetary policy was aimed at counter-acting inflationary pressure deriving from vigor-ous economic growth and the rise in oil prices.This upward trend in interest rates was reflectedin MCC’s accounts, as Financial Costs increasedsignificantly by 17.9% compared to 1999. Thisincrease means that the amount of Value Addede a rmarked for Financial Costs rose by 0.9 pointscompared to 1999, to 9.2%.

Therefore, MCC’s cashflow accounted for 819million euros, with a moderate fall of 2.8% com-pared to the figure for 1999.

The depreciations recorded by MCC in 2000totalled 262 million euros, with year- o n - y e a rgrowth of 13.9%, as a result of the high levelof investment in the last few years. Although theIndustrial Group accounts for most of the overalldepreciations of MCC (48% of the total), it isfollowed very closely by the Distribution Group,whose depreciations account for 45% of the total.

After all the expenses have been deducted, aTrading Profit of 557 million euros was achieved,which was 9.1% lower than in 1999.

Non-trading income consists mainly of transfers toprovisions, minority partner interests and othernon-trading income, and actuarial adjustments onL a g u n - A r o ’s reserves. The figure for 2000 came to–49 million euros, which was 17% lower than thefigure for 1999.

Likewise, the trading profit is reduced by the appli-cation of the technical interest rate, which was5.2% at the end of 2000, to Lagun-Aro’s reserv e sin order to restate actuarial liabilities. As a result,the application of this technical interest rate meanta decrease of 103 million euros in the profits for2000, which is 9.8% more than in 1999.

Therefore, the Final Surplus on the year totalled405 million euros, which is a fall of 11.9% com-pared to the figure recorded in 1999. This wasdue to the poor perf o rmance of the financial mar-kets, in spite of which the figures were similar tothose achieved in 1998.

The following table briefly summarises how thisSurplus has been distributed, compared with1 9 9 9.

41

Distribution ofMondragón Corporación Cooperativa Surplus

(in millions of euros)

31.12.99

Amount % distr. Amount % distr.

31.12.00

The first three headings in the table refer to external payments. The last one covers the significant capitalisation ofthe remaining Surplus, in the form of co-operative dividends or reserve funds.

42

INDUSTRIAL GROUP

Presidency

General Council

CONGRESS

GENERAL COUNCILSTANDING COMMITTEE OF THE CONGRESS

C o n s t r u c c t i o n

C o m p o n e n t s

A u t o m o t i v e

Industrial Equipment

Household Goods

Engineering and Capital Goods

Machine To o l s

President: Otaegui, Juan Mª

Vice-president: Salegui, Francisco

Members: Alvarez, SantiagoAndrés, José LuisAnsoategui, Juan JoséArratibel, José LuisArrieta, Juan JoséDomaica, RamónEsnal, JokinGantxegi, JavierGarnica, AgustínGaztañaga, J. DomingoHerrera, MiguelLarramendi, José MªMarkaide, AgustínVillaescusa,Emilio

General Secretary: Celaya, Adrián

President: Cancelo, Antonio

Vice-president: Aldekoa, José MªCatania, JesúsDacosta, ConstanEcheverría, AntonioGoikoetxea, J.RamónMaiztegui, JesúsOlasolo, José LuisOtaegui, Juan MªOtaño, Iñaki

Officers: Gárate, José IgnacioGisasola, José MªHerrasti, Jesús MªLaspiur, Miguel AngelRetegui, JavierUzkudun, Juan Mª

General Secretary: Celaya, Adrián

O rg a n i s a t i o n a lStructure

Social and ManagementBodies

FINANCIALGROUP

DISTRIBUTIONGROUP

Research, Training and Education Centres

43

José Mª Aldekoa Jesús Catania Constan Dacosta Antonio Echeverría

Jesús Maiztegui José Luis Olasolo Iñaki OtañoJuan Mª Uzkudun

José Ignacio Gárate José Mª Gisasola Jesús Mª Herrasti Miguel Angel Laspiur

Javier Retegui Adrián Celaya

Juan Mª OtaeguiPresident of the

Congress

Antonio CanceloPresident of theGeneral Council

GENERAL COUNCIL

J.Ramón Goikoetxea

44

Banking

ARO LEASINGC/ Gran Vía 35-6º48009 Bilbao(Bizkaia)Tel.: 34 944 244 350Fax: 34 944 236 669

Activities:Financial leasingof capital equipment.

CAJA LABORALPº José Mª Arizmendiarrieta s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 719 500Fax: 34 943 719 778Servicio.de.Atencion.al.Cliente@cajalaboral.eswww.cajalaboral.es

Activities:Banking.

Insurance

LAGUN ARO VIDAC/Gran Vía 35-1º48009 Bilbao(Bizkaia)Tel.: 34 944 798 300Fax: 34 944 169 803

Activities:Life insurance.

SEGUROSLAGUN AROC/Gran Vía 35-1ºTel.: 34 944 798 300Fax: 34 944 169 803

Activities:General Insurance.

Previsión Social

LAGUN AROPº José Mª Arizmendiarrieta s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 790 100Fax: 34 943 793 531E-mail:[email protected]

Activities:Social welfare cover forco-operators.

BATZ SISTEMASBº Torrea 32-3448140 Igorre(Bizkaia)Tel.: 34 946 305 000Fax: 34 946 305 020E-mail:[email protected]

Activities:Assemblies, bodyworkassembly.Hand brake levers.Jacks. Pedal units. Rearaxles.

BATZ DO BRASILAvda. Eurico Ambrog2100 Taubaté SPEstado de Sao Paulo,BrasilTel. 00 55 122 86 1573Fax 00 55 122 86 1553Batz has a 50% holdingand Promoauto a 40%holding.

Activities:Jacks, brake levers, pedalunits.

CIKAUTXOBº Magdalena 2, B48710 Berriatua(Bizkaia)Tel.: 34 946 137 000Fax: 34 946 137 040E-mail:[email protected]

Activities:Injection moulded andovermoulded parts.Rubber mixes.

CIKAUTXO CZ.Letni,3867PSC 46801Jablone Nad NisouRepública ChecaTel. 00 42 042 8302224Fax 00 42 042 8302239E-mail:[email protected]

Activities:Rubber parts.

NOVA PARANOAAv. Casa Grande, 1.731Piraporinha- Diadema-Sáo PauloCEP 09961- 902 (Brasil)Tel. 005511- 4066- 6533Fax 005511- 4066- 6350E-mail:P a r a n o a @ v i s u a l b y t e . c o m . b rCikautxo and MCCInversiones each have a14% holding.

