Source: SEINSA Corporation announcement
NAVARRE, Spain — The Minister of Economic and Business Development of Navarra recently visited the Eugi and Egüés Plants of SEINSA Corporation. The company is an important asset within an industrial sector that represents 33 percent of the GDP of the Autonomous Community. The Group, Europe’s leader in the manufacture of brake, transmission, steering and suspension system components, employs 300 people and exports to 85 countries around the world.
Mikel Irujo, Minister of Economic and Business Development, wanted to learn about the team and the progress of a company recognized as one of the most innovative in its field. Seinsa has had a sustained double-digit turnover growth in the last five years, thanks to its commitment to a business management model that guarantees comprehensive and sustained innovation, based on the development of the creative talent of all its human capital.
The Government of Navarre is committed to industry as a way to achieve sustainable growth, in line with the objectives set by Europe.
SEINSA READY TO CONTINUE GROWTH
“From the pandemic we have learned the importance of the proximity market and it is with price that I visit the Navarrese company SEINSA, which has achieved control of the entire manufacturing cycle of the product, from the raw material to its distribution, without depending on suppliers from other markets. A perfect case of Made in Navarra,” said Irujo.
The spare parts sector in Spain is going through a good moment, with a hope of an increase in activity in 2022 of around 4 percent and the crisis of microchip supplies that has favored companies such as Seinsa. The Group now undertakes the challenge of sustainability in the automotive components sector, making a maximum commitment and effort to continue investing in new technologies.
To achieve this, it has designed an ambitious investment and development plan based on automation, digitalization and artificial intelligence to ensure growth and boost Industry 4.0. Seinsa pursues the European objectives of respect and environmental recovery, becoming the main European supplier for manufacturers of remanufactured brakes of automotive spare parts and, on the other hand, incorporating photovoltaic energies to all its production plants both in Navarra and India.
Minister Irujo stressed that “the company’s plans and strategy are fully aligned with the Smart Specialization of Navarra, S4. Sustainability, digitalization and Industry 4.0, remanufacturing of parts as a niche for innovation and energy efficiency through renewables.”
The visit took place at the Egüés and Eugi plants, with a tour of the entire production chain, accompanied by Pilar Irigoien, managing director of Sodena, Mikel Azcárate, director of the Strategic Development and New Business area and José Antonio Espinosa, general director of Seinsa Corporation, who concluded the event announcing the celebration of the “50th anniversary of SEINSA, a tribute to trust,” on April 25 in Navarra.
European model based on people
Minister Irujo has also recognized the “commitment to a new business culture that goes through integral innovation through the development of its own talent and efficiency through the available resources that characterizes the Navarrese industry.”
SEINSA Corporation has an expansion plan to grow by 40 percent during the next three years, multiplying its annual sales volume, which exceeded €30 million in 2021, despite and against the forecasts of the automotive sector in general. 98 percent of the Navarrese company’s sales correspond to exports for 85 brands from 85 countries.