2004 Annual Report

Contents

Highlights 5

Message from the President 6

FINANCIAL GROUP 9 • Caja Laboral 12 • Lagun-Aro 14 • Seguros Lagun-Aro 15

INDUSTRIAL GROUP 17 • Automotive 20 • Components 21 • Construction 22 • Industrial Equipment 23 • Household Goods 24 • Engineering and Capital Goods 25 • Machine Tools 26 • Industrial Systems 27

DISTRIBUTION GROUP 29 • Distribution 30 • Agro-food 33

RESEARCH, TRAINING AND EDUCATION 35 • Research Centres 36 • Training and Education Centres 39

Financial Statements and Trading Account 44

Employment at the MCC 48 • The MCC in Spain 48 • The MCC worldwide 49

Organisational Structure 50

Social and Management Bodies 51

List of MCC Companies 52

3 Certificates and Awards

ollowing on from previous years, a number of MCC activities won external recognition in 2004 in the F quality and business management field: Fagor Industrial and Fagor Electrodomésticos’ Small Domestic Appliances Business Unit were awarded the Gold Q by Euskalit, whilst Geyser-Gastech, Fagor Electrodomésticos’ Kitchen Unit Business Unit and the Eroski Groups Fresh Produce Depot won the Silver Q.

Likewise, Caja Laboral Navarra won the Navarra Foundation Prize for Quality and on the international stage, Fagor Electrodomésticos’ Cooking Appliance Business Unit won the Latin American Foundation Prize for Quality Management.

Moreover, 6 co-operatives were awarded ISO 14.000 Environmental Certification, which means that the MCC has 38 certificates in this field, with the “European Environment Prize” won by Orkli for its Management in terms of Sustainable Development standing out.

The table of awards, certificates and prizes for Quality and Business Excellence at the MCC was as follows at 31 December 2004:

1 European Prize for Business Excellence won by Irizar. 1 finalist in the EFQM Prize: Fagor Cooking Appliances 1 Latin American Prize for Quality Management: Fagor Cooking Appliances 1 European Environment Prize won by Orkli 4 Euskalit Gold Qs: Caja Laboral, Copreci, Fagor Small Domestic Appliances and Fagor Industrial. 14 Euskalit Silver Qs: Fagor Electrónica, Orkli, Eroski PGM, Ulma Packaging, Soraluce, Fagor Electrodomésticos Washing Appliances, Seguros Lagun Aro, Mondragón Goi Eskola Politeknikoa, Politeknika Ikastegia Txorierri, Lea Artibai Ikastetxea, CIM Fagor Kitchen Units, Geyser Gastech and the Eroski Group’s Fresh Produce Depot. 4 EMAS registrations: Danobat, Fagor Ederlan, Fagor Electrodomésticos and Maier. 1 SA 8000 Certificate for Social Accountability achieved by Eroski. 38 ISO 14000 Environmental Certifications

ER-193/1/94

★★★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★

4 Highlights

In millions of euros 2002 2003 2004

Total Sales 9,232 9,655 10,459

International Sales 2,455 2,551 2,756

Resources under 8,474 9,247 10,042 Administration*

Equity 3,102 3,281 3,757

Investment 683 847 730

Results 370 410 502

Personnel 66,558 68,260 70,884

* Caja Laboral

5 n the context of an economic upturn, especially in Europe, our I corporation had a good year in 2004: sales increased by 8.3%, profits rose by 22% and we created 2,624 new jobs, thereby achieving one of our basic objectives and ending the year with a workforce of close to 71,000 people. We also published the first Sustainability Report, following the GRI guidelines and convinced that the concepts of Social Responsibility and Sustainable Development fit in very well with our co- operative culture. This report will be included on an annual basis together with the economic and management report.

In the technological field, we gave innovation a strong boost, with the laying of the first stone in the Garaia Park, at a ceremony presided over by their majesties the King and Queen of Spain. The aim of the park is to promote innovation and technology applicable to companies, encouraging relations between the Universities, Technology Centres and companies in the same area of excellence. In this regard, the Sectorial Technology Centres set up last year were also consolidated. The new 2005-2008 Corporate Science and Technology Plan was also drawn up, with the accent on the new emerging sectors.

The Financial Group had a very positive year, in terms of both business and results. Caja Laboral exceeded 10,000 million euros of assets under administration and its profit before tax increased by almost 13%. Seguros Lagun Aro also performed well, with a significant increase in insurance premiums and a 72% rise in profits.

The Industrial Group recorded a 9.4% increase in sales and record profits, 37% higher than the previous year, in a framework of big rises in the prices of raw materials and a negative euro-dollar parity, which had a damaging effect on our exports in the dollar zone. Construction was the most dynamic sector spurred on by strong domestic demand. The order books in Capital Goods and Machine Tools also improved significantly.

6 We set up 10 new production plants abroad taking the total to 48 by the end of the year.

It was a good year for the Distribution Group, in spite of a weak market, with increases in market share and profits, together with the opening of 40 new outlets between hypermarkets and supermarkets, 30 travel agency branches, 8 leisure-sports stores, etc. and the starting up of a new leisure-culture business.

As far as management quality awards are concerned, two of our businesses won the Gold Q and three the Silver Q. On the international stage, Fagor Cooking Appliances won the Latin American Foundation Prize for Quality Management and Orkli was awarded the European Environment Prize.

I should like to end this pre- sentation by remembering with affection and gratitu- de Jesus Larrañaga, a co- founder and generous dri- ving force behind our Co- operative Experience, who died on 7 May. He held a number of different posts of responsibility in our corpo- ration and wrote many books and articles about our business and co-opera- tive reality.

Jesús Catania President of the General Council

7

Financial Group

9 Financial Group

he performance of the finan- During the year a Business Image by the pension funds as a whole in T cial sector in 2004 was mar- Study was carried out, in order to the domestic market. Seguros ked by the continuation of a mone- assess Caja Laboral’s presence in Lagun Aro also performed very tary policy of expansion by the that segment and find out the level well, achieving the best results in European Central Bank, with inte- of satisfaction, as well as analyse its history (21.5 million euros befo- rest rates at historic minimum levels performance over the last few years. re tax, which is 76% higher than and the continuity of the stock mar- One of its outstanding conclusions the figure posted in 2003). ket bonanza started in 2003. was that Caja Laboral is present in one out of every three businesses Internationalisation. Caja In this situation it can be said that located in the Basque Country and Laboral is the only company in this the MCC’s Financial Group had a Navarra, in third position among Group that carries out activities on satisfactory year, with a significant the institutions offering products and the international stage, backed by increase in turnover, which led to a services in the company banking an extensive network of foreign substantial rise in profitability, as sector. correspondents. shown by the increasing soundness of the Group’s assets. The studies of the insurance sector The volume of foreign commercial carried out by the ICEA (Insurance transactions in 2004 accounted for In 2004, the fulfilment of the Basic Company Co-operative Research an overall total of 2,268 million Corporate Objectives can be sum- body) came up with good results for euros, with a substantial increase of marised as follows: Seguros Lagun Aro, putting the com- 12%, which was especially signifi- pany above most of its competitors cant in terms of imports. 63% of this Customer Satisfaction. In terms in terms of the way it is perceived by figure was from business from the of commercial activity aimed at its clients. co-operatives and the remaining companies, the Client Portfolio 37% from other business clients. Management Model was develo- Profitability. In banking, the fall During the year, the network of ped to make integrated, flexible and in interest rates squeezed net inte- foreign correspondents continued effective management possible. As rest income. In spite of this, the to be strengthened, with the incor- in previous years, Caja Laboral con- increase in turnover, the improve- poration of more than 100 new ins- tinued to focus on the Internet as the ment in the results from financial titutions. There are now more than preferential channel for dealing with operations and the containment of 1,100 foreign banks available to companies, intensifying the use of administration costs in relation to deal with the international require- Caja Laboral Net to the extent of the operating income achieved, as ments of Caja Laboral’s clients. exceeding the barrier of 15,000 shown by an excellent efficiency company clients actively using the ratio of 44.4%, led to an improve- Internet, carrying out 6.5 million ment in the profitability for the transactions a year, which was a year, with a 12.97% increase in significant rise in the level of activity profit before tax. compared to 2003. The positive management of Lagun-Aro’s investment portfolio should also be highlighted, which recorded a net return of 6.60%, which is clearly higher than the technical interest rate (5.40%) and the 3.67% obtained on average

10 Development. The main indica- Innovation. As far as banking is It is also worth highlighting that in tors of the Group’s turnover conti- concerned, a new development 2004, 8 million euros from Caja nued their upward trend in 2004, was incorporated into Caja Laboral Laboral’s Education and Promotion with total client assets under admi- Net Empresas which, by means of Fund were also earmarked for co- nistration recording 8.6% growth a document reader, enables pay- operative training and promotion, and bank investment a 16.3% ment documents to be paid in (che- research and cultural and health increase. The capitalisation of the ques, promissory notes, etc.) service activities. results achieved continued to rein- without anyone having to go to the force Caja Laboral’s net worth branch in person. Foreign banking Among the aspects relating to soundness, taking equity to 1,117 operations were also extended with Lagun-Aro, it should be stressed that million euros, which is an increase a transaction that enables the swift in terms of Employment Aid last of 7%. Lagun-Aro’s funds stood at messages associated with foreign year, spending was doubled to total 2,995 million euros, which is an payment operations to be sent by e- 2.8 million euros. A definitive solu- increase of 8.3%. mail, which helps speed up the pre- tion was found for 15 unemployed sentation of the receipt to the bene- members, and a number were pro- It should also be highlighted that in ficiary. The Postamail service also visionally relocated or paid unem- 2004, 6 new branches were ope- continued to expand significantly. ployment benefit. However, the ned, half of them in the Cantabria This service informs clients about reserve fund created for this purpo- region, taking the total number of their banking operations by e-mail se was reinforced with the surplus branches to 342. This has meant if they so require. from the year to account for the sig- that the client base has increased nificant total of 51.5 million euros.
by 26,000 people, taking the total In the insurance field, a new field of to 1,065,000 people. The insuran- operation was opened up by Juan María Otaegui ce company also opened three new means of collaboration with MCC Vice-president branches, to take its total to 70. Sanitas. Three new products were Chief Executive - Financial Group also developed for household eco- As for Lagun-Aro, it has a new nomies: Lagun Aro Ahorro Infantil, record number of members Lagun Aro Ahorro Optima and (29,239), beneficiaries (53,695) Lagun Aro Previsión Segura, sold and pensioners (6,884). mainly through Caja Laboral’s bank branch chain.

Social Responsibility. As far as training is concerned, 330 courses were given at Caja Laboral in 2004, with a total of 69,595 tea- ching hours, which were given to 11,700 participants. A number of different promotion courses were also organised, with 853 members participating. Aid was also given for complementary studies for ano- ther 58 members. Overall, 69% of the total workforce took part in some sort of training activity.

11 CAJA LABORAL Sdad. Coop. de Crédito

aja Laboral is a financial C institution set up by the industrial co-operatives. From the start it has played an active part in the development of the co-operative movement, by funding and promo- ting new activities, having played a key role in the shaping and cohe- sion of what is today the Mondragón Corporación Cooperativa.

For the financial sector 2004 was in terms of increasing turnover and growth was mainly due to products marked by low interest rates, which profitability are concerned. The on the balance sheet, such as client have helped to maintain a strong total assets on its balance sheet deposits and the promissory notes demand for loans, taking the level stood at 11,455 million euros at the issued, which grew by 20.9% in of default to minimum values. The end of 2004, which was an incre- overall terms. For their part the pro- year was also characterised by the ase of 17% compared to 2003. ducts managed off the balance positive performance of the stock sheet, mainly unit trusts, and welfa- markets, which in turn helped to Total client assets under administra- re plans, increased by 7.3%. improve the performance of the tion accounted for 10,042 million securities portfolios. In this situation, euros at the end of the year, an Caja Laboral had a satisfactory annual increase of 8.6%. Contrary year, as far as achieving its targets to what happened last year, this

Assets under Administration Bank Investment Equity In millions of euros In millions of euros In millions of euros

10,042 8,682 1,117 9,244 7,465 1,043 8,474 6,084 978

2002 2003 2004 2002 2003 2004 2002 2003 2004

12 Equity continued to increase, rein- As far as lending is concerned, In this regard it is worth highlighting forced by the profitability obtained bank investment rose by 16.3%, to that the net returns obtained by and the demanding profit capitali- a large extent owing to the strong Caja Laboral over its average total sation policy, to stand at 1,117 18.8% growth recorded by secured assets was 1.08% in 2004, which million euros. In accordance with loans, mainly mortgage loans, is a very good ratio if compared to Bank of Spain regulations, the insti- although business financing and the the average for the sector.
tution’s capital adequacy ratio was new consumer loan schemes also 13.9%, well above the minimum performed well. It is also worth requirement of 8%. pointing out that the index of non- performing loans fell by 11 basic points during the year, to a meagre 0.60%.