Activities:Rubber processing.

FAGOR EDERLANGaztanadui, 4220540 Eskoriatza(Gipuzkoa)Tel.: 34 943 719 000Fax: 34 943 719 001E-mail:[email protected]

Activities:Suspension arms. Knuckles.Mechanism casings. Clutchhousings.Gearbox covers.Discs. Drums. Calipers.Cylinder head coversDifferential gearboxes.Gearboxes.

FAGOR EDERLANDO BRASILRua Funchal, 263Sao Paulo (Brasil)Fagor Ederlan has a 51%holding.

Activities:Casting of automotive partsand components.

FUNDICIONESBRASILEIRASRodavia Fernao DiasMinas Gerais (Brasil)Tel.: (35) 343 52 211Fax:(35) 343 58 248E-mail:F b @ f u n d i c a o b r a s i l e i r a . c o m . b rFagor Ederlan has a 51%holding.

Activities:Casting of automotive partsand components.

FAGOR EDERLANBORJAPol. Barbalanca, s/n50540 Borja (Zaragoza)Tel.: 34 976 869620Fax: 34 976 869642E-mail:a . l a z a r o @ b o r j a .f a g o r e d e r l a n . e sFagor Ederlan has a100% holding.

Activities:Automotive assemblies.

GALDANPol. Ibarra, s/nAlsasua, NavarraTel.: 34 948 563 675Fagor Ederlan has a 50%holding.

Activities:Aluminium die casting.

AUTOMODULOSParque Tecnológico,Ed. 10348170 Zamudio(Bizkaia)Tel.: 34 944 209 370Fax: 34 944 209 369

Activities:Complete axles for cars.

Financial Group Industrial Group

List of MCC Companies

AUTOMOTIVE

45

AUTOMODULOSARAGONPolígono Barbablanca50540 Borja(Zaragoza)Tel.: 976 866 077Fax: 976 866 078E-mail:a u t o m o d u l o s . a r a g o n @ w a n a d o o . e s

Activities:Assembly of automotivecomponents.

FIT AUTOMOCIONBarrio San Juan, s/nApdo. 8020570 Bergara(Gipuzkoa)Tel.: 34 943 769 044Fax: 34 943 769 156MCC Inversiones andFagor Ederlan have a66% holding.

Activities:Manufacture of brakecalipers.

FPKBº San Antolín, 1648170 Zamudio(Bizkaia)Tel.: 34 944 523 605Fax: 34 944 522 156E-mail: [email protected] Inversiones has a50% holding.

Activities::Plastic assembly supports.Engine covers. Noise shields..LUZURIAGATAFALLATafalla (Navarra)Tel.: 34 948 700 250Fax: 34 948 702 054E-mail:[email protected]

Activities:Cylinder blocks and headsfor engines.

LUZURIAGAUSURBILC/ Txiki-Erdi20170 Usurbil(Gipuzkoa)Tel.: 34 943 370 200Fax: 34 943 365 564

Activities:Brake housings andsuspension arms.

MAIERPol. Ind. Arabieta, s/nApdo. 10348300 Gernika(Bizkaia)Tel.: 34 946 259 200Fax: 34 946 259 219E-mail:[email protected]

Activities:Plastic injection moulding.Die making. Finishes: chrome-plating,screen-printing, heatengraving, painting, laser, etc.

MAIER NAVARRAPolígono Ind. Elordi, s/n31979 Iraizotz-Ultzama(Navarra)Tel.: 34 948 309 210Fax: 34 948 309 333E-mail:[email protected]

Activities:Plastic injection moulding.

MAIER UKChaserwater HeathsIndustrial AreaAttwood RoadBurntwoodWest Midlands WS7 8GJ(Reino Unido)Tel.: 00 44 1543277460Fax: 00 44 1543278752E-mail:[email protected] has a 60% holdingand MCC Inversiones a40% holding.

Activities:Plastic injection mouldingand finishing.

CHROMECOLichfield RoadBrownhillsWest Midlands WS8 6LH(Reino Unido)Tel.: 00 44 1543 453333Fax: 00 44 1543 575402Maier has a 60% holdingand MCC Inversiones a40% holding.

Activities:Plastic injection mouldingand finishing.

FERROPLASTPolígono “A Granxa”Parcela 2, Rua 136400 Porriño(Pontevedra)Apdo. 601536210 VigoTel.: 34 986 342 020Fax: 34 986 342 999E-mail:[email protected] has a 51%holding.

Activities:Thermoplastic injectionmoulding.

MAPSACtra. Echauri, 1131160 Orcoyen(Navarra)Apdo. 100231080 PamplonaTel.: 34 948 325 011Fax: 34 948 325 323E-mail:[email protected]

Activities:Manufacture of aluminiumwheel rims.Manufacture of water pumphousings.Low pressure and gravitycast aluminium parts.

PROMOAUTOPortal de Gamarra, 40Apdo. 62801080 VitoriaTel.: 34 945 129 100Fax: 34 945 129 110MCC inversiones has a50% holding.

Activities:Development of automotiveparts.

PROMOAUTOCOMPONENTESAv. Eurico AmbrogiSantos, 2.100Distrito IndustrialPiracangagua12042-010 Taubaté-Sao Paulo (Brasil)Tel.: 00 55 12 36276000Fax: 00 55 12 36276002E-mail:[email protected] Inversiones has a40% holding.

Activities:Manufacture of machinedcomponents.

COAISAAv. Monseñor PabloCabrera, 4.8115008 Córdoba(Argentina)Tel.: 00 54 351 4760006Fax: 00 54 351 4762082E-mail:[email protected] Inversiones has a40% holding.

Activities:Manufacture of enginecradles.

GIASAAv. Monseñor PabloCabrera, 4.8075008 Córdoba(Argentina)Tel.: 00 54 351 4762101Fax: 00 54 351 4762082E-mail:[email protected] Inversiones has a40% holding.

Activities:Engineering, manufactureand implementation ofassembly and welding lines.

MASAAv. Monseñor PabloCabrera, 4.8095008 Córdoba(Argentina)Tel.: 00 54 351 4762092Fax: 00 54 351 4767329E-mail:[email protected] Inversiones has a40% holding.

Activities:Design and manufactureof dies.

