Items filtered by date: July 2017
Carbures has received a team from Channel 8 of RTVCL in the plant of El Burgo de Osma (Soria), to cover the latest news about both the facilities and the extension which is being carried out. This factory has world high technology for the production of long series of composite parts for the automotive sector, as well as a section for short series.
Since the beginning of this year the plant has the two most important certifications at the international level in the automotive and railway sector. ISO/TS 16949: 2009 in the first case, and the IRIS (Interational Railway Industry Standard). This is what makes it possible for Carbures to be operating with the main agents and manufacturers.
Carbures Aerospace and Defense has formalized its strategic alliance with Grupo Aristrain, one of the most important investors in the Spanish industrial market. Carbures’s Chairman, Rafael Contreras, has signed a contract with Aristrain that would concede a loan that would reach the amount of 25 million euros. Carbures voluntarily could make this credit effective in a due date of 12 months, following the normal conditions of this kind of operations.
The agreement has been closed by Inversiones Industriales Txindoki Company, owned by Aristrain Group, so this new industrial partner would obtain a seat at Carbures’s Director Board.
Nowadays the Company has the support of institutions and its customers trust. This is due to the fact that Carbures has improved its financial situation since the beginning of the year, resulting in a debt reduction of about 50%, and an activation of cash flow lines from the banks. Aerospace and Defense’s programs are totally guaranteed and the investments present in Carbures business plan have the necessary support. This agreement implies a confirmation and an endorsement of Carbures strength.
Carbures Mobility moves forward in its objective to lighten the weight of cars and to contribute to a more sustainable economy. This Carbures division is involved in ESFERA –a project focusing on the concept and engineering of a new hybrid super structure much functional and lighter for future vehicles- whose conclusions will be absolutely relevant for this economic sector. The person responsible for this project said so in the third edition of the Industrial 4.0 Summit in Vigo (Spain) last week.
ESFERA is an acronym for “idea and development of a new hybrid super structure much functional and light for future vehicles” in Spanish. This project is coordinated by a company called Plastic Onmium and relies on the participation of PSA Group, Tromosa and Ledisson AIT. ESFERA counts with the collaboration of CTAG (Technological Automotive Center in Galicia) and with the support of the Spanish Ministry of Economy, Industry and Competitiveness. It is co-financed by the Structural Funds from the European Union.
The speeches that both the President of Carbures, Rafael Contreras, and the CEO, Borja Martínez-Laredo, offered at the General Meeting of Shareholders held last week are available. The Board, which took place last June 29, was attended by 59 shareholders, owners of 124,894,222 shares, which represent 58.94% of the Company's capital stock. The approval of the consolidated annual accounts with its subsidiaries for the year 2016 was one of the main points of the day.
In his speech, our President, Rafael Contreras, spoke about the great moment that the Company is experiencing thanks to the consolidation of its divisions - Aerospace & Defense, Mobility and Civil Works - and the challenges Carbures faces today. For his part, the CEO of the Company, Borja Martínez-Laredo, was in charge of explaining the accounts and the results obtained last year.