The gross investment of the securi- ties portfolio, consisting of fixed and variable income securities, as well as holdings in group compa- nies, accounted for 1,381 million euros, which is 15.3% higher than in 2003. This was applicable to practically all items, although espe- cially to corporate fixed income items.

In terms of the profitability obtai- ned, the fall in interest rates squee- zed net interest income, although the commission on services and the good results from financial opera- tions offset the initial disadvantage and led to an ordinary margin simi- lar to that obtained in 2003 (298 million euros). As the transfers to the provision for loan losses fell becau- se the maximum limit required by the Bank of Spain was sufficiently covered, the net profits for the year were 115 million euros, which was 11.5% higher than in 2003.

13 LAGUN ARO The benefits for Retirement, Another important aspect to be Provident Society Widowhood and Permanent highlighted was the end of the Invalidity, which have to be gua- collaboration with the Social he members of the Lagun- ranteed for long periods of time Security System as far as the mana- Aro Provident Society are T and for a large number of mem- gement of healthcare is concerned mainly members of co-operatives bers, are financed by reserves to and the signing of a Collaboration forming part of the Mondragón guarantee the relevant pensions. At Agreement with the Basque Corporación Cooperativa. Lagun- the end of 2004, there were 6,884 Government from 2005, which will Aro provides social cover for these people receiving pensions, 361 integrate primary healthcare and people and their beneficiaries, more than at the end of 2003. medicines in the public system and similar in scope to the State 62.4 million euros were paid out temporarily maintain the manage- system. under these headings in 2004. ment of specialist and hospital care cover within the Lagun Aro At 31 December 2004, there were These benefits are guaranteed by Provident Society.
29,239 members in 117 co-ope- Lagun Aro’s funds, which at the end ratives, which is a net increase of of 2004 totalled 2,995 million 1,035 people. euros, once the returns on the inves- tment portfolio had been applied, As far as pro rata benefits are con- which totalled 184 million euros cerned, which cover short-term (6.6% of the funds invested). benefits, these totalled 60,158 Compared to the previous year, the thousand euros in 2004, mainly in fund has increased by 228.5 the following areas: million euros, which is 8.3% in rela- • Sick Leave, 31.3 million euros tive terms. (52% of the total) • Health Care, 22.8 million euros (38% of the total).

As in recent years, it is worth high- Funds In millions of euros lighting employment aid, a benefit 2,995 in which the surplus achieved 2,766 added to that already on the balan- 2,549 ce sheet, means that there is a reser- ve of 51.5 million euros.

2002 2003 2004

14 SEGUROS LAGUN ARO As far as corporate alliances are in the ownership of the company General Life Insurance concerned, collaboration continued through Bazkideak, a share-holding to be increased with Caja Laboral body. The project has been a great ontinuing with the trend of and the Sanitas insurance com- success, as more than 93% of full- C recent years, 2004 was a pany, which has led to an expan- time workers have taken up the very positive year for Seguros sion of the company’s range with offer. Lagun Aro, with its key targets new savings products and the selec- easily met. Total income accounted tion of Seguros Lagun Aro Vida to Finally, it should be pointed out that for 215 million euros, which is 17% cover healthcare for one year for the new 2005-2008 Strategic Plan more than the previous year, com- the beneficiaries of people insured was drawn up over the year. This pared to an average increase of by Sanitas who die. This cover is plan will establish the bases for the around 7.4% in the sector. already being sold by Sanitas. development of the company in the medium term.
The income obtained from insuran- Three new offices were opened in ce premiums totalled 175 million 2004, in Ercilla (Bilbao), Leioa euros, which was an increase of (Bizkaia) and San Juan (Pamplona), 23% compared to 2003. In terms which takes the total number of offi- of companies, Seguros Lagun Aro ces operating in the Basque accounted for 102 million euros, a Country, Barcelona and Valencia to 10% increase compared to 2003, 70, with 347 workers (28 more and Seguros Lagun Aro Vida than the previous year) to serve the accounted for 73 million euros, an company’s 260,000 clients. increase of 47%.

As far as Customer Satisfaction is A very selective policy was main- concerned, according to the studies tained as far as attracting new risk carried out by the ICEA, Seguros was concerned, which has led to a Lagun Aro scored more than 8 out very low accident rate below the of 10, thereby beating the scores of sector average, especially in car its competitors. insurance, which has enabled the price of this product to be trimmed As regards People Development, in in the different market and client 2004 leadership assessments were segments. Moreover, the significant carried out for total of one hundred upturn in the stock markets contri- people, in order to help each of buted to a good performance in them develop in a personalised terms of financial yield, meaning way. A mechanism has also been that the year closed very favou- developed for worker participation rably.

15

Industrial Group

17 IndustrialIndustrial GroupGroup

n 2004 the international eco- Improvements continued to made in 2004, which was an increase of I nomy expanded satisfacto- the EFQM assessments in 2004, 9.6% compared to 2003. The rily, which helped the upturn in with Fagor Industrial and Fagor upturn in the leading European eco- Europe, mitigating the increasing Electrodomésticos Small Domestic nomies has enabled the fall in com- difficulties of exporting to other Appliances business awarded the petitiveness compared to other parts of the world, caused by the Gold Q for scoring more than 500 countries as a result of the appre- increased cost of the euro. points in the assessment carried out ciation of the euro against the dollar by external auditors and Fagor to be counteracted. Overall, inter- The MCC’s Industrial Group’s per- Electrodomésticos Kitchen Unit busi- national sales accounted for 49.2% formance indicators gradually ness, and Geyser Gastech the Silver of total sales in 2004, compared to improved last year, with a recovery Q (400 points). 49.18% in 2003. in exports and a strengthening of order books, especially in the These efforts aimed at improving As far as new production sites abro- second and third quarters. quality were complemented with the ad are concerned, the main events However, not all areas of activity preparation of a Corporate Best in 2004 were the new plants set up performed the same, as the Practices Manual. This manual des- by Copreci in China, Egurko in demand for consumer and interme- cribes the successful management Rumania, Eika in Mexico, Fagor diate goods was always more con- models applied by some co-operati- Industrial in Poland and Irizar in sistent than that for capital goods. ves for possible adoption by others. South Africa. Ulma Construction 31 of these best practices were from also started to operate in Poland by As far as the Basic Corporate co-operatives in the Industrial Group. taking over the local firm Bauma, Objectives are concerned, the most engaged in industrialised formwork outstanding achievements during Profitability. The positive perfor- systems. These new plants took the the year were as follows: mance of the international economy total number of MCC factories abro- led to a gradual increase in foreign ad to 48. Customer Satisfaction. In 2004 demand, although as most of it was progress continued to be made in from Europe the improvement was Development. Total turnover the improvement of product and pro- not especially significant, given that stood at 4,792 million euros in cess management quality, with 103 the recovery was not outstandingly 2004, which is 9.4% higher than in ISO-9000 certifications and ISO- dynamic in comparison to 2003. 2003. The most significant increa- 14000 environmental certifications. However, as domestic demand was ses took place in the Construction strong, industrial activity as a whole division (23.2%), thanks to the performed well, which made signi- excellent performance of the sector, ficant advances possible in profita- followed by the Industrial Systems bility compared to the previous division (18.8%), the Industrial year. Equipment division (14.7%) and the Components division (11.4%). Over the year as a whole, the results of the Industrial Group, befo- re deducting the interest paid on Share Capital, increased by 37% compared to 2003, to stand at 249 million euros, which accounts for 5.2% over sales.

Internationalisation. International sales, which consist of exports plus foreign subsidiary sales, totalled 2,358 million euros in

18 In line with the performance of Total Sales International Sales sales, employment also continued In millions of euros In millions of euros its upward trend. 1,023 workers 4,792 joined the Industrial Group, 59 of 2,358 them from Becker, a co-operative 4,379 2,152 4,049 2,058 which joined early in 2004, with the other 984 corresponding to new jobs created. At the end of the year this took the total workforce to 33,640 people, of which 7,107 (21.1% of the total) were working abroad. 2002 2003 2004 2002 2003 2004 Investment is another indicator of business development. It accounted for 345 million euros in 2004, Investment Personnel which was 10.5% less than the figu- In millions of euros re posted in 2003. 33,640 32,597 378 Innovation. In 2004, the new 345 312 31,166 2005-2008 Science and Technology Plan was drawn up, in line with the co-operatives new stra- tegic planning cycle. Innovation now features as a Basic Corporate Objective. The Plan has a budget of

40 million euros for new projects 2002 2003 4204 2002 2003 2004 related to the five priority areas: Energy, Health, Information and Communication Technologies, Materials and Processes, and A number of new activities were Work also continued on Advanced Management. started up internally in 2004, with Management Development (71 their products coming onto the mar- people) and Co-operative Training As far as R&D is concerned, the ket shortly: Ekisun, photovoltaic kits; and Dissemination (751 co-operati- MCC currently has ten centres spe- Ibai, in the domestic appliance ve members, including Governing cialising in different technologies, field, and Rotartica, HVAC systems and Social Council members). which are subsequently applied in using absorption technology. the co-operatives. Work started on As far as Health and Safety at building the Garaia Park in 2004, Social Responsibility. In the Work are concerned, as a result of after all the formalities were com- social field, work continued on the preventive measures taken, in pleted for the purchase of the land promoting co-operative employ- 2004 the accident rate fell by three and obtaining the licences. This ment, by encouraging contracted points. In this field the certification project will be an incomparable workers in the co-operatives to of Workplace Risk Prevention milestone from the qualitative and become members. The number of Systems started, in accordance with quantitative points of view in the co-operative members in the the OHSAS standard. This work will field of research and development. Industrial Group increased by 554 continue over the next few years.
people in 2004.

19 AUTOMOTIVE

ondragón Automoción legal limits, in order to minimise the cash flow of 13% over sales, which M increased its sales by 7% impact of its facilities. was one percentage point higher to total 961 million euros, doubled than in 2003. its profits and achieved a slight rise Fagor Ederlan Brasileira increased in employment of 1.1%. All this in the global offer capacity of its Batz Sistemas increased sales and spite of the fact that the European parent company, winning orders improved its profitability, in spite of market grew by less than 2% and for callipers from ContiTeves and the additional cost of materials. It the big difficulties in defending the Bosch in the USA, whilst V. had a lot of success with SARS, a selling price and managing busi- Luzuriaga Tafalla took its sales product aimed at making it easier nesses after a big rise in purchasing record up again to 90,000 tonnes for users to change wheels. It was prices. and easily exceeded last years developed by Batz and patented results, thanks to the recovery of the on a 50-50 basis with Renault. Fagor Ederlan and its subsidiaries, Cikautxo increased its turnover by which make up Ederlan Taldea, 11% and channelled its resources maintained sustained growth, in into improving the management of spite of the difficulties caused by the the plants in Borja, Zaragoza, the high costs of ferrous products. It Czech Republic and Brazil and consolidated the service that incorporating new products. Automodulos offers GM for the current Corsa rear axles and front Maier continued its consolidation corners, as well as winning the process, with significant advances modules for the replacement plat- in profitability and winning new forms, providing the added value projects from strategic customers, generated in the Brake and which will lead to further growth. Suspension business units. The strategic planning process has pointed to the idea of possibly set- As far as Fagor Ederlan’s business ting up a production plant in units are concerned, the growth of Central Europe and focusing the Engine unit in quantitative and R&D&i on the “function” or unit. qualitative terms stands out, with selling price in the second half of FPK also continued to consolidate the production of an aluminium the year. V. Luzuriaga Usurbil won itself as a supplier of structural and engine block for Iran Khodro; the its first global supply contract for functional reinforced plastic parts increase of its production capacity callipers from Usurbil and Fagor for cars, on a “function”-oriented up to 15,000 tonnes to be able to Brasileira for the Toyota Corolla. basis (multi-technologies), with inno- deal with the PSA projects (Prince Advances were also made in the vation as the basic reference.
and intermediate case); the winning process for turning the workers into of an important project for a machi- co-operative members. FIT José María Aldekoa ned part and the development of Automoción grew by 19% and MCC Vice-president Moldatzen, in collaboration with obtained an BRR of 33%. Chief Executive – Automotive Division Maier, in the field of plastic engine components. Ecenarro grew by 21% and main- tained its level of profitability, in PSA is already a client of all Fagor spite of the pressure of raw material Ederlan’s business units. Fiat has costs. PSA was the company’s main become a new client and Bosch has customer. Mapsa strengthened its become a client of the Brake busi- investment process with 4.6 million In millions of euros ness unit, whereas before it was a euros, to increase the automation of 2003 2004 client of V. Luzuriaga Usurbil. In the its production processes and meet environmental field, a voluntary the increases in demand for bigger Sales 898 961 agreement was signed with the wheel rims with greater added International sales 542 635 Basque Government above the value. The company obtained a

20 COMPONENTS

ondragon Componentes In White Goods, with moderate In Electronics sales of 65 million M had a good year in ove- market growth, sales rose by euros were posted, with an incre- rall terms, with a 12% increase in 15.7%, with Gas Cooking and ase of 7.1%, in spite of the nega- sales, a percentage similar to that Cooking Electronics standing out tive euro-dollar parity. This achieved in the international with 23% and 70% respectively. growth was basically due to the area, where turnover accounted What should be stressed was the 25% increase in Electronic Sub- for 62% of the total. This increase substantial improvement in our contracting. All this in a year in in turnover helped to mitigate to a position among the leading which there was tough competi- large extent the negative effects groups in the sector, the signifi- tion in Semiconductors, with a of the increase in raw material cant progress made in the United 12% drop in prices compared to prices and the performance of the States in oven components and 2003. In the management area, euro compared to the dollar. the important market share achie- the start up of innovation plans in

The division continued to vigo- rously boost its international pre- sence, with the start up of the plant in Turkey, the inauguration of Copreci China, the start of pro- duction at Eika Mexico and the promotion of activities in areas like the United States, the Middle East and Russia.