CONSONNIBº Trobika, s/n48100 Munguía(Bizkaia) Apdo. 35Tel.: 34 946 156 331Fax: 34 946 156 281E-mail: [email protected]

Activities:Heating elements forwashing appliances, waterheaters, central heatingequipment, small domesticappliances and industrialuse.

COPRECIAvda. de Alava, 3E-20550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 71 94 99Fax: 34 943 79 23 49E-mail:[email protected]

Activities:Taps and thermostats for gascookers, ovens and hobs.Electrically operated pumps,timers, pressure switches,thermostats and electroniccontrols for washingmachines and dishwashers.Transformers for microwaveovens. Components for gasheaters. Thermostats forwashing machines,convectors and electricovens.

COMPONENTS

46

COPRECI MEXICOC/Uno, nº 736 Z.I.GuadalajaraJalisco-México 44940Tel.: 52 36 610 6065Fax: 52 36 610 6046E-mail:[email protected] has a 75%holding.

Activities:Manufacture of taps andsafety systems for domesticgas applications.

ZERCOKomenského 274793 68 Dvorce uBruntáluCzech RepublicTel.: 420 646 74 54 92Fax: 420 646 74 54 95E-mail:[email protected]

Activities:Manufacture of taps andsafety systems for domesticgas applications.

EIKAEtxebarriaApdo. 20E-48270 Markina(Bizkaia)Tel.: 34 946 167 732Fax: 34 946 167 746E-mail:[email protected]

Activities:Shielded heating elements.Electric hotplates. Heatersand touch controls for glassceramic hobs.

CZEIKA S.R.O.Prúmyslová, 3143/5Prostejov (Rep. Checa)Participada al 100% porEika

Activities:Manufacture of domesticappliance components.

FONDEIK S.R.O.Nádrazní, 50 Hlubocky-Mariánské Üdolí 783 66(Rep. Checa)Tel.: 00 420 685067560Fax:00 420 685067800E-mail:[email protected] has a 60% holdingand MCC has a 40%holding.

Activities:Casting

EMBEGAPol. Industrial, s/nApdo. 63E-31200 Estella(Navarra)Tel.: 34 948 54 87 00Fax: 34 948 54 87 01E-mail:[email protected]

Activities:Decorative metal trims.Printed gaskets.Membrane switches.

FAGORELECTRONICABº San Andres, s/nApdo. 3320500 Mondragón(Gipuzkoa)Tel.: 34 943 71 25 26Fax: 34 943 71 28 93E-mail:[email protected] c . s a l e s @ f a g o r e l e c t r o n i c a . e sw w w. f a g o r e l e c t r o n i c a . c o m

Activities:Discrete semiconductors foraxial and SMD surfacemounting. HYPERECTIFIERtechnology. Systems foranalog and digital TVreception: Receivers,Modular, Amplifiers,satellite dishes...Distribution components.Home systems. Electronicsubcontracting: regulationand control circuits for thedomestic appliance andautomotive sectors.

MATZ-ERREKABº de Ibarreta, s/nE-20577 Antzuola(Gipuzkoa)Tel.: 34 943 78 60 09Fax: 34 943 76 63 75E-mail:[email protected] w w. m a t z - e r r e k a . m c c . e s

Activities:Plastic injection.Fixing elements. Automationequipment for doors andshutters.

ORKLICtra. ZaldibiaE-20240 Ordizia(Gipuzkoa)Tel.: 34 943 80 50 30Fax: 34 943 80 51 85E-mail: [email protected]

Activities:Safety components,Regulation and Control forcentral heating systems,domestic hot water andfluids. Thermoelectric safetysystems for gas: domesticappliances: electromagneticunits and thermocouples.

TAJOPolígono Ind.Aranguren s/nBº ArraguaE-20180 Oiartzun(Gipuzkoa)Tel.: 34 943 26 00 00Fax: 34 943 49 13 63E-mail:[email protected]

Activities:Plastic injection. Mouldconstruction for plasticinjection.

Sistemas deLifts andelevators

ORONAPol. Ind. Lastaola20120 Hernani(Gipuzkoa)Tel.: 34 943 551 400Fax: 34 943 550 047E-mail:[email protected]

Activities:Manufacture and installationof lifts and escalators.Maintenance and repair oflifts and escalators.Manufacture and installationof spatial structures andenclosures. Installation andmaintenance of pedestriand o o r s .

Structuresand Handling

BIURRARENAPol. BidebitarteDonostia Ibilbidea, 28Apdo. 88720014 Astigarraga(Gipuzkoa)Tel.: 34 943 554 350Fax: 34 943 555 360

Activities:Machinery and After SalesService (Public works andforestry)Maintenance and industrialsupply.(Maintenance management,marketing of hydraulic andpneumatic material,assembly of structures andinstallations).

ECOTÈCNIAAmistat, 23-1º08005 BarcelonaTel.: 34 932 257 600Fax: 34 932 210 939E-mail:[email protected]

Activities:Design, manufacture andmaintenance of wind-powered generators andwind farms.

ECOTÈCNIANAVARRAPol. Ind. de Buñuel,Parcela G.131540 Buñuel(Navarra)Tel.: 94 883 20 12Fax: 94 883 20 59E-mail:[email protected] w w. e c o t e c n i a . c o mEcotècnia has a 25%holding.

Activities:Assembly of wind-poweredgenerators.

CALDERERIATORRES ALTAMIRASuzana, s/n.Pol. Ind. de Bayas, 13509200 Miranda de Ebro(Burgos)Tel.: 93 225 76 00Fax: 93 221 09 39E-mail:[email protected] w w. e c o t e c n i a . c o mEcotècnia has a 40%holding and MCCInversiones has a 30 %holding.

Activities:Manufacture of towers forwind-powered generators.

CONSTRUCTION

List of MCC Companies

47

VENDAVALPROMOCIONESEOLICAS, S. A.Amistad, 2308005 Barcelona(Barcelona)Tel.: 93 225 76 00Fax: 93 221 09 39E-mail:[email protected] w w. e c o t e c n i a . c o mEcotècnia has a 40%holding and MCCInversiones has a 20 %holding.

Activities:Promotion of Wind farms.

ROCHMAN48210 Ochandiano(Bizkaia)Tel.: 34 945 450 075Fax: 34 945 450 257E-mail:[email protected]

Activities:Rollways. Handlinginstallations.Packaging and wrappingmachines.

URSSACampo de los PalaciosApdo. 28401006 Vitoria (Alava)Tel.: 34 945 135 744Fax: 34 945 135 792E-mail:[email protected] w w. j e t . e s / u r s s a

Activities:Engineering, manufacture ofmetal structures.

