CORREA GROUP TO BUILD ITS MACHINING SUBSIDIARY IN BURGOS ESTE

The Correa Group has invested 1.5 million euros in the acquisition of a 21,000 square metre plot in the Burgos Este industrial estate, adjacent to its parent company, where it intends to build the facilities of its new subsidiary: Correa Mecanizado S.L., created with the dual objective of performing structural parts machining tasks for the entire company and showcasing to customers what it considers will be the model “factory of the future”.

So states the notification issued by the Correa Group to the Spanish National Securities Market Commission (CNMV), which also states that the main machinery to be installed will be self-manufactured milling machines which will features “all the attributes of 4.0 manufacturing, promoting automation, digitalisation and the integration of all processes associated to machining”.

The new subsidiary will be located on a 21,000 square metre plot purchased this week, which is located in the Burgos Este industrial estate, alongside the current facilities of the parent company.

80% of the plot is developable surface, in fact, there are currently several buildings that will be demolished to make way for the new project.

 Source: Diario de Burgos