In terms of innovation, the com- pletion of the first stage of the fuel cell project based on solid oxide stands out. It is considered to be a promising business prospect. ved in Turkey, in the cooking and the Radio Frequency and Electro- The BE3P strategic innovation washing sectors. It is also very nic Subcontracting Business Units project was also completed, as a important to highlight the increa- should be stressed as should the reference model and process, sing offer of modules to our cus- consolidation of the Fleet Mana- carried out together with Ikerlan tomers. gement Business.
and the University of Mondragón. The Division also participated Home Comfort had a positive José Luis Olasolo actively in the Spanish Sensor year, with sales of 114 million MCC Vice-president Group and the Eurimus euros, 6.4% growth and a 77% Chief Executive – Components Division Committee for the promotion of export percentage with a reduc- microsystems. tion of competitive capacity because of the euro-dollar parity, especially in the LCC in the dollar zone. In innovation mention

should be made of the launch of In millions of euros a new self-activated unit and the 2003 2004 development and launch onto the market of components for under- Sales 429 479

floor heating in the central hea- International sales 265 297 ting sector.

21 CONSTRUCTION

ondragón Construcción In Structures and Handling, ting the launch onto the market of a M had an excellent year, with Urssa carried out or won some new model of wind-powered gene- a 23% increase in turnover, in both important projects: in industrial rator, 80 m in diameter and with national and international terms, construction, the Mercamálaga faci- 1670 kilowatts of power. and a high level of profitability. In lities, three combined cycle power compliance with internal agree- stations in Teruel, Toledo and Biurrarena once again recorded sig- ments, the division will be divided Cartagena, three paper mills in nificant growth of close to 11% and into two from January 2005, Jaén, Tarragona and Zaragoza, a developed special equipment for although for information purposes cement factory in Morocco and an “screen wall” type foundations and this has already been done in this incinerator plant in Andorra; in for the demolition of buildings. A Annual Report. urban construction, the new EITB number of projects stand out in the environmental field: the building of In the Vertical Transport the Cerceda refrigerator recycling Sector, the consolidated sales of plant in A Coruña, which will come the Orona Group totalled 265 into operation during the first four million euros, which was 18% more months of 2005. A light container than the previous year, with a 15% plant was designed and extended increase in the Iberian market and in Legazpi, where 47% of the waste 30% in other countries, with France, from Gipuzkoa is recycled, and a United Kingdom and the construction and demolition waste Scandinavian Countries standing plant was built in Enekuri (Bizkaia). out. Lana achieved high levels of profita- The order books also increased sig- bility during the year and vigorously nificantly by 15 points compared to boosted its presence in the interna- 2003, which guarantees a high tional market where it increased its level of activity for 2005. In 2004, turnover by 39% and looked at pos- work was carried out at the Zubiar- sible alternatives for setting up in te Shopping Centre in Bilbao, toge- headquarters in Bilbao and the Eastern Europe. Rochman develo- ther with extension work on the Bil- Meteorological Radar Tower in ped special machinery for shrink- bao Metro and the Prado Museum Alava; and in public works, a num- wrap packaging and line ends.
in Madrid. In terms of contracted ber of different bridges in Castelo installations Telefonica’s Communi- Ampuries (Girona), Roca-Llinars Jesús Maiztegui cations City in Madrid, the San Mar- (Barcelona), Aixe in France, MCC Vice-president tin market in San Sebastain and Encamps and Mitterand in Andorra. Chief Executive – Construction Division Eroski’s Carcaixent Shopping Cen- tre in Valencia stand out. Ecotècnia had a brilliant year with an 80% rise in sales and a 77% As a result of this significant growth, increase in the workforce. One of the Orona Group created 200 new the outstanding new orders was the jobs, extended its production facili- agreement signed for the building of ties in Hernani and the number of a wind farm in Galicia, which will service centres which now total 60. be one of the biggest in Europe and Likewise, coinciding with the 40th includes the supply of 80 wind- In millions of euros anniversary of its creation, the new powered generators with a total 2003 2004 production facilities and corporate power of 130MW. Work was also Sales 474 584 offices were inaugurated on the started on the construction of a farm Epele Industrial Estate in Hernani. in Portugal. On the sales and tech- International sales 58 72

nological side, it is worth highligh- Having deducted the Industrial Systems Division.

22 INDUSTRIAL EQUIPMENT

n a year characterised by Technical Components and added by 12%, obtaining signifi- I significant increases in raw Equipment achieved growth of cant improvements in profitability, material prices and the continual 21%, based on the powerful perfor- based on technological develop- fall of the dollar, which really mad mance of Ampo, Becker and Ederfil, ment and customer integration. things difficult for businesses, this with profits 40% higher than those Division performed excellently. It posted in 2003. Ampo had an The Aurki.net portal played a signi- posted a 12% increase in sales and excellent year, giving rise to a radi- ficant role in this policy, which won its profitability over sales was in cal change in its business, which led them the “Basque Country’s Digital excess of 9%, based on a signifi- to 40% growth and a significant Enterprise 2004” award. 15 cant improvement in value added improvement in profitability. million euros of investment was and overall productivity. The varia- announced for 2005, aimed at bles and ratios for the Division as a extending production capacity and whole performed very well. culminating the technological reno- vation process started in 2000. Leisure-Sport continued to expand abroad in spite of the Alecop maintained its level of tur- weakness of the dollar, with inter- nover. Alkargo had a year of rein- national sales accounting for 68% forcement and internal consolida- of turnover. This was mainly due to tion with a lot of orders won. the strong growth recorded by Coinalde achieved growth of 30%, Orbea and its brand image and boosting its internationalisation recognition. The company’s ORCA through an investment in Poland carbon-frame model was nomina- which will strengthen its presence in ted as the “Bicycle of the year Central and Eastern Europe. 2004”. It also achieved an exce- llent rate of return. Oiarso reinforced its good level of profitability, internationalising pur- Dikar-Wingroup and Eredu conti- Ederfil-Becker also had a brilliant chasing and developing internatio- nued to boost innovation and cost year, with a higher than 50% incre- nal platforms. Osatu boosted its reduction, maintaining the perfor- ase in sales and a significant impro- international network, backed mance of its business units and vement in their productivity and mainly by the new Reanibex 700 profitability. results. defibrillator, which is having a lot of success in the market and is a gua- Irizar performed really well in the rantee of future development.
domestic market and continued with its excellent level of profitability, Iñaki Otaño whilst Urola made significant advan- MCC Vice-president ces in its activity and Hertell conti- Chief Executive – Industrial Equipment Division nued the positive trend of previous years.

Industrial Services saw its inter- In millions of euros national sales rise by 29% and 2003 2004 Evagraf joined MCC Graphics, the graphics group made up by Sales 575 660

Litogarfía Danona, Elkar and Rotok. International sales 375 393 MCC Graphics increased its value

23 HOUSEHOLD GOODS

n a year characterised by a Fagor-Brandt will occupy fifth place tovoltaic solar systems; Sistemas de I strong increase in the price of in the competitive European mar- Servicios Avanzados was set up to raw materials and components and ket, with an overall turnover of promote home automation as a spe- tough domestic competition, the 1,800 million euros and a market cific business; Ibai was set up to Division’s sales increased by 4.8%, share of close to 6%. Fagor has a manufacture drying and crease- with a greater contribution from the market share of 21% in Spain and removing products; and Rotartica national market. In the field of qua- Brandt an 18% share in France, started up, with facilities in Basauri, lity, 2004 was another fruitful year, with brands as well known as de for manufacturing HVAC appliances in which Fagor Industrial and the Dietrich, Thomson, Brandt and powered by thermal solar panels, Small Domestic Appliances Business Vedette. In 2005, the importance based on the rotary absorption tech- Unit won the Gold Q, Fagor Kitchen of kitchen units will be reinforced nology developed by Fagor. Units and Geyser Gastech the Silver with the takeover of Grumal and a Q and the Cooking Appliance In Catering Equipment Fagor Business Unit won the Latin Industrial increased sales by 31% American Foundation Prize for and continued to expand strongly Quality Management. abroad, starting production at its new plants in Turkey, Poland and In Domestic Appliances, overall Italy, thereby reinforcing its presen- sales were slightly higher than the ce in strategic areas of eastern and previous year, with a small drop in southern Europe. The company alre- international sales due to the slug- ady has facilities in France, gishness of Fagor’s traditional mar- Cordoba and Catalonia, in addi- kets in Europe and the strength of tion to its main plant in Oñati. the euro against the dollar outside Europe. Domusa again had another In Furniture , it was again a diffi- splendid year. cult year, with falls in sales and pro- fitability. A far-reaching reorganisa- Extra Electromenager in Morocco tion process has been carried out and Shanghai Minidomesticos in which, together with the launch of a China both performed well. clear desire for leadership in the new, updated range, means that Wrozamet did well in Poland in business. expectations are optimistic regar- terms of both turnover and results. ding the future. A new co-operative The most important piece of news As far as production is concerned, Gerodan has also been set up, spe- was the negotiations for the takeo- the extension work on the Garagar- cialising in the production of furnitu- ver of the French Group Elco-Brandt za facilities was completed and re for the public health sector and which will materialise in 2005, with inaugurated officially on 9 Decem- senior citizens.
the majority approval of Fagor’s ber by the King and Queen of members. The relationship was Spain. 68.5 million euros were Fernando Gómez-Acedo close before, with Fagor having a invested overall in the facilities to MCC Vice-president Chief Executive – Household Goods Divi- 10% capital holding and the mutual take the annual production capacity sion exchange of products and experien- to 2.7 million domestic appliances. ces. In institutional terms, the first issue of “Subordinated Financial Contribu- tions” (AFS) was extremely success- ful, with demand three times higher than the final issue of 60 million In millions of euros euros. 2003 2004

As regards new activities, Ekisun Sales 1,093 1,146 with launched together with International sales 446 462 Ecotècnia, for the promotion of pho-

24 ENGINEERING AND CAPITAL GOODS

he most important aspect In Forming Machinery demand pliers like Magna, Tower, Johnson T was the strong upturn in increased by 16%, consolidating Control, Benteler, Gestamp, Tenne- demand, with a 28% increase in the positive trend of the previous co, GKN, Valeo and Oxford. In the order books compared to year when there was 12% growth. the domestic appliance sector 2003, which bodes well for 2005. Among the orders, the following General Electric/Mabe, Whirlpo- Turnover remained at a level simi- stand out: one from the Indian ol/Fadsa, Electrolux, Bosch-Sie- lar to that of the previous year with Corporation Tata, one from the mens, Maytag and Fagor. In the international sales accounting for Chinese consortium Baosteel- iron and steel industry Thyssen 65% of total sales. At the institutio- Sumitomo for the manufacture of an Krupp, Aceralia/Arcelor, British nal level, Loramendi’s process of automated cutting line with a press Steel, Eko Stahl, Acerinox, Bame- incorporation into the MCC with worth close to 7 million euros and sa and Namasco. the setting up of the Foundry and Tooling Systems Grouping together Forming and Assembly, a new with Aurrenak was concluded, unit made up by Batz and Matrici, with both companies reinforcing won twice as many orders as the their international dimension. previous year and carried out co- ordinated sales management in Automation and Control had Europe and the rest of the world. In a brilliant year, in spite of the con- the field of innovation, they jointly tinuing crisis in the European drew up a Technology Plan, tackling Machine Tool sector and the cons- new developments and the creation tant revaluation of the euro against of a joint committee for subcontrac- the dollar, with 7% growth in ting work. monetary terms and 15% in physi- cal flow, and a gain in market Engineering and Consulting share. Foreign markets accounted increased turnover by 5% and sig- for 73% of Fagor Automation’s tur- nificantly improved profitability by nover, boosting penetration in one supplied to Gestamp Polska by 27%, regaining the trend in job cre- Taiwan, China and Brazil, which Fagor Arrasate and Ona Pres ation with a 6% rise. In organisa- were the top three in order of worth 20 million euros overall. tional terms, the main feature of the importance. The company increa- Another outstanding order was year was the development of two sed its production capacity in won by Mondragón Assembly from strategic units: one aimed at China with the start up of a manu- the multinational BP Solar for the Professional Services and the other facturing line for optical rules. manufacture of solar panels. at Systems Engineering.