ConstructionWork andMaterials

ETORKIPol. Ind. Murga, 1601479 Murga-Aiala(Alava)Tel.: 34 945 399 072Fax: 34 945 399 223E-mail:[email protected]

Activities:Pine boards and planks.

LANAC/ SantxolopeteguiAuzoa, 2420560 Oñati(Gipuzkoa)Tel.: 34 943 780 111Fax: 34 943 783 222E-mail:[email protected]

Activities:Formwork boards. Boardsfor furniture. Three-plyboards. Boards for structuraluse.

VICONPadre Larroca, 320001 San Sebastian(Gipuzkoa)Tel.: 34 943 270 300Fax: 34 943 273 047Elgeta(Gipuzkoa)Tel.: 34 943 789 022Fax: 34 943 789 024E-mail:[email protected]

Activities:Buildings and homes.Industrial premises.

Leisureand Sport

DIKARUrarte Kalea, 26Apdo. 193(Pol. Ind. San Lorenzo)20570 Bergara(Gipuzkoa)Tel.: 34 943 765 548Fax: 34 943 760 814E-mail: [email protected]

Activities:Muzzle-loading weapons.

SHANGHAI DIKARLEISURE ANDSPORTS EQUIPMENTMengjing, Village,Huangdu TownJinding District, ShanghaiP.R. ChinaTel.: 8621 59594169Fax: 8621 59594769

WINGROUPApartado 168Amillaga, 2820570 Bergara(Gipuzkoa)Tel.: 34 943 769 056Fax: 34 943 769 178

Activities:Camping, exerciseequipment and tools.

WINGROUPAMAZONIAAvda. Buriti,5940 ManausAM-BrasilTel. 00 52 92 6154545Fax 00 52 92 6154747

Activities:Sports equipment and tools.

EREDUOla Auzoa, 420250 Legorreta(Gipuzkoa)Tel.: 34 943 806 100Fax: 34 943 806 374E-mail: [email protected]

Activities:Metal furniture foroutdoor use: countryside,beach and garden.Modern furniturefor indoor use.

ORBEAPol. Ind. Goitondo48269 Mallabia(Bizkaia)Tel.: 34 943 171 950Fax: 34 943 174 397E-mail:[email protected]

Activities:Bicycles.

Te c h n i c a lC o m p o n e n t sand Equipment

EDERFILPol. Industrial, s/n20250 Legorreta(Gipuzkoa)Tel.: 34 943 806 050Fax: 34 943 806 349E-mail:[email protected]

Activities:Electric conductors.

HERTELLPoligono Industrial, s/n20267 Ikastegieta(Gipuzkoa)Tel.: 34 943 653 240Fax: 34 943 653 332E-mail:[email protected]

Activities:For the agricultural sector:Depressors. Valves.Reducers, accessories.Water pumps and milkingpumps.

IRIZARSan Andrés, 620216 Ormaiztegi(Gipuzkoa)Tel.: 34 943 809 100Fax: 34 943 889 101E-mail: [email protected]

Activities:Luxury long- and medium-distance coach bodywork.

IRIZAR BRASILBotucatu, BrasilTel.: 55 14 8213336Fax: 55 14 8213735Irizar has a 100%holding.

Activities:Coach manufacture.

IRIZAR TUS, LTD.Trichy Road, Viralimalai621316 Tamil Nadu(India)Tel.: 00 91 4339 20393Fax: 00 91 4339 20236E-mail:[email protected]

Activities:Coach bodywork.

IRIZAR MAGHREBOulja, Km 0.300Sal-e - MoroccoTel.: 212 7 81 01 15Tel.: 212 7 81 01 13Irizar has a 34% holding.

Activities:Coach manufacture.

IRIZAR MÉXICOParque Ind. Be rn a r d oQ u i n t a n aParcelas 7 al 12-M a n z a n a 1 4Municipio El MarquésQ u e r e t a r o - M é x i c oTel. 00 52 42 382500Fax 00 52 42 215395E-mail:p m e n d i z a b a l @ i r i z a r. c o m . m xIrizar has a 100%holding.

Activities:Coach manufacture.

TIANJIN IRIZARCOACH218 Hong QiNankai DistrictTianjin (China)Tel.: 86 022 761 3041Fax: 86 022 761 3345Irizar has a 36% holding.

Activities:Coach manufacture.

INDUSTRIALEQUIPMENT

48

UROLAUrola-Kalea, s/nApdo. 320230 Legazpia(Gipuzkoa)Tel.: 34 943 737 003Fax: 34 943 730 926E-mail:[email protected]@urola.comwww.urola.com

Activities:Construction of blowingmachines for themanufacture of hollowthermoplastic bottles.Manufacture of blowingmoulds. Plastic extrusion.Plastic injection moulding.Plastic blowing. Plasticinjection moulding-blowing.

IndustrialServices

ALECOPLoramendi, s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 712 405Fax: 34 943 799 212E-mail:[email protected]

Activities:Technical educationalequipment. Prefabricatedelectrical installations.

MANCHALANAv. Castilla La Mancha,1119171 Cabanilla delCampo (Guadalajara)Tel.: 949 337525Fax: 949 337526E-mail:[email protected], Tajo andComponentes deElectrodomesticos yElectronicos, S.Coop.each have a 20%holding.

Activities:Assembly of electricalinstallations for domesticappliances. Assembly of carparts. Manufacture of plasticparts for domesticappliances.

PRODESOUribe Auzoa, 10202500 Mondragón(Gipuzkoa)Tel.: 34 943 712 630Fax: 34 943 711 717E-mail:[email protected]

Activities:Education and trainingsystems. Consultancy andtechnical assistance ineducation. Teachingmaterial. Technologicalresearch centres. Companycreation and innovationcentres. Generalconsultancy.

ALKARGOBº Belako, s/nApdo 10248100 Mungia (Bizkaia)Tel.: 34 946 740 004Fax: 34 946 744 417E-mail:[email protected]

Activities:Distribution transformers.Medium-power transformers.Autotransformers. Dryencapsulated transformers.

COINALDEConcejo, 1001013 Vitoria(Alava)Tel.: 34 945 264 288Fax: 34 945 253 997

Activities:Nails. Wire. Metal mesh.

ELKARLarrondo BehekoEtorbidea, Edif. 448180 Loiu(Bizkaia)Tel.: 34 944 535 205Fax: 34 944 535 776E-mail: [email protected]

Activities:Industrial catalogues. Books.Advertising leaflets. AnnualReports. Magazines.Graphic products in general.

