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fagor industrial

Mondragon Group considers opening business parks in Russia and Morocco

Foreign business currently contributes an annual turnover of 3.4 billion to the Basque Group, but its executives want more, aware that future growth will come from emerging countries. Industrial estates in these markets is the formula Mondragon Corporation has chosen to facilitate the implementation of its cooperatives, as the majority of them are SMEs (more precisely, 68 out of 89 of them). Only a few, such as Fagor Electrodomésticos or Orona, have the appropriate business volume to grow overseas on the basis of their own strengths. Read more

Mondragon Corporation to set up an industrial estate in India

The Mondragon Corporation group, with its headquarters in the Basque Country, has announced its plans to set up an industrial estate in Pune, a city in the western Indian state of Maharashtra (India).

To date, three clients have announced their intention to set up business at the Mondragon plant: Danobat Group, that will open its production facilities in December 2011; Kide, a manufacturer of insulation panels for warehouses and industrial refrigeration units; and Fagor Industrial. Read more