Among the list of customers, the José Ramón Goikoetxea increasing importance of Benteler MCC Vice-president stands out, for whom some 3,500 Chief Executive – Engineering and Capital tonne presses have been built, the Goods Division biggest in the Grouping’s history. In addition to the German com-

pany the list is long in the automo- In millions of euros tive sector and includes Ford/Vol- 2003 2004 vo, Volkswagen/Seat, Renault, DaimlerChrysler, PSA Group, Sales 384 381

Opel/GM, BMW, Honda and International sales 258 248 Saipa (Iran), as well as megasup-

25 MACHINE TOOLS

he persistence and toughness The following new initiatives stand ady developed in recent years by T of the crisis in the sector, toge- out: the launch of the new co-ope- the Danobat Group in machining ther with the strong appreciation of rative Goimek, the Himach project wheels, axles and bogies, backed the euro against the dollar and the being carried out at Ideko and the by an extensive list of commercial increasing price differential in com- setting up of Dano-rail. Goimek, items with companies linked to the parison with the most industrialised engaged in the machining of stra- railway industry on the four conti- countries, led to a situation in which tegic parts of great technical com- nents. turnover fell by 8% compared to plexity and high precision, has Woodwork Machinery, 2003, a year in which it fell by practically completed the new Tooling and Fixtures had ano- 20%. There were positive signs as building where it will start activi- ther difficult year, with a significant there was a recovery in the number ties in the second quarter of fall in turnover. In this negative of orders won, a good level of pro- 2005, with an initial workforce of environment, Latz had a good year fitability and decisive commitment to 65, in order to provide an inte- and Egurko set up a subsidiary, new business activities.

Machine Tools posted a turnover at 92% the level of 2003, with a high level of internationalisation at 79%. In spite of the general crisis, a decent level of profitability was obtained at 3%, with profits of 3.1 million euros. This figure includes the activity of the four foreign subsi- diaries.

As far as orders won are concer- ned, these increased by 10.5%, with the ranking again headed by Germany with 22%, followed by France (13%), Italy (12%), China (10%) and Russia (8%). As for the subsidiaries, Danobat-Bimatec per- grated service to the Machine Tool Planerko, in the Rumanian city of formed well in Germany with a sector. Cluj Napoca. The plant will be fully good year in spite of the situation in operational in 2005 and, in addi- the German market. Himach, which will come into ope- tion to its own manufacturing, will ration in the second half of 2005, is serve as a logistics centre for the The British firm Newall also had an a technological project to promote distribution of products from the excellent second year, providing collaboration with the customer in parent company in Zumaia, the- Engineering Services for the aero- mastering processes and product reby helping its strategy of interna- nautics sector and retrofitting for the development. It is based on the tional expansion into countries in automotive sector. On the other Group’s conviction that competitive- the region.
hand, the numerous problems suffe- ness is going to be increasingly lin- red by the German firm Overbeck ked to technological progress and, Antonio Echeverría had an effect on its profitability, especially, the intensive incorpora- MCC Vice-president although the year ended with better tion of innovation in high perfor- Chief Executive – Machine Tools prospects than the previous year, in mance machining. Division terms of both the number and the quality of orders. . Finally, Dano-rail, which is being set up with 840,000 euros of capital, is a mixed Business services co-ope- In millions of euros rative aimed at the design, manu- 2003 2004 facture and marketing of a line of Sales 151 138 products for railway maintenance and other industrial sectors. Its acti- International sales 105 96 vity is based on the experience alre-

26 INDUSTRIAL SYSTEMS

he ULMA Group, made up In the field of innovation and, as In the field of Social Management T of the Forklift, Construction, part of the CUT (Ciudad and as far as people development Forging, Handling Systems, Universitaria y Tecnólogica de is concerned, the training policy Polymer Concrete and Packaging Oñati), the aim of which is to gene- continued to be a key factor in the Business Units, and consolidated as rate a suitable framework for kno- Group’s strategy, with programmes a new Division in the Industrial wledge and business innovation, and courses aimed at professional Group, posted consolidated sales the ULMA Group completed the first development, in terms of both of 430 million euros in 2004, with phase of the development work on basics skills and improving mana- a year-on-year increase of slightly the plots that will house the new gement and project management more than 18%. All the ULMA ULMA Handling Systems plant, the skills. Group Business Units played a part ULMA Group Promotion and in this significant growth, with the Innovation Centre and the As far as employment is concerned, Forging and Handling Systems Packaging Technological Centre one of the basic objectives of the standing out, with increases of 66% (UPTC). ULMA Group, the trend of previous and 32% respectively. years was maintained, with 368

In spite of the weakness of the main European economies and the added difficulty of the euro-dollar parity, the international sales of the ULMA Group increased by 51%, which shows the significant effort being made in terms of its commit- ment to internationalisation.

The Group’s profits rose by 38%, significantly improving the excellent achievements of previous years and ratifying the soundness of its In the international field, the takeo- new workers joining the Group. growth. This is confirmed by its ver of Bauma (Poland) and Alpi 131 new members were also taken development and promotion pro- (Italy) by the Construction Business on, taking the percentage of mem- grammes, which in part are reflec- Unit was of strategic importance. bers over total employment in the ted by the 96 million euros invested The two companies are both lea- parent co-operatives to 81.5%. At and which have been fully covered ders in their respective markets and 31 December 2004 the total work- by the cash flow generated. will strengthen our position in the force of the Group exceeded Eastern Europe and the civil engi- 3,000 people for the first time.
In the Business Promotion and neering market. The ULMA Group Development sphere the launch of the has a total of 26 subsidiaries abro- Txomin García new Ventilated Facades stands out ad, with 830 workers, which is MCC Vice-president together with the start of the extension 27.5% of the total employment in Chief Executive – Industrial Systems Division work on the Polymer Concrete facili- the Group. ties, the installation of the rolling mill for the manufacture of flanges bigger than 16” in the Forging business unit, In millions of euros the new promotion of heat-sealers in 2003 2004 the packaging business unit, and the development of special transelevators Sales 362 430 for automatic storage peripherals in International sales 103 155 Handling Systems.

27

Distribution Group

29 Distribution Group

he MCC’s Distribution T Group consists of the Eroski Group, which is made up of Eroski S.Coop. and its partly-owned subsidiaries Comer- cial Erein, Erosmer Ibérica, the French company Sofides and other companies set up with its partners in the Balearic Islands, Galicia and Madrid, as well as the Agro-Food Business Grouping Erkop, which is for- med by six farming and food industry co-operatives.

In 2004 the retail sector recor- ded moderate growth, due to the The most important milestones in Another important aspect rela- containment of traditional family the Distribution Group’s fulfil- ting to customer service was the spending. Retailers’ profits incre- ment of the Basic Corporate consolidation in 2004 of “Solu- ased thanks to the new house- Objectives were as follows: ciones Multihogar”, a concept holds set up and the extension of that was launched in 2003 in their offer towards other types of Customer Satisfaction. One order to cover different domestic spending such as that on techno- of the most important actions requirements, such as: insurance logy products, sport, leisure, fas- during the year, undertaken (health, household, car, accident hion or personal care, with a within the framework of the new and life), financial services, greater part of family budgets Strategic Plan drawn up, was repairs, alterations, emergencies earmarked for these sorts of pro- that of trying to get closer to cus- at home and property. ducts. tomers. To this end the store iden- tity and brand design was brought up to date, by means of the new supermarket ensigns EROSKI/center and EROSKI/city, as well as the explicit backing of the EROSKI brand, by also using it for the company’s own brand products.

30 In the quality field the awarding Profitability. In order to conti- Total sales of the Silver Q by the Basque nue improving the logistics chain In millions of euros Government for the Excellence of for supplying stores, in 2004 the 5,667 the fresh produce depots stands depots network continued to be 5,276 5,182 out. Another important award expanded, with a centre opened received was that given by the in Getafe, an integrated depot Spanish Shopping Centre Asso- project carried out in Aragon ciation, with El Boulevard in Vito- and the Food Service centres ria named as the Best Large developed. Shopping Centre. 2002 2003 2004 It has also been the Group’s aim As part of the quality assurance to improve how the retail depots and control programme for the are managed, channelling them products sold, 7,869 tests were towards an organisational carried out, in addition to 955 model based on self-managed Investment audits and inspections at all teams, in which people can In millions of euros points in the Eroski Natur pro- effectively participate in plan- 515 duct chain, from their source to ning and organising their own 360 the final product. work. 274

Retailing performed well, with a gain in market share which, together with the improvement in internal management processes, led to a considerable increase in 2002 2003 2004 profitability. The agro-food busi- ness units were affected by the big price rises in raw materials (wheat, corn, soya, etc.), which eroded the margins of some Workforce farms. Overall, the annual total

profits of the two activities incre- 33,782 ased by a substantial 20% com- 32,222 32,036 pared to 2003, with the collecti- ve catering business unit standing out in this regard in addition to the retail business unit.

2002 2003 2004

31 Internationalisation. Although most of its activities take place in Spain, the Distribu- tion Group also operates in Fran- ce through its subsidiary Sofides, which currently runs 3 hypermar- kets and a chain of 19 super- markets.

Alidis (Alianza Internacional de Distribuidores) has been opera- ting well. This is the company set up to channel the agreement bet- ween Eroski and the French group Les Mosquetaires (Inter- marché), which has helped improve purchasing conditions Among the new businesses star- The growth in the store chain with international manufacturers ted up by this Group in 2004, and the incursion into new areas as the negotiations are for a hig- the leisure-culture business under meant a 7.4% increase in sales. her volume of goods. the name Abac stands out. The In 2004, the Group took on first store was opened at El Bou- 1,560 new workers, taking the

Development. The Distribution levard Shopping Centre in Vito- total workforce at the end of the Group continued to invest hea- ria. The In Faradis perfume year to 33,782. vily in 2004 as well. It was a chain has also been launched year in which it reinforced the under a unified trade name. The Innovation. In addition to the different store chain formats, chain has 172 stores (32 new constant concern about develo- with 122 additional sales ones in 2004), after the takeover ping new areas of activity, like outlets, of which eight were of the Asturian chain Brisas. those mentioned above, the inno- hypermarkets. To complement Other new business or ones vative stance of this Group is the funding of these investments, about to be launched are the reflected in the adoption of the which totalled 360 million euros, sale of apartments and a chain Internet to promote sales and get there was a third issue of “Eroski of opticians, with five stores alre- closer to clients via the Consu- Subordinated Financial Contri- ady opened. mer.es website. butions”, to the value of 200 million euros, which was fully subscribed with ease.

32 As far as the on-line stores are As for Consumer.es, in 2004 the- During the year, the Eroski concerned, another one was re was spectacular growth in its Group published its first Sustai- opened in Pamplona in 2004 to pages seen by users, with it nability Report in accordance add to the one already opera- becoming the sixth most popular with the methodology of the Glo- ting in Vitoria. This channel pro- media product in Spain, accor- bal Reporting Initiative and chec- vides shoppers with a rapid, ding to the OJD. In addition to ked by AENOR. This was the first convenient method of shopping research carried out into specific report of this type published by a with access to more than 6,000 subjects by the magazine, a new retail firm in Spain. items. In 2004 an on-line travel thematic channel dedicated to agency was also launched. At New Technologies was also set The desire to involve the wor- the same time, work started on up, as an indication of the com- kers, through their participation the refurbishment of the physical mitment to innovation. in ownership and management, travel agencies with a new is something that makes the model aimed at involving custo- Social Responsibility. In Group stand out. In 2004, a mers more in building their own 2004, the Eroski Foundation sig- total of 1,430 people became trips. The first branch of this type ned collaboration agreements co-owners of the companies they was opened in San Sebastian. with different bodies, amongst work in, taking the total number which the following stand out: to 12,298 people.
Unicef, with a campaign to Constan Dacosta collect school material for chil- MCC Vice-president dren in 25 priority countries and Chief Executive – Distribution Group the Red Cross, to help those affected by the tsunami in Sou- theast Asia. Among the activities of a social nature carried out, the “Idea Sana” (Healthy Idea) programme stands out, the aim of which is to encourage, healthy and beneficial lifestyle habits.