LITOGRAFIADANONAAstigarragako Etorbidea,320180 Oiartzun(Gipuzkoa)Tel.: 34 943 491 250Fax: 34 943 491 660E-mail: [email protected]

Activities:Catalogues. Magazines.Books. Posters. Leaflets.Annual Reports.

ROTOK INDUSTRIAGRÁFICAPol. Industrial Txirrita-Maleo. Pabellón 1120100 Renteria(Gipuzkoa)Tel.: 34 943 344 614Fax: 34 943 524 767E-mail: [email protected] Inversiones has a37% holding and Keslan,Danona and Elkar a 38%holding.

Activities:Rotativa.

OIARSOBº Zikuñaga, 57-FPolígono Ibarluze20128 Hernani(Gipuzkoa)Tel.: 34 943 335 020Fax: 34 943 335 210E-mail:[email protected]

Activities:For the health sector:Infusion equipment.Transfusion equipment.Catheters. Epicraneals.Enteral nutrition. Parentaralnutrition. Accessories andconnectology. Probes.Anaesthesia equipment. AntiAIDS kit.

OSATUTravesía de Padure, s/n48240 Berriz(Bizkaia)Tel.: 34 946 225 399Fax: 34 946 225 391E-mail:o s a t u @ o s a t u . c o mw w w. o s a t u . c o m

Activities:For the health sector:Monitors. Single or three-channel electrocardiographs.Defibrillators. Ergometers.Spirometers. Ultrasoundscanners.

D o m e s t i ca p p l i a n c e s

DOMUSABº San Esteban, s/n20737 RégilAptdo. 95 - 20730 Azpeitia(Gipuzkoa)Tel.: 34 943 813 899Fax: 34 943 815 666

Activities:Individual boilers.

EDESACervantes, 4548970 Basauri(Bizkaia)Tel.: 34 944 491 200Fax: 34 944 495 096www.edesa.mcc.es

Activities:White goods.

FAGORELECTRODOMESTICOSBº San Andrés, 18Apdo. 4920500 Mondragón(Gipuzkoa)Tel.: 34 943 719 100Fax: 34 943 796 881E-mail:f a g o r e l e c t r o d o m e s t i c o s @m c c . e sw w w. f a g o r e l e c t r o d o m e s t i co s . m c c . e s

Activities:Cookers. Ovens. Extractorfans. Microwave ovens. Airconditioning. Fridges andfreezers. Washing machines.Dryers. Dishwashers. Waterheaters. Boilers. Storageheaters. Kitchen units andkitchenware.

HOUSEHOLD GOODS

List of MCC Companies

49

FAGORELECTRONICS(THAILAND) LTD.Wellgrow IndustrialEstate82 Moo 5 Bangna- TradHighway Km. 36Bangsamk-BangpakongChachoengsao24180(Thailand)Tel.: 00 66 38 570089 (90)Fax: 00 66 38 570091E-mail:f a g t h a i @ l o x i n f o . c o . t hFagor Electronica has a100% holding.

Activities:Manufacture of electroniccomponents.

EXTRAELECTROMENAGERAvenue Hassan IIMohammediaBP 179 - MoroccoTel.: 212 3 32 74 12Fax 212 3 32 74 25Fagor Electrodomésticoshas a 100% holding.

Activities:Manufacture of domesticappliances.

GEYSER GASTECHBº San Juan s/nApdo. 15120570 Bergara(Gipuzkoa)Tel.: 34 943 769 004Fax: 34 943 767 136Fagor Electrodomesticoshas a 50% holding.

Activities:Gas water heaters.

MC LEANValentín Gomez, 1511706 HaidoBuenos Aires (Argentina)Tel.: 54 11 4489 8989Fax: 54 11 4489 8988E-mail:[email protected] Electrodomesticosand MCC Inversioneshave a 50% holding.

Activities:Manufacture of domesticappliances.

WROZAMETUl. Zmigrodzka 14351-130 WroclawPoloniaTel. 00 48 71 3244542Fax 00 48 71 3253363E-mail:[email protected] Inversiones andFagor Electrodomesticoshave a 75.96% holding.

Activities:Manufacture of domesticappliances.

F u r n i t u r e

COINMAVitoriabidea 4-Z.I.Ali - Gobeo01010 Vitoria (Alava)Tel.: 34 945 241 616Fax: 34 945 240 637E-mail:[email protected]/coinma

Activities:Wooden office furniture.

COINMA INDIA41, Sector 18, UdyogVihar, Gurgaon122001 Haryana(India)Tel.: 91 124 6348245Fax: 91 124 6346870E-mail:c o i n m a i n d i a @ s a t y a m . n e t . i nw w w. i n t e r i o r s e s p a n i a . c o m

Activities:Marketing of furniture forthe home and office.

DANONAAnardi Area, 2Apdo. 4220730 Azpeitia(Gipuzkoa)Tel.: 34 943 815 900Fax: 34 943 151 481E-mail:[email protected]

Activities:Veneered and melaminelounge furniture.Veneered and melaminedining room furnitureVeneered and melaminebedroom furnitureVeneered and melaminechildren’s bedroom furnitureUpholstered sofas.

C o m e r c i a lEquipmen

FAGORINDUSTRIALSantxolopetegui, 22Aptdo. 1720560 Oñati(Gipuzkoa)Tel.: 34 943 718 030Fax: 34 943 718 181E-mail:[email protected]

Activities:300 to 3,000 dishes/hourdishwashers.Glass washers. 7-10-14-25-50 kg. washing machines.Ranges. Brat pans.Convection and combisteamers (gas and electric).Fryers. Fry-tops.Commercial refrigeration.

FAGOFRICtra. Córdoba-Málagakm. 814900 Lucena(Córdoba)Tel.: 34 956 516 179Fax: 34 957 515 621Fagor Industrial has a51% holding.

Activities:Domestic appliances.

KIDEPol. Gardotza, s/n48710 Berriatua(Bizkaia)Tel.: 34 946 833 510Fax: 34 946 833 133E-mail:[email protected]

Activities:Insulated panels and doorsfor coldrooms, cold storesand miniboxes.

Automation andControl

FAGORAUTOMATIONBº San Andrés s/nApdo. 14420500 Mondragón(Gipuzkoa)Tel.: 34 943 799 511Fax: 34 943 791 712E-mail: m a r k e t i n g - i n f o @faborautomation. mcc.esw w w. f a g o r a u t o m a t i o n . m c c . e s

Activities:Numerical controls. Digitalreadouts. Linear and rotarytransducers. Feed andheadstock regulators. Feedand headstock motors.

Ingenieeringand Consultancy

DIARAPol. BasabeEdif. Oficinas EO 13-1420550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 771 015Fax: 34 943 790 587E-mail:[email protected]

Activities:Product design. Packagingdesign. Graphic design,corporate image.

ENYCAAvda. La Cerrada, 3739600 Maliaño(Cantabria)Tel.: 34 942 261 096Fax: 34 942 260 506E-mail:[email protected], MSI and MCChave a 66.66% holding.

Activities:Telecommunicationsengineering.

MONDRAGONCONETIturroz, 21 bajo20500 Mondragón(Gipuzkoa)Tel.: 943 712 727Fax: 943 711 750E - m a i l :c o n e t @ c o n e t i o n . c o mwww.conetion.comwww.krisol.comAIC has a 62% holdingand MCC Desarrollo a38% holding.

Activities:Connection services.

LKS CDEEGeneral Arrando, 40-3º28010 MadridTel.: 34 913 191 299Fax: 34 913 198 102E-mail:[email protected], LKS, S.Coop. havea 73% holding.

ENGINEERING ANDC A P I TAL GOODS

LKS CONSULTORIAPº José Mª Arizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 770 335Fax: 34 943 771 012E-mail:[email protected]

Activities:Consultoría: Consulting.Management Advice.Specific solutions. Trainingin Strategy, Quality andContinuous improvement,Marketing, Organisationand Human resources,Industrial Engineering andlogistics, Economic-Financialmatters. Account auditing.

LKS CINYMAPlaza Europa, 5º- 1º B15707 Santiago deCompostela( A Coruña)Tel.: 981 566 299Fax: 981 558 435E-mail:[email protected], LKS and LKSIngeniería have a 60%holding

Activities:Engineering andConsulting.

LKS IAMMAlmda. Doctor Areilza,56 -1º Centro48010 BilbaoTel.: 944 702 080Fax: 944 701 107 E-mail:[email protected] has a 60% holding.

Activities:Market research.

LKS INGENIERIAPº José Mª Arizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 770 335Fax: 34 943 793 878E-mail:l k s . i n g e n i e r i a @ m c c . e sw w w. l k s . i n g i e n e r i a . m c c . e s

Activities:Consulting in engineering.Property valuations. CivilEngineering. Building.

LKS INTELCOMPlaza Larrín, nº120550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 451Fax: 34 943 712 351E-mail: [email protected] Ingenieria, ENYCAand AIC have a 100%holding.

Activities:Design and implementationof communication networks.

LKS TASACIONESPol. Basabe, Edificio F20550 Aretxabaleta(Gipuzkoa)Tel.: 943 712 100Fax: 943 797 735E-mail: t a s a c i o n e s @l k s i n g e n i e r i a . e sw w w. l k s . e sLKS Ingenieria has a90% holding.

Activities:Property valuation. Propertyadvice. Propertymanagement.

LKS STUDIOAlmagro, 15 - 5ª planta28010 Madrid(Madrid)Tel.: 917 022 474Fax: 917 022 475E-mail: s@ l k s s t u d i o . c o mLKS Ingenieria and AIChave a 60% holding.

Activities:Project and buildingmanagement.

INDISERPlaza AlférezProvisional, 3 entreplanta26001 Logroño(La Rioja)Tel.: 941 221 318Fax: 941 226 558E-mail:indiser@indiser. c o mLKS Ingenieria has a55% holding.

Activities:Winery projectengineering.

MSIMONDRAGONSISTEMAS DEINFORMACIONAma kandida, 21(Denac)20140 Andoain(Gipuzkoa)Tel.: 34 943 594 400Fax: 34 943 590 536E-mail:[email protected]@msi.mcc.es

Activities:Computer systems andservices.

I3SPlaza del Museo,1-3º48009 BilbaoTel.: 34 944 241 993Fax: 34 944 238 348MSI, MCC Inversionesand AIC have a 51%holding.

Activities:Consultancy and sale ofcomputer services.

ONDOANParque Tecnológico Edif. 101 módulo C48170 Zamudio(Bizkaia)Tel.: 944 522 313 Fax: 944 521 047E-mail:[email protected]ón en Gipuzkoa:Polígono Basabe, F0520550 Aretxabaleta(Gipuzkoa)Tel.: 943 771 587Fax: 943 771 684E-mail: [email protected]

Activities:Design and development of:Engineering projects andsite management, carryingout and maintenance ofgeneral installations,emergency and self-protection plans andturnkey systems.Environmental Consultancyand Advice Service.Occupational HazardPrevention Consultancy andAdvice Service.Maintenance and Repair ofgeneral installations inindustrial buildings andservices.

ONDOANSERVICIOSParque Tecnológico Edif. 101 módulo C48170 Zamudio(Bizkaia)Tel.: 944 522 270Fax: 944 521 047Ondoan, S. Coop. has a100% holding.

Activities:Installation maintenancemanagement.

SEILe Forum64116 Bayonne CEDEX(Francia)Tel.: 33 559 580 000Fax: 33 559 580 199E-mail:[email protected] and AIC have a100% holding.

Activities:Computing and softwaredevelopment.

Metal Forming

AURRENAKVitorialanda 15Ali - Gobeo01010 VitoriaTel.: 34 945 244 850Fax: 34 945 246 912E-mail:[email protected]

Activities:Tooling for different ironand aluminium castingtechnologies in theautomotive sector.

BATZTROQUELERIABº Torrea 32 - 3448140 Igorre(Bizkaia)Tel.: 34 94 6315 707Fax: 34 94 6315 566E-mail:[email protected]

Activities:Die manufacture.

50

List of MCC Companies

51

FAGORARRASATEBº San Andrés, 20Apdo. 1820500 Mondragón(Gipuzkoa)Tel.: 34 943 719 999Fax: 34 943 799 677E-mail:[email protected]

Activities:Presses and stampingsystems.Strip processing systems.Welded tube and sectionmanufacturing systems.Transfer, progressive andconventional dies.Engineering and consulting.

FAGOR SISTEMASPolígono IndustrialBasabe, pab. E.Apdo. 19820550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 080Fax: 34 943 712 210E-mail:f a g o r. s i s t e m a s @ s a r e n e t . e s

Activities:Automatic assembly systems.Robotics.