33

Research,Research, TrainingTraining andand EducationEducation

35 Research

nnovation, which is a basic I corporate objective and a key element in the generation of new products and services to help constantly revitalise our business fabric, has the active, qualified backing of the MCC’s technology centres. In 2004, these had an overall budget of 34.72 million euros and a workforce of 622 researchers.

Ikerlan, the first research centre set up by the MCC, specialises in integrated product development. In 2004, it celebrated the 30th anniversary of its creation in 1974, with a good project port- folio and revenue of 14.45 million euros. Of this, 4.45 million came from generic and tion with Fagor Electrodomésticos For Edertek the year was mar- strategic research projects and and other top European universi- ked by the centre joining the Bas- 8.87 million from contracted R&D ties and companies. Likewise, que Network of Technology and projects. The centre has 176 rese- after the initial work carried out Innovation Centres and the dra- archers and technicians, in addi- last year, with the collaboration of wing up of the strategic planning tion to 40 interns. Saiolan, a company called Aban- for 2005-2008, which identified tail was launched with LKS, to a number of areas for technologi- Within the framework of the provide services in the adaptive cal specialisation: product deve- alliance policy there were two design field. lopment, research into materials outstanding milestones: the crea- and processes, and innovation tion of the Co-operative Research Ahotek, aims to maintain a level and design of moulds and moul- Centre (CIC) Microgune, together of excellence in the technologies ding tools. In 2004, the centre with the Ceit and Tekniker Tech- integrated in the products develo- had a budget of 2.15 million nology Centres, the University of ped and manufactured by Fagor euros and a workforce of 21 peo- Mondragón, the University of Automation –Numerical Controls, ple. The forecasts for 2005 are Navarra and the MCC, in the Regulators and Position Pickup for revenue of 2.4 million euros microtechnologies field; and the Systems- which cover: Kernel and 26 researchers, with the start setting up of the IK.4 Research CNC, Numerical calculation, of work on the Edertek building in Alliance, made up of the afore- Automatics, Vectorial control, the Garaia Innovation Park stan- mentioned centres and Gaiker. User interfaces, Operating ding out as a significant milesto- systems, Connectivity and ne. An important boost was also Optics. In 2004, it had a team of given to Environmental Intelligen- 35 researchers, of whom 4 were Ideko, specialising in Machine ce, with the start of the integrated doctors and 24 senior engineers, Tools and part of the Danobat “Amigo” project, which is part of and a budget of 1.5 million Group, ended the year with reve- the European Union’s VI Frame- euros. nue of close to 5 million euros, of work Programme, in collabora- which 53% came from contracted

36 research projects, with a team of tion. In 2004, it had a workforce as a development supplier in line 88 people. The centre works on a of 15 researchers, operating in with the demanding requirements permanent basis with foreign uni- teams with the technical depart- of the sector. Its R&D work is versities and centres on different ments of the different companies. aimed at the development of new projects of a national and inter- It had a budget of 730,000 product functions and to beco- national character. Special men- euros. ming a reference centre in the tion should be given to the four- world of plastics. In 2004, its year agreement signed with the Lortek, located on the University workforce totalled 101 people, University of Mondragón. of Mondragón campus in Ordi- consisting mainly of senior engi- zia, was set up in 2002 to carry neers and technicians, in addi- Ideko belongs to the Spanish out research into advanced joi- tion to 12 interns. It ended the High Performance Machining ning technologies and processes. year with a turnover of 5 million Network (Remar), the Latin Ameri- It is divided into four highly inte- euros. can network (Pibamar) and the rrelated areas: Design, Processes, European Network of Manufactu- Non-destructive Tests and Indus- MIK, is a Business and Organi- ring Technologies (Mantys) and trial Automation. In 2004, the sational Management Research takes part in CIC Margune. It pla- centre had a budget of 546,000 Centre. In 2004, its third year of yed an important role in establis- euros, with an annual increase of operation, it had a workforce of hing the new MCC Science and 80% and a team of 22 people. 20 people and a turnover of clo- Technology Plan for 2005-08. During the year it gained ENAC se to 1 million euros. It is playing Among its outstanding research accreditation for tests related to a leading role in the co-ordina- projects are the development of joining processes. tion and development of the technologies for manufacturing CONex Programme (2001- Ultraprecise Machine Tools The nuclear area is that of pro- 2004), aimed at strategic rese- (Launch-Micro) and the Manage- cesses based on three technologi- arch into business management ment of Environmental Impact and cal platforms: Laser Platform, with in the Basque Country, which its cost associated with the life an experienced team and facili- ended in 2004 with good results. cycle of the Machine Tool (Proli- ties with Nd Yag generators and Other projects also stand out like ma). a diode laser to tackle welding Open Gipuzkoa and Equal, fun- processes, surface treatments and ded by the Provincial Council of Koniker, specialising in Forming direct manufacturing. The FSW Gipuzkoa and the European and Assembly, carries out rese- platform, which has the first Social Fund, respectively. It also arch in the following knowledge machine in Spain for specifically manages Osakidetza’s Manage- areas: drawing/forming, cut- carrying out Friction Stir proces- ment Research professorship. ting/punching, levelling, roll-for- ses and the Adhesives platform, is ming, bending/crimping, trans- for validating adhesive bonding. Orona eic (Elevator, Innova- fer, assembly and tion Centre), now has new offi- stacking-destacking. Working Maier Technology Centre ces, training rooms and prototype with the top centres in the world, (MTC), specialises in the rese- facilities and testing towers, after its aim is to carry out pre-competi- arch and development of thermo- an investment of 3.6 million euros tive research, which can then be plastic parts and units for the and a budget of 2.5 million industrialised by its members, to automotive, domestic appliance, euros. This effort has started to increase their product portfolio telephony and consumer electro- bear fruit, with a new high per- and value added. The members nics sectors. It operates on the formance elevator model (M33 are: Fagor Arrasate, Batz, Mon- basis of concurrent engineering, Heavy Loads) approved during dragon Assembly, Onapres, in close collaboration with its the year and different innovative Aurrenak and the MCC Founda- clients, consolidating its position subsystems developed in close

37 collaboration with Ikerlan and the University of Mondragón: a new operating procedure, a rescue system for elevators without machine rooms and new safety systems (own speed limiter and new shimming for car and coun- terweight) which Orona has put onto the market. The centre has a team of 45 people.

In 2004 the activity of the Pac- kaging Technological Cen- ter (UPTC)led to the launch of innovative projects in technologi- cal areas of packaging and pro- duct conservation, design of con- tainers and hygienisable and flexible production lines, in colla- boration with the University of The Garaia Innovation Park is Its aim is to create an area of Mondragón, Ikerlan and other located in Mondragón and the excellence to help boost long-term technology centres. The centre’s first stone was placed by the King research, promoting the introduc- budget totalled 1.59 million euros and Queen of Spain on 9 Decem- tion of new technologies to be and it had a staff of 42 engineers. ber, accompanied by leading applied in companies, increasing authorities from the Basque their competitiveness and helping During the year, development Country and Gipuzkoa and the to create skilled employment. work started on two new promo- top management of the MCC. Work started on the development tions: Heat Sealing and Packa- This is an ambitious project to pro- of the area in 2004 and the plans ging Engineering. In the first, the mote innovation and technology, are to erect the modular building project range was established, by combining the work of the for laboratories and innovation in two projects were completed for Technology Centres, companies 2005 and start building the Eder- high production controlled atmos- and Universities. It occupies a tek Technology Centre.
phere, and the specifications total surface area of 450,000m2 were drawn up for totally innova- and in ten years will have 1,300 tive new product. In Packaging researchers in its laboratories and Engineering, a market study was technology centres. carried out and the priority areas were established, leading to pro- jects for the meat, and fruit and vegetable sectors.

38 Training and Education

UNIVERSITY OF MONDRAGON

,592 students registered for 3 degree courses at the Univer- sity of Mondragón for the acade- mic year 2004/05. 410 students registered for postgraduate degrees in academic year 2003/04, bearing in mind that the figures for 2003/04 will not be available until the end of the year.

In academic terms, the most outs- tanding features were the intro- duction, in the academic year 2004/05, of the new Primary Education Teacher Training and As far as the new educational In the research field, the Univer- the Audition and Language Tea- model in the form of the Mende- sity of Mondragón has increased cher Training specialities, toge- berri Project is concerned, three its participation in the different ther with the third level degree in pilot experiences were started up R&D programmes, both at home Humanities and Education in the during the academic year and abroad, with increasing Organisations of the Future; all 2002/2003 for different degree dedication of the teaching staff to given at the Faculty of Humanities courses at the three faculties. research, which was 26% this and Education Sciences in Esko- During the academic year year. riatza. The Higher Polytechnic 2003/004, the model was exten- School started a second level ded to 12 new groups, with very In terms of quality, the Higher course in Telecommunications positive results, from both the stu- Polytechnic School won the Silver Engineering. dent learning point of view and Q, a collaboration agreement the level of teaching staff satis- was signed between the Univer- faction. The basic aim of the sity of Mondragón and Euskalit, Mendeberri project is to redesign and the Engineering Degree in the teaching/learning process, Industrial Organisation as asses- by providing education that focu- sed by ANECA (the National ses on a wide range of values, Quality Assessment Agency).
skills, and abilities, in addition to the specific technical aspects of each individual course.

39 OTHER TRAINING AND 10,200 hours outside the state led to the extensive participation EDUCATION CENTRES system. Different research pro- of both the staff and parents. jects were also carried out in the Work was also done on the self- uring the academic year Materials and Food areas, and management of the decentrali- D 2003-2004, the Politek- technological backing was provi- sed units and a Pedagogy nika Ikastegia Txorierri had ded for 9 business projects toge- Department was set up to ensure 410 students within the state ther with the Azaro Foundation. the development of the Educatio- system and gave 35 vocational and in-service training courses (2,600 hours), attended by 365 people, mainly people already in work. The year coincided with the Centre’s 25th Anniversary which was celebrated with a varied pro- gramme of activities including exhibitions, talks, theatre, con- certs, etc., as well as the publica- tion of a book on the history of the Centre sponsored by Caja Laboral.

After winning the Silver Q last year, Lea Artibai Ikastetxea complemented its quality policy with actions aimed at preparing the documentation for the mana- gement of laboratories, which offer technical services to com- CIM (Centro de Idiomas Mon- nal Project and promote values panies that require them. In the dragón) had 4,902 students inherent in self-management and academic field, the different during the academic year 03- working in co-operation. secondary education, enginee- 04, channelled in the following ring and training cycles were stu- way: 1,517 in its Academic Divi- Moreover, a new building was died by 565 students, in addi- sion, 1,037 in its Business Divi- built and inaugurated in Aretxa- tion to the 173 University of sion, 1,021 in the Bai&By centre baleta for the schooling of chil- Mondragón Engineering and in Vitoria, 1,017 in the Bai&By dren from the ages of 2 to 6, and Polymer Engineering students centre in San Sebastián and 310 the secondary education offer studying for British degrees (Lon- in Outside Training. was completed with the creation don Metropolitan University). of a secondary level Art course, After the merger of the four co- and important steps were taken Another 1,412 students, both operatives last year, 2004 was in the consolidation of Vocatio- unemployed people and people Arizmendi’s first year as a uni- nal Training.
working in companies in diffe- fied co-operative with all the cen- rent sectors, passed through Lea tral services working in unison, Artibai Ikastetxea’s classrooms the membership participation and workshops, accounting for bodies set up in all the manage- ment units, together with the class representatives. This has

40 MANAGEMENT As in previous years, the 18th around 1,050 people visiting TRAINING edition of the Masters Course in Otalora to find out about the Co-operative Management was Mondragón Co-operative Move- talora, the Co-operati- run with 14 participants and the ment in situ and visit our co-ope- O ve and Business Training academic backing of the Busi- ratives; and 270 people took Centre, ran a Leadership Deve- ness Science Faculty of the Uni- part in seminars lasting from two lopment Programme in its Mana- versity of Mondragón, accoun- to five days. gement Development Unit, with ting for 510 hours. A Distribution the participation of 20 co-opera- Company Higher Management MONE, Mondragon Negozio tive managers. The course went course was also organised for Eskola, was set up by the Uni- on for 9 months and accounted Eroski, with 22 people attending versity of Mondragon, LKS and for 500 hours per person. and accounting for 200 hours the MCC. It aims to provide per person. management training and deve- High Performance Team Deve- lopment to help managers to lopment programmes were also In the Co-operative Training and carry out their tasks in the current run: for Eroski Group managers, Dissemination Unit, an “Ikas” competitive environment. In with the participation of 25 peo- socio-business course was run 2004, 1,782 hours of training ple, for Caja Laboral’s manage- over 6 months for degree hol- were given, with the participa- ment team with the participation ders, for 14 people who had tion of 235 managers from 145 of 12 people and for the mana- recently joined a co-operative: companies. gement team of Fagor Electrodo- Work continued on the applica- mésticos with the participation of tion of the “Ordezkari” Social Among the training activities 15 people; the three accounting Body Development System for offered, the organisation of the for 300 hours per person. A two- Governing Councils, which was III Executive MBA and the II day Innovation Conference was used by 95 Governing Council Expert Programme in Leadership also held, attended by 58 peo- members; and courses were run Development stand out. Those ple. for 51 Social Council members. attending the different training The “Bazkide” model for new co- programmes offered showed a operative members and internal high level of satisfaction.
communication was used by 23 Co-operatives with 864 partici- pants.

In terms of Internal Communica- tion, the T.U. Lankide magazine continued to be published on a monthly basis, with a circulation of 10,820 copies a month. In the area of Sociological Studies, the People Satisfaction survey conti- nued to be applied. As far as Co-operative Dissemination is concerned, information conti- nued to be given about the Co- operative Experience, with

41

Financial Statements and Trading Account Employment at the MCC OrganisationalOrganisational StructureStructure CompanyCompany andand Management BodiesBodies ListList ofof MCCMCC companiescompanies

43 MCC Financial Statements and Trading Account as at 31-12-04

his part of the Annual Report offers an overall To obtain these integrated statements, balances reflecting T view of the Mondragón Corporación operations between the companies that make up the MCC Cooperativa, by presenting the Corporation’s financial have been offset, and internal economic movements have statements and trading account for the end of 2004. been removed, in order to delimit the actual situation of Likewise, a comparison of these figures with those for the the Corporation as far as its outward appearance is con- previous year shows year-on-year developments. cerned.

The information given refers to the integrated Balance Sheets for companies that make up the Corporation, as well as the composition of Value Added generated by them over the last two years.

BALANCE SHEET

The MCC's Balance Sheet at 31.12.04 showed a total vol- an increase of 2,284 million euros over the year, which is ume of assets under administration of 18,593 million euros, 14% in percentage terms.

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

31.12.03 31.12.04 Annual Variation HEADING Amount % distr. Amount % distr. Amount %

Assets Fixed 3,937 24.1 4,106 22.1 169 4.3 Current 12,372 75.,9 14,487 77.9 2,115 17.1 Total assets 16,309 100.0 18,593 100.0 2,284 14.0

Liabilities Equity 3,281 20.1 3,757 20.2 476 14.5 External Partners 147 0.9 171 0.9 24 16.5 Long term creditors 2,894 17.7 4,142 22.3 1,248 43.1 Short term creditors 9,987 61.3 10,523 56.6 536 5.4 Total liabilities 16,309 100.0 18,593 100.0 2,284 14.0

The Group that contributed most to this growth was the financial institution. Financial Group, whose balance, after the adjustments made to The most outstanding features of each heading of the balance consolidate the asset and liability balances of the co-operatives sheet of the Mondragón Corporación Cooperativa as at in Caja Laboral, increased by 1,708 million euros, due to the 31.12.04 are detailed below: increase in savings attracted and loans granted to clients by the

44 Fixed Assets External Partners

At the end of 2004, the MCC's fixed assets totalled 4,106 mil- In the last few years the MCC has combined internal growth lion euros, after having increased by 169 million euros (4.3%) with the development of new companies in collaboration with during the year. external partners, both on the domestic market and on the international market. This has led to a gradual increase in the Total net investment made during the year accounted for 730 participation of external partners in joint ventures. million euros, which was 13.8% lower than the previous year. This was due to the disinvestment that took place in the The capital holdings of these external partners are mainly to Distribution Group. Depreciations applied in 2004 rose to be found in companies included in the consolidated statements 439 million euros, which is 4% more than the figure recorded of the industrial co-operatives and the distribution sector. The in 2003. total for external partners accounted for 171 million euros at 31.12.04, a rise of 16.5% over the year. This increase came Current Assets from both the new businesses set up by the Distribution Group, The current assets heading is the largest element of the net with 15 million euros corresponding to external partners, and worth of the Corporation and the one that grew the most in those set up by the Industrial Group, with 9 million euros. 2004 in absolute terms (2,115 million euros), which was 17.1% Long-term liabilities in relative terms. The balance of MCC funding from third parties with a period 81% of this increase came from the Financial Group, and was of maturity of more than one year underwent growth of 1,248 mainly due to Caja Laboral’s bank investment. The loans gran- million euros (43.1%) in 2004, to total 4,142 million euros at the ted to clients heading increased the most, with a rise of 1,199 end of the year. million euros, mainly in the mortgage loan area, together with other financial institutions, where the balance increased by The leading role in this increase was played by the Financial 347 million euros. Group, which was responsible for 97% of the increase. This was due to the considerable increase in Caja Laboral’s term depo- In terms of growth, this Group was followed by the Industrial sits, reinforced on this occasion by the issue of mortgage bonds Group, which recorded an annual increase of 273 million to the value of 1,100 million euros, with maturity from 2013. euros, due to an increase in turnover as part of the Group’s constant development. Short-term liabilities

In the Distribution Group the current assets heading is not This balance sheet heading increased moderately by 536 especially important, as it only accounts for 29% of total million euros during 2004, which is 5.4% in relative terms. assets. It increased by 118 million euros in 2004. In Caja Laboral the low market interest rates have channelled Equity savers towards longer-term products, which limited the growth in sight accounts and short-term deposits to 375 million euros, The MCC's Equity totalled 3,757 million euros at the end of the in contrast to the aforementioned increase in long-term year, with Share Capital accounting for 1,926 million euros savings. and Reserves for the remaining 1,831 million euros. In the Industrial Group, there was a 164 million euro increase During the year Equity was considerably strengthened, as it (11.1%) in short-term liabilities, slightly above the expansion in increased by 476 million euros (14.5%). This increase was due turnover, whilst in the Distribution Group there was a slight fall to the profitability for the year, together with the demanding of 0.6%. policy for capitalisation of surplus, which is mainly reinvested to self-finance development. Equity was reinforced by the It should also be mentioned that, in addition to traditional issue of subordinated financial contributions by the Eroski savings, Caja Laboral registered an increase in off-balance Group (200 million euros) and Fagor Electrodomesticos (60 sheet savings schemes, mainly unit trusts and pension and wel- million euros). fare plans. The balance of these schemes came to 2,992 million euros at the end of 2004, after an increase of 205 million euros (7.3%) over the year.

45 VALUE ADDED Distribution Group with 33%, with the remaining 15% corresponding to the Financial Group. To complete this commentary on the MCC's Balance Sheet, the following table is offered in which a comparison is Personnel Costs rose by 7.2%, due to the considerable made of the financial statements for the last two years, amount of job creation in the MCC, in line with the after being structured on the basis of the composition of Corporation’s expansion strategy. Wages accounted for Value Added. 58.6% of the Value Added generated, which was one tenth The overall Value Added generated by the MCC in 2004 lower than the previous year. increased by 7.2% to total 2,786 million euros. Financial Costs were contained at 197 million euros, which The biggest part of this Value Added was generated by the was 7.5% lower than in 2003, as a result mainly of the low Industrial Group, which with 1,457 million euros accounted interest rates in force during the year, which meant that their for 52% of the total. It was followed at a distance by the absorption of value added fell by 1.1 points, to 7.1%.

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

2003 2004 Annual Variation HEADING Amount % distr. Amount % distr. Amount %.

Value Added 2,598 100.0 2,786 100.0 188 7.2 Personnel costs (1,524) (58.7) (1,634) (58.6) 110 7.2 Internal Yield 1,074 41.,3 1,152 41.4 78 7.3 Financial Costs (213) (8.2) (197) (7.1) (16) (7.5) Cash flow 861 33.1 955 34.3 94 10.9 Depreciations (422) (16.2) (439) (15.8) 17 4.0 Operating Profit 439 16.9 516 18.5 77 17.5 Transfers and other income. (28) (1.1) (14) (0.5) (14) (50.0)

Surplus on year 411 15.8 502 18.0 91 22.1

The depreciations applied by the MCC in 2004 totalled 439 Non-trading income consists mainly of transfers to provi- million euros, with an increase of 4%, as a result of the sions, profits attributable to external partners and extraor- increase in fixed assets due to the investment carried out. dinary results. The figure for 2004 came to –14 million The Industrial Group accounts for the most depreciations euros, compared to -28 million euros in 2003. (230 million euros, 52% of the total), followed by the Therefore, the Final Surplus on the year totalled 502 million Distribution Group (190 million euros, 43% of the total). euros, which is an increase of 22.1% compared to the figu- re recorded in 2003. These results are used to pay company After all the expenses have been deducted, a Trading Profit tax and two specific co-operative expenses, which are the of 516 million euros was achieved, which was 17.5% higher interest on the individual capital stakes and the transfers to than in 2003. the Education and Co-operative Promotion Fund. The remainder is distributed between the Reserves and co-ope-

46 ratives dividends, with a small amount going to Corporate Funds for funding future business initiatives.

The following table briefly summarises how this Surplus has been distributed compared to 2003.

Distribution of the Mondragón Corporación Cooperativa Surplus (millions of euros)

31.12.03 31.12.04 HEADING Amount % distr. Amount % distr.

Company Tax 37 9.0 45 9.0 Education and Coop. Prom. Fund 27 6.6 32 6.4 Interest on Capital Contributions and Monetarised Dividends 108 26.4 132 26.3 Corporate Funds 12 2.9 14 2.8 Capitalised Profit 227 55.1 279 55.6 Total Excedentes del Ejercicio 411 100.0 502 100,0

The first three headings in the table refer to external payments. The last two cover the capitalisation of the remaining Surplus, in the form of co-operative dividends and reserve funds, or by means of the creation of funds for future projects.

47 Employment in the MCC

70,884 Jobs

42,861

25,990 21,928 18,795

1984 1989 1994 1999 2004

Geographical Rest of Spain distribution of Basque 39% employment Country 49 %

International 12 %

690 The MCC in Spain 34,760 4,084 Asturias 617 Cantabria Basque Galicia Country 3,737 Navarra Employment 747 by Communities 2,266 La Rioja 1,683 Catalonia Castilla León 1,929 Aragón

1,401 Madrid

1,145 1,150 447 Castilla La Mancha Valencia Extremadura Total Employment in Spain 927 Murcia 62,380 3,620 Andalucía Balearic Islands 3,079 Canary Islands 98

48 The MCC worldwide

U.K. (3) Germany (3) U.S.A. Poland (3) Russia (1) France (4) Czech Republic (4) Rumania (2) China (8) ItalyItaly (4)(4) Rumania (2) Mexico (5) Turkey (2) China (1) IranIran (1)(1) IndiaIndia (2)(2) Mexico (1) Morocco (2) Thailand (1) IndiaIndia (1)(1)

Brazil (1) Brazil (5)

Corporate Offices (7) Plants abroad (48)

Europe 23 (48%) Asia 13 (27%) MCC Production Plants

(Not including plants in Spain)

Africa 2 (4%) America 10 (21%)

49 Organisational CONGRESS Structure Presidency General Council

INDUSTRIAL GROUP

FINANCIAL Automotive DISTRIBUTION GROUP GROUP Components

Construction

Industrial Equipment

Household Goods

Engineering and Capital Goods

Machine Tools

Industrial Systems

Research, Training and Education Centres

Social and Management Bodies

STANDING COMMITTEE OF THE CONGRESS GENERAL COUNCIL

President: Otaegui, Juan María President: Catania, Jesús

Vice-presidents: Achotegui, Nerea Vice-presidents: Aldekoa, José Mª Dacosta, Constan Members: Ajuria, José Antonio Echeverría, Antonio Alustiza, José Antonio García, Txomin Andrés, José Luis Goikoetxea, J.Ramón Ansoategui, Juan José Gómez-Acedo, Fernando Arrieta, Juan José Maiztegui, Jesús Astigarraga, Jesús María Olasolo, José Luis Esnal, Jokin Otaegui, Juan Mª Gandarias, José Ignacio Otaño, Iñaki Gantxegi, Javier Igartua, Iñaki Officers: Gárate, José Ignacio Kortazar, Antton Gisasola, José Mª Larramendi, José María Madinagoitia, José Luis Herrasti, Jesús Mª Markaide, Agustín Laspiur, Miguel Angel Martínez, Daniel Uzkudun, Juan Mª Oruna, Angel Trancho, Alberto Secretary: Celaya, Adrián

Secretary: Celaya, Adrián

50 General Council

José Mª Aldekoa Fernando Gómez-Acedo Constan Dacosta

Jesús Maiztegui José Luis OlasoloAntonio Echeverría Iñaki Otaño

J.Ramón Goikoetxea José Mª Gisasola Jesús Mª Herrasti Miguel Angel Laspiur

Txomin García Adrián Celaya José Ignacio Gárate Juan Mª Uzkudun

Juan Mª Otaegui Jesús Catania President of President of the Congress the General Council

51 List of MCC Companies

Financial Group Industrial Group LUZURIAGA MAPSA USURBIL Ctra. Echauri, 11 C/ Txiki-Erdi 31160 Orcoyen Banking Insurance FAGOR EDERLAN 20170 Usurbil (Navarra) CAJA LABORAL LAGUN ARO BRASILEIRA (Gipuzkoa) Apdo. 1002 Rodavia Fernao Dias Km. P José M VIDA Tel.: 34 943 370 200 31080 Pamplona 887 Cx. postal 15 Arizmendiarrieta s/n Capuchinos de Basurto 6-2 Fax: 34 943 365 564 Tel.: 34 948 325 011 Bairro Ponte Alta Fax: 34 948 325 323 20500 Mondragón 48013 Bilbao Activities: AUTOMOTIVE CEP 37640-000 EXTREMA- E-mail: (Gipuzkoa) (Bizkaia) Casting of brake housings. MG-BRASIL Tel.: 34 943 719 500 Tel.: 34 944 798 300 [email protected] FAGOR EDERLAN Tel.: 55 35 34358200 Fax: 34 943 719 778 Fax: 34 944 798 383 ECENARRO Activities: Gaztanadui, 42 Fax: 55 35 34358248 Servicio.de.Atencion.al. www.seguroslagunaro.com Amilaga Kalea, 15 Manufacture of aluminium 20540 Eskoriatza Fagor Ederlan and MCC [email protected] 20570 Bergara wheel rims. Manufacture of Activities: (Gipuzkoa) Inversiones have a holding. www.cajalaboral.es (Gipuzkoa) water pump housings. Low Life insurance. Tel.: 34 943 719 000 Activities: Tel. 34 943 769 235 pressure and gravity cast Activities: Fax: 34 943 719 001 Casting of automotive parts and Fax 34 943 765 637 aluminium parts. Banking. SEGUROS www.fagorederlan.es components. LAGUN ARO Activities: Activities: BATZ SISTEMAS CAJA LABORAL Capuchinos de Basurto 6-2 Screws, studs, ball joints and Suspension arms. Knuckles. AUTOEJES 21 B Torrea 32-34 GESTION 48013 Bilbao special parts. Mission cases. Clutch housings. Pol. Ind. Barbalanca s/n 48140 Igorre (Bizkaia) P José M (Bizkaia) Gearbox covers. 50540 Borja (Zaragoza) Tel.: 34 946 305 000 Arizmendiarrieta, 5 Tel.: 34 944 798 300 FIT AUTOMOCION Brake discs. Brake drums. Tel.: 34 976 869 620 Fax: 34 946 305 020 20500 Mondragón Fax: 34 944 798 383 Callipers. Cylinder head covers Fax: 34 976 869 642 Barrio San Juan, s/n E-mail: [email protected] (Gipuzkoa) www.seguroslagunaro.com Differential gearboxes. Apdo. 80 Tel.: 34 943 790 114 Activities: Activities: Activities: Gearboxes. 20570 Bergara Fax: 34 943 790 116 Manufactures for the (Gipuzkoa) Assemblies. Bodywork assembly. General Insurance. www.cajalaboral.es FAGOR EDERLAN automotive industry. Tel.: 34 943 769 044 Hand brake levers. Jacks. Pedal units. Rear axles. Activities: Social Welfare BORJA Fax: 34 943 769 156 AUTOMODULOS Unit trust management Pol. Barbalanca, s/n MCC Inversiones and Fagor LAGUN ARO ARAGON CIKAUTXO 50540 Borja Ederlan have a 66% B Magdalena 2, B P José M (Zaragoza) Polígono Barbablanca holding. 48710 Berriatua Arizmendiarrieta s/n Tel.: 34 976 869620 50540 Borja Activities: (Bizkaia) 20500 Mondragón Fax: 34 976 869642 (Zaragoza) Manufacture of brake callipers. Tel.: 34 946 133 000 (Gipuzkoa) E-mail: Tel.: 976 866 077 Fax: 34 946 133 001 Tel.: 34 943 790 100 a.lazaro@borja. Fax: 976 866 078 Fax: 34 943 793 531 LUZURIAGA E-mail: fagorederlan.es Activities: TAFALLA E-mail: Fagor Ederlan has a 100% [email protected] Assembly of rear axles for cars. Tafalla (Navarra) [email protected] holding. Tel.: 34 948 700 250 Activities: Activities: Activities: GALDAN Fax: 34 948 702 054 Rubber parts for fluid conduction, shock-absorbing, Social welfare cover Assembly of front corners for Pol. Ibarra, s/n E-mail: leakproof and protection for co-operators. cars. Alsasua, Navarra [email protected] Tel.: 34 948 563 675 functions. LAGUNARO- Fagor Ederlan has a 50% Activities: MONDRAGON holding. Cylinder blocks and heads for P José M engines. Activities: Arizmendiarrieta s/n Aluminium die casting. 20500 Mondragón (Gipuzkoa) Tel.: 34 943 790 100 Fax: 34 943 793 531 Activities: Joint workplace risk prevention service.

52 CIKAUTXO BORJA FPK MAIER UK COPRECI CHINA COPRECI TURKEY Polígono Barbalanca Polígono Ugaldeguren II, P- Chaserwater Heaths South Side of Jinhai Road Gosb 50540 Borja 10 II Industrial Area Middle Section Ihsandede Cd. N . 135 Zaragoza 48170 Zamudio Attwood Road Sanzao Hi-Tech Gebze Tel.: 34 976 869 486 (Bizkaia) Burntwood Industrial Park Kocaeli - Istambul COMPONENTS Fax: 34 976 866 005 Tel.: 34 944 522 605 West Midlands WS7 8GJ 519040 Zhuhai, P. R. China TURKEY Fax: 34 944 522 156 UK Tel.: 86(0)756 3882201-02 E-mail: [email protected] Activities: E-mail: [email protected] Tel.: 00 44 1543 277460 CONSONNI Fax: 86(0)756 3882299 www.copreci.com Conduction and fluid hosing. MCC Inversiones has a 50% Fax: 00 44 1543 278752 B Trobika, s/n Tel.: +902627511334 Activities: holding. E-mail: Apdo. 35 Fax: +902627511325 Components. CIKAUTXO CZ. [email protected] E-48100 Munguía E-mail: [email protected] Activities: Letni,3867 Maier has an 82% holding (Bizkaia) Plastic assembly supports. COPRECI MEXICO Activities: PSC 46801 and MCC Inversiones an Tel.: 34 946 156 331 Engine covers. Noise shields. Gas taps for cookers and hobs. Jablone Nad Nisou 18% holding. Fax: 34 946 156 281 C/ Uno, n 736 Z.I. CZECH REPUBLIC consonni@consonni- Guadalajara Tel. 420 483 302 241 MAIER Activities: scoop.es 44940 Jalisco COPRECI CZ Fax 420 483 302 239 Pol. Ind. Arabieta, s/n Plastic injection moulding and www.consonni.mcc.es MEXICO Komenského 274 E-mail: [email protected] Apdo. 103 finishing. Tel.: + 52 33 3 145 19 63 79368 Dvorce u Bruntálu Activities: 48300 Gernika Fax: + 52 33 3 145 10 56 E- CZECH REPUBLIC Activities: Sheathed tubular heating (Bizkaia) CHROMECO mail: Tel.: + 420 646 74 54 92 Rubber parts for fluid elements for domestic and Tel.: 34 946 259 200 Lichfield Road [email protected] Fax: + 420 646 74 54 95 conduction, shock-absorbing, industrial uses. Fax: 34 946 259 219 Brownhills www.copreci.com E-mail: [email protected] leakproof and protection E-mail: West Midlands WS8 6LH www.copreci.com functions. Activities: [email protected] UK COPRECI Valves for gas barbecues and Tel.: 00 44 1543 452930 Avda. de Alava, 3 Activities: taps for domestic gas cookers. CIKAUTXO Activities: Fax: 00 44 1543 575402 E-20550 Aretxabaleta Manufacture of taps and safety Valves for gas heaters. ZARAGOZA Plastic injection moulding. Die Maier has an 89% holding (Gipuzkoa) systems for domestic gas Thermostats. Drain pumps. Pol. Ind. San valero, making. Finishes: chrome- and MCC Inversiones an Tel.: 34 943 71 94 99 applications. Nave 101 plating, screen-printing, heat 11% holding. Fax: 34 943 79 23 49 Ctra. Castellón km. 232 engraving, tampoprint, painting, E-mail: [email protected] COPRECI EIKA 50720 Zaragoza laser, etc. Activities: www.copreci.com SYSTEMS, s.r.l. Etxebarria - Apdo. 20 Tel. 34 976 501 026 Plastic injection moulding and Via G. Galilei, 12 E-48270 Markina Activities: Fax 34 976 501 038 MAIER NAVARRA finishing. 31010-Mareno Bizkaia Polígono Ind. Elordi, s/n Components for gas cooking, di Piave (TV) Tel.:+ 34 946 167 732 Activities: electric and electronic cooking, 31979 Iraizotz-Ultzama MAIER FERROPLAST ITALY Fax:+ 34 946 167 746 Shock-absorbing and leakproof washing machines, dishwashers (Navarra) Polígono “A Granxa” Tel: + 39 0438492531 E-mail: [email protected] components. and home comfort. Tel.: 34 948 309 210 Paralela 2, Rua 1 Fax:+ 39 0438492559 E- www.eika.es Fax: 34 948 309 333 36400 Porriño (Pontevedra) mail: COPRECI DO BRASIL Activities: PARANOA Maier has a 95% holding Apdo. 6015 [email protected] Sheathed heating elements. Ind. BORRACHA- and MCC Inversiones a 5% 36210 Vigo Av. Eurico Ambrogi Santos, www.copreci.com CIKAUTXO Tel.: 34 986 342 020 1900 A Electric hotplates. Radiant holding. Activities: Av. Casa Grande, 1.731 Fax: 34 986 342 999 Distrito Industrial heating elements and Touch Gas rails and pipes for cookers Piraporinha CEP 09961- 902 Activities: Maier has a 70% holding Piracangagua Controls for glass ceramic hobs. and hobs. Diadema-SP-(Brasil) Plastic injection moulding. and MCC Inversiones a CEP 12010-970 Tel. 55 11 40666533 30% holding. Taubaté SP Fax 55 11 40666182 BRASIL E-mail: Activities: Tel.: + 55 12 286-1573 [email protected] Thermoplastic injection Fax:+ 55 12 286-1553 Cikautxo has a 21% holding moulding. E-mail: and MCC Inversiones a 14% [email protected] holding. www.copreci.com Activities: Activities: Rubber parts. Taps and safety systems for domestic for gas applications.

53 List of MCC Companies

EIKA MEXICO FAGOR FAGOR ORKLI INCOPLAST Av. de las Misiones 10 ELECTRONICA ELECTRONICS Ctra. Zaldibia Carretera Vendrel Módulo 7, B San Andrés s/n (THAILAND) LTD. E-20240 Ordizia a Sant Jaume dels Domenys, K 1 Parque Industrial Bernardo E-20500 Mondragón Wellgrow I.E., Bangna-Trad (Guipúzcoa) 43710 Santa Oliva, Tarragona Quintana 3 Sección (Guipúzcoa) Km 36, Tel.: + 34 943 80 50 30 Tel.: 34 977 665 481 CONSTRUCTION El Marqués 76246, Tel.: + 34 943 71 25 26 82 Moo 5, Bangsamak, Fax: + 34 943 80 51 85 Fax: 34 977 667 977 Querétaro Fax: + 34 943 71 28 93 Bangpakong, [email protected] Tajo has a 40% holding. México E-mail: Chachoengsao, 24180 www.orkli.com Lifts and Activities: elevators [email protected] THAILAND Activities: Activities: Processing of plastics. [email protected] Manufacture and sale of Tel.:+ 66 38 570087-90 Components for safety, ORONA www.fagorelectronica.com components for electric Fax:+ 66 38 570091 regulation and control for MANCHALAN Pol. Ind. Lastaola cooking. Activities: E-mail: water heating, heating and Avda. Castilla La Mancha, 11 20120 Hernani Surface and axial mounting [email protected] plumbing, hot water systems E-19171 Cabanillas del (Gipuzkoa) CZEIKA discrete semiconductors, www.fagorelectronica.com and fluids. Campo Tel.: 34 943 551 400 Fax: 34 943 550 047 Prùmyslová, 3143/5 Analogue and Digital TV Fagor Electronica has a (Guadalajara) E-mail: 796 01 Prostéjov reception systems. Home 100% holding. ORKLI NINGBO Tel.: + 34 949 33 75 25 [email protected] CZECH REPUBLIC automation. Regulation and Nan 1 Rd. Meixu Industrial Fax:+ 34 949 33 75 26 Activities: Tel: + 420 582 36 04 40 control circuits for domestic Zone [email protected] Activities: Surface and axial mounting Fax:+ 420 582 36 04 00 appliances and automotive Yinxian Ningbo 315103 Tajo and Alecop each have Manufacture and installation discrete demiconductors. E-mail: [email protected] sector. CHINA a 20% holding. of lifts and escalators. www.eika.es Tel: 0574 88482181 MATZ-ERREKA Activities: Maintenance and repair of lifts FAGOR Fax:0574 88482643 Activities: Assembly of units and subuints and escalators. Installation and ELECTRONICA B de Ibarreta, s/n [email protected] Electric hotplates. for domestic appliance and maintenance of pedestrian Wireless communications. E-20577 Antzuola www.orkli.com automotive sectors. Plastic doors. Technological Development (Gipuzkoa) FOUNDEIK Activities: injection. Centre. Tel.: 34 943 78 60 09 Safety devices for gas Structures Nádrazní, 50 Hlubocky- Av. de los Castros, s/n Fax: 34 943 76 63 75 domestic appliances. and Handling Mariánské Üdolí 783 66 E-39005 Santander E-mail: CZECH REPUBLIC (Cantabria) [email protected] BIURRARENA Tel.: 00 420 685067560 cc.es TAJO Tel. + 34 942 291 400 Pol. Bidebitarte Fax: 00 420 685067800 www.matz-erreka.com Polígono Ind. Aranguren s/n Fax:+ 34 942 200 921 e- Donostia Ibilbidea, 28 E-mail: B Arragua mail: dsantander@ Activities: Apdo. 887 [email protected] E-20180 Oiartzun fagorelectronica.es Plastic injection. Fixing 20014 Astigarraga (Guipúzcoa) Activities: www.fagorelectronica.com elements. Automation (Gipuzkoa) Tel.: + 34 943 26 00 00 Casting. equipment for doors and Tel.: 34 943 554 350 Activities: Fax: + 34 943 49 13 63 shutters. Fax: 34 943 555 360 Wireless communications: E-mail: EMBEGA • Fleet management. E-mail: MATZ-ERREKA [email protected] P. I. San Miguel, s/n • Wifi networks. [email protected] MEX Activities: E-31132 Villatuerta Activities: Misión de Bucareli, 8 Plastic injection. Mould (Navarra) Machinery: Sale and After Parque Industrial Bernardo construction for plastic Tel.:+ 34 948 54 87 00 Sales Service for public works Quintana, injection. Fax: + 34 948 54 87 01 machinery. El Marqués - 76249 E-mail: Environment: Design and cons- Queretaro [email protected] truction of sorting and reco- MEXICO www.embega.com very plants (light packaging, Tel.: + 52 442 221 6078 RCDs, domestic appliances and Activities: Fax: + 52 442 221 6080 other technologies). Metallic decorative E-mail: u.sabatie Underground containers. components for domestic @erreka-mex.com appliances. Membrane switches. Polymeric printed Activities: gaskets. Plastic injection .

54 ECOTÈCNIA VENDAVAL Construction EREDU Technical C/Roc Boronat, 78 PROMOCIONES Work and Ola Auzoa, 4 Components and 08005 Barcelona EOLICAS Materials 20250 Legorreta Equipment Tel.: 34 932 257 600 C/Roc Boronat, 78 ETORKI (Gipuzkoa) Fax: 34 932 210 939 08005 Barcelona Tel.: 34 943 806 100 AMPO Pol. Ind. Murga, 16 INDUSTRIAL E-mail: (Barcelona) Fax: 34 943 806 374 B Katea, s/n. 01479 Murga-Aiala EQUIPMENT [email protected] Tel.: 34 932 257 600 E-mail: [email protected] Idiazabal (Guipúzcoa) (Alava) Fax: 34 932 210 939 Tel.: 34 943 188 000 Activities: Tel.: 34 945 399 072 Leisure and sport Activities: E-mail: Fax: 34 943 188 130 Design, manufacture and main- Fax: 34 945 399 223 Metal furniture for countryside, [email protected] tenance of wind-powered E-mail: DIKAR beach and garden. Modern Activities: www.ecotecnia.com generators and wind farms. [email protected] furniture for indoor use. Steel casting and spun tube for Ecotècnia has a 40% Urarte Kalea, 26 industrial valves. AMPO holding and MCC Activities: Apdo. 193 ECOTÈCNIA GALICIA ORBEA Industrial valves for petro- Inversiones has a 20 % Pine boards and planks. (Pol. Ind. San Lorenzo) Polígono Industrial chemical industry, natural gas, holding. 20570 Bergara Pol. Ind. Goitondo Parcela B power and aluminium. POYAM. LANA (Gipuzkoa) 48269 Mallabia 15565 AS Somozas Activities: Tel.: 34 943 765 548 (Bizkaia) C/ Santxolopetegui A Coruña Promotion of wind farms. Fax: 34 943 760 814 Tel.: 34 943 171 950 BECKER Auzoa, 24 Tel.: 34 981 404 090 E-mail: [email protected] Fax: 34 943 174 397 Amezketa Bidea, s/n 20560 Oñati Fax: 34 981 404 473 ROCHMAN E-mail: 20260 Alegia, Guipúzcoa (Gipuzkoa) Activities: Activities: 48210 Ochandiano orbea@sarenet Tel.: 34 943 653 340 Tel.: 34 943 780 111 Muzzle-loading sporting guns. Wind-powered generators and (Bizkaia) www.orbea.mcc.es Fax: 34 943 654 243 Fax: 34 943 783 222 wind farms. Tel.: 34 945 450 075 E-mail: SHANGHAI Activities: Activities: Fax: 34 945 450 257 [email protected] Bicycles. Copper and aluminium electric ECOTÈCNIA WINGROUP LEISURE E-mail: [email protected] conductors. NAVARRA www.lana-scoop.es AND SPORTS Activities: EQUIPMENT Pol. Ind. de Buñuel, Parcela Activities: Rollways. Handling installations. EDERFIL G.1 Formwork boards. Boards for 8 Menjin Huangdu Packaging and wrapping Pol. Industrial, s/n 31540 Buñuel (Navarra) furniture. Three-ply boards. Jiading District machines. 20250 Legorreta Tel.: 94 883 20 12 Boards for structural use. Shanghai, China 201 804 Fax: 94 883 20 59 Tels: (Gipuzkoa) E-mail: URSSA (86-21) 59 594 769 Tel.: 34 943 806 050 [email protected] Campo de los Palacios (86-21) 59 594 169 Fax: 34 943 806 349 www.ecotecnia.com Apdo. 284 Fax: E-mail: [email protected] Ecotècnia has a 25% 01006 Vitoria (Alava) (86-21) 59 592 187 Activities: E-mail: comercial@ holding. Tel.: 34 945 135 744 Electric conductors. Fax: 34 945 135 792 wingroupscoop.com. Activities: E-mail: [email protected] Assembly of wind-powered Activities: HERTELL www.jet.es/urssa generators. Fitness equipmen. Poligono Industrial, 2 Activities: 20267 Ikastegieta CALDERERIA Engineering, manufacture of WINGROUP (Gipuzkoa) TORRES ALTAMIRA metal structures. Apartado 168 Tel.: 34 943 653 240 Pol. Ind. El Pinar, s/n Urarte, 14 Fax: 34 943 653 332 49530 Coreses (Zamora) 20570 Bergara E-mail: [email protected] Tel.: 34 980 500 610 (Gipuzkoa) www.hertell.net Fax: 34 980 500 476 Tel.: 34 943 769 056 Activities: E-mail: Fax: 34 943 769 178 Manufacture of vacuum pumps, [email protected] E-mail: comercial@ valves and accessories for www.ecotecnia.com wingroupscoop.com cisterns. Ecotècnia , MCC Inversiones and Urssa have a holding. Activities: Camping and fitness equipment. Activities: Manufacture of towers for wind-powered generators.

55 List of MCC Companies

IRIZAR IRIZAR MÉXICO UROLA Industrial COINALDE LITOGRAFIA San Andrés, 6 Parque Ind. Bernardo Urola-Kalea, s/n Services Concejo, 10 DANONA 20216 Ormaiztegi Quintana Apdo. 3 ALECOP 01013 Vitoria Pol. Ugaldetxo, s/n (Gipuzkoa) Parcelas 7 al 12-Manzana14 20230 Legazpia (Alava) 20180 Oiartzun Loramendi, s/n Tel.: 34 943 809 100 Municipio El Marqués (Gipuzkoa) Tel.: 34 945 264 288 (Gipuzkoa) 20500 Mondragón Fax: 34 943 889 101 Queretaro-México Tel.: 34 943 737 003 Fax: 34 945 253 997 Tel.: 34 943 491 250 (Gipuzkoa) E-mail: [email protected] Tel. 00 52 42 382500 Fax: 34 943 730 926 Fax: 34 943 491 660 Tel.: 34 943 712 405 Activities: www.irizar.com Fax 00 52 42 215395 E-mail: E-mail: danona@ Fax: 34 943 799 212 Nails. Wire. Metal mesh. E-mail: [email protected] mondragongraphics.com Activities: E-mail: [email protected] [email protected] [email protected] www. Luxury long- and medium- www.alecop.mcc.es www.urola.com ELKAR mondragongraphics.com distance coach bodywork. Activities: Activities: Larrondo Beheko Etorbidea, Coach manufacture. Activities: Edif. 4 Activities: IRIZAR DO BRASIL Technical educational Construction of blowing 48180 Loiu Industrial catalogues. Bookss. Rodobia Mal. Rondon, Km. equipment. Prefabricated HISPACOLD machines for the manufacture (Bizkaia) Advertising leaflets. Annual 252,5 electrical installations. Autovía Sevilla-Málaga, K of hollow thermoplastic bottles. Tel.: 34 944 535 205 reports. Magazines. Graphic CEP 18603-970 1,8 Manufacture of blowing Fax: 34 944 535 776 products in general.. Botucatu-SP-Brasil PRODESO 41016 Sevilla moulds. Plastic extrusion. Plastic E-mail: Tel.: 55 14 68028000 Uribe Auzoa, 10 (Sevilla) injection moulding. Plastic [email protected] ROTOK Fax: 55 14 68028001 202500 Mondragón Tel.: 34 954 677 480 blowing. Plastic injection www. INDUSTRIA GRÁFICA E-mail: [email protected] (Gipuzkoa) Fax: 34 954 999 728 moulding-blowing. mondragongraphics.com Pol. Industrial Txirrita-Maleo. Tel.: 34 943 712 630 Activities: Irizar has a 65% holding. Pabellón 11 Fax: 34 943 711 717 Activities: Coach manufacture. Pol. Ugaldetxo, s/n Activities: E-mail: [email protected] Industrial catalogues. Books. 20100 Renteria Coach manufacture. IRIZAR TVS Activities: Advertising leaflets. Annual (Gipuzkoa) Reports. Magazines. Graphic Trichy Road, Viralimalai Education and training systems. Tel.: 34 943 344 614 MASATS products in general. 621316 Tamil Nadu Consultancy and technical Fax: 34 943 524 767 (India) Carretera Bruc a Manresa assistance in education. Teaching E-mail: Tel.: 00 91 4339 20393 08240 Manresa material. Technological research EVAGRAF [email protected] Fax: 00 91 4339 20236 Apdo. 171 (Barcelona) centres. Company creation and Polígono Alibarra, 64 www. E-mail: Tel.: 34 938 352 900 innovation centres. General 01010 Vitoria (Alava) mondragongraphics.com [email protected] Fax: 34 938352 920 consultancy. Tel.: 34 945 245 550 MCC Inversiones has a 37% Irizar has a 52% holding. Fax: 34 945 245 612 holding and Keslan, Danona Activities: Activities: ALKARGO E-mail: and Elkar a 38% holding. Coach bodywork. [email protected] Coach manufacture B Belako, s/n www. Activities: Apdo 102 IRIZAR MAGHREB mondragongraphics.com Printing. 48100 Mungia (Bizkaia) Oulja, Km 0.300 TIANJIN IRIZAR Tel.: 34 946 741 700 Sal-e - Morocco COACH Activities: Fax: 34 946 744 417 Tel.: 212 7 81 01 15 218 Hong Qi Catalogues. Magazines. Books. E-mail: [email protected] Tel.: 212 7 81 01 13 Nankai District Posters. Leaflets. Annual reports. Tianjin (China) Activities: Activities: Tel.: 86 022 761 3041 Distribution transformers. Coach manufacture. Fax: 86 022 761 3345 Medium-power transformers. Irizar has a 36% holding Autotransformers. Dry Activities: encapsulated transformers. Coach manufacture.

56 OIARSO FAGOR GEYSER GASTECH Furniture Catering Equipment B Zikuñaga, 57-F ELECTRODOMESTICOS B San Juan s/n COINMA B San