CIMA ROBOTIQUEParc d‘activités lePradinesOrangeFranceTel.: 33 49 0111 660Fax: 33 49 0511 878Fagor Sistemas has a99% holding.

Activities:Study and design ofautomatic assembly systems.

ONA-PRESPol. IndustrialUgaldeguren IIBº San Antolín, s/n48170 Zamudio(Bizkaia)Tel.: 34 944 523 808Fax: 34 944 523 980E-mail:[email protected]

Activities:Hydraulic presses.

Machine Tools(Cutting)

DANOBATArriaga kalea, 21Apdo. 28E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 740 250Fax: 34 943 743 138E-mail:[email protected]

Activities:Grinding machines: CNC,cylindrical, exteriors andinteriors, flat surfaces, bridgeand special for theaeronautical sector.Lathes: CNC, lathe centres,vertical. Automatic handling.

D+S SISTEMASArriaga Kalea, 1Apdo. 80E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 050Fax: 34 943 743 767E-mail:[email protected]

Activities:Special machinery. Specialand transfer machines.Flexible machining lines.

ESTARTARECTIFICADORAC/ Autonomía, 1Apdo. 147E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 743 705Fax: 34 943 741 758E-mail:[email protected]

Activities:Construction of centrelessgrinding machines.

GOITIArriaga Kalea 1Apdo. 80E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 323Fax: 34 943 748 144E-mail:[email protected]

Actividad:CNC sheet metal punchingmachines.CNC punching machineswith shears included.Laser cutting machines.Automatic press brakes andflexible bending andpunching systems.Punching tools.

LEALDEBarrio Cortazar, s/nApdo. 11I-48288 Ispaster (Bizkaia)Tel.: 34 946 844 004Fax: 34 946 844 130E-mail:[email protected]

Activities:Horizontal CNC lathes.Vertical CNC lathes.

SORALUCEBº OsintxuB-20570 Bergara(Gipuzkoa)Tel.: 34 943 748 050Fax: 34 943 765 128E-mail:[email protected]

Activities:Moving column millingcentres. Fixed bed CNCmilling machines. Machiningcentres. Radial drillingmachines.

Machinery forWood, Toolingand Fixtures

DOIKIPol. Ind. Goitondo 548269 Mallabia(Bizkaia)Tel.: 34 943 171 600Fax: 34 943 174 273E-mail:[email protected]

Activities:Dimensional verificationtooling. High precisionmechanics. Electronic,pneumatic and mechanicalgauges. Machining fixtures.

EGURKOBasusta Bidea, 9Apdo. 2520750 Zumaia(Gipuzkoa)Tel.: 34 943 860 100Fax: 34 943 143 107E-mail:[email protected]

Activities:Machinery for wood. Edgeveneering machines.Profiling machines.Combined veneering +profiling machines. Sandingmachines.

LATZAvda. de los Gudaris,s/nApdo. 5620140 Andoain(Gipuzkoa)Tel.: 34 943 592 512Fax: 34 943 591 391E-mail:[email protected]

Activities:Standard HSS, HSSCo andsolid carbide drills. SpecialHSS, HSSCo and solidcarbide tools.

ORTZAPol. Areta, s/n31620 Huarte-Pamplona(Navarra)Tel.: 34 948 330 438Fax: 34 948 330 002E-mail:[email protected]

Activities:Machinery for wood.Equalising and sectioningsaws. Machining centres.

ZUBIOLABº Landeta, s/n20730 Azpeitia(Gipuzkoa)Tel.: 34 943 157 056Fax: 34 943 150 026E-mail:[email protected]

Activities:Tools for wood: HSS drills.MD drills. HSS millingcutters. MD milling cutters.Discs. Cutter heads.Window units. Cutters.

MACHINE TOOLS

Distribution

CONSUMAvda. de Espioca, s/n46400 Silla (Valencia)Tel.: 34 961 974 050Fax: 34 961 974 092E-mail:[email protected]

Activities:Retailing of consumerproducts in small and largestores: Fruit and vegetables,meat and cold meats, fish,dairy products, groceries,drinks, frozen food, cleaningmaterials and householdgoods, textiles, domesticappliances, leisure articles,do-it-yourself, sound andvision, kitchenware.

EREIN COMERCIALPol. Ibur Erreka, s/nApdo. 24220600 Eibar (Gipuzkoa)Tel.: 34 943 208 544Fax: 34 943 208 [email protected]

Activities:Marketing of food productsto the catering trade andcollectives.

EROSKIBº San Agustín, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 211 211Fax: 34 946 211 222E-mail:[email protected]

Activities:Retailing in small and largestores: Fruit and vegetables,meat and cold meats, fish,dairy products, groceries,drinks, frozen food, sundriesand cleaning materials,textiles, domestic appliances,leisure articles, do-it-yourself,sound and vision,kitchenware, travel andpetrol.

ERAMARESTAURACIÓNCentro ComercialGarbera, local 6820015 Donostia(Gipuzkoa)Tel.: 34 943 394899Fax: 34 943 401388E-mail: e r a m a . s s @b e z e r o a k . e u s k a l t e l . e sEroski has a 50% holdingand Auzo-Lagun has a50% holding.

Activities:Catering.

FORUM SPORTBº Kortederra, s/n48340 Amorebieta(Bizkaia)Tel.: 34 946 300 094Fax: 34 946 300760E-mail:[email protected] Eroski Group has a52% holding.

Activities:Shopping and SportsCentres.

EROSMERBº San Agustín, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 211 211Fax: 34 946 211 222The Eroski Group has a78,07% holding.

Activities:Retailing of consumerproducts in large stores.

A g r i c u l t u r a l - f o o d

AUZO-LAGUNUribarri Auzoa, 1320500 Mondragón(Gipuzkoa)Tel.: 34 943 794 611Fax: 34 943 794 366E-mail:[email protected]

Activities:Catering. Cooked dishes.Cleaning of buildings andpremises.Complete service for thehealth care sector.

COMISLAGUNPadre León, 9Alaquas- ValenciaTel.: 34 961 988 016Fax: 34 961 515 907E-mail:[email protected] has a 73.4%holding.

Activities:Catering for groups.Complete service for healthcare sector.

JANGARRIAKatuarri, 20Ansoain- NavarraTel.: 34 948 140 192Fax: 34 948 131 892Auzo-Lagun has a 100%holding.

Activities:Catering for groups.Complete service for healthcare sector.

BARRENETXEOkerra, 748270 Markina (Bizkaia)Tel.: 34 946 168 143Explot. Berriatua:Tel.: 34 946 139 157Explot. Etxeberria:Tel.: 34 946 166 173E-mail:b a r r e n t x e @ l o g i c c o n t r o l . e s

Activities:Horticulture in greenhousesand the open air.

BEHI-ALDEOlaeta-Aramaiona(Alava)Apdo. 44 (Mondragón)Tel.: 34 945 450 100Granja: 34 945 450 100

Activities:Milk. Livestock for breedingand meat.

MIBACtra. Etxebarria, s/n48270 Markina(Vizcaya)Tel.: 34 946 167 884Fax: 34 946 167 886Olaeta-Aramaiona(Alava)Granja:34 945 450 259

Activities:Compound feeds. Smallagricultural machinery.Fertilisers and seeds.Phytosanitary products.Veterinary service.

UNEKELBarriada de Berrio, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 167 884Fax: 34 946 167 886

Activities:Breeding of rabbits.

ResearchCentres

IDEKOArriaga kalea, 2Apdo. 8020870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 000Fax: 34 943 743 804E-mail:[email protected]

Activities:Development of andinnovation in machine toolsand systems. Productdevelopment. Improvementof production processes.Technical support.Technology monitoring.

IKERLANJosé María Arizmendiarrieta, 2Apdo. 14620500 Mondragón(Gipuzkoa)Tel.: 34 943 771 200Fax: 34 943 796 944E-mail:[email protected]

Activities:Contracted R&D projects forthe development of newproducts or for theimprovement of productionprocesses.Mechatronics: electronicsand technical design andproduction systems.Energy: rational use ofenergy, renewable energy.

52

RESEARCH,

EDUCATION AND

TRAINING CENTRES

Distribution Group

List of MCC Companies

53

MODUTEK, S. COOP.Edificio, 105Parque Tecnológico48170 Zamudio(Bizkaia)Tel.: 946 420 9601Fax: 946 420 9602E-mail:[email protected] has 6.6%holding, Maier a 26.7%holding, Batz a 16.7%holding and FundaciónMCC a 50% holding.

Activities:Automobile moduleengineering anddevelopment centre.

MTCMAIER TECHNOLOGYCENTREPol. Ind. Arabieta48300 Gernika(Bizkaia)Tel.: 34 946 259 265Fax: 34 946 259 258E-mail:[email protected]

Activities:Research and developmentin automotive assembliesand components made withthermoplastics. Developmentof new technologies.

Education andTraining Centres

ARIZMENDILarrin Plaza, 120550 Aretxabaleta(Gipuzkoa)Tel.: 943 793 132Fax: 943 797 922E-mail:[email protected]

Activities:Education.

CIM (AHIZKE)Avenida de Alava, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 712 055Fax: 34 943 712 181E-mail: [email protected]

Activities:Language training.Translation and interpretingservice.

ETEOESCUELA UNIVERSITARIAESTUDIOS EMPRESARIALESLarraña, 3320560 Oñate(Gipuzkoa)Tel.: 34 943 781 311E-mail:[email protected]

Activities:Training in businessadministration.

GOIERRIGranja Auzoa, s/n.20240 Ordizia(Gipuzkoa)Tel.: 943 880 062Fax: 943 880 176E-mail:b u l e g o a @ g o i e r r i e s k o l a . o r g

Activities:Education.

IRAKASLE ESKOLA20540 Eskoriatza(Gipuzkoa)Tel.: 34 943 714 157Fax: 34 943 714 032E-mail:[email protected]

Activities:University Teacher TrainingCollege.

LEA-ARTIBAIAvda. Jemein, 1948270 Markina(Bizkaia)Tel.: 34 946 167 552Fax: 34 946 166 674www.leartik.com

Activities:Technical education.

MONDRAGONESKOLAPOLITEKNIKOAC/Loramendi, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 794 700Fax: 34 943 791 536E-mail: [email protected]

Activities:Technical education.

MONDRAGONUNIBERTSITATEAC/Loramendi, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 794 700Fax: 34 943 791 536E-mail: [email protected]

Activities:University education.

OTALORAPalacio OtaloraBarrio Aozaraza s/n20550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 406Fax: 34 943 712 338E-mail:[email protected]

Activities:Co-operative and businesstraining.

TXORIERRIPOLITEKNIKA IKASTEGIAUntzaga Ibaia kalea, 148016 Derio (Bizkaia)Tel.: 34 944 544 000Fax: 34 944 544 003E-mail:[email protected] w w. e d u c a n e t . n e t / t x o r i e r r i

Activities:Technical education.

Support Bodies

FUNDACION MCCArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632E-mail: fundació[email protected]

Activities:Promotion of the socialeconomy.

MCCINVERSIONESArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632

Activities:Company promotion.

MCC DESARROLLOPº José MaríaArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632w w w. m o n d r a g o n . m c c . e sMCC Inversiones andCaja Laboral have a23.75% holding.

Activities:Company promotion.

MCC NAVARRAAvda. Carlos III, 36-1ºPamplona(Navarra)Tel.: 34 943 421 942Fax: 34 943 421 943MCC has a 25%holding.

Activities:Company promotion.

MCC SUSTRAIArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 77 93 00Fax: 34 943 79 66 32

Activities:Property management.

InternationalServices

MCCINTERNACIONALArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632E-mail: [email protected]

Activities:International businesspromotion.

MONDRAGONBEIJINGRoom 9267, GoldenLand Building32 Liang Ma QiaoRoad, 10016,Beijing, P.R.C.Tel.: 8610 6464 3681-5Fax: 8610 6464 36 80

Activities:Commercial services.

MCC BRASIL-LUCROAlameda JoaquimEugénio de Lima696 Conj. 33CP 01403-901Sao Paulo - BrasilTel.: 5511 289 50 83Fax: 5511 289 5879E-mail:[email protected]

Activities:Commercial services.

MCC INDIA1110, eleventh Floor,International TradeTowerNehru Place,110019 - New Delhi,IndiaTel.: 0091-11-6221964Fax: 0091-11-6231612E-mail:[email protected]

Activities:Commercial services.

MONDRAGÓNZAGROSArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 354Fax: 34 943 796 632E-mail: [email protected]

Activities:Commercial services.

SUPPORT BODIES

AND

INTERNATIONAL

SERVICES

Mondragón, 25 May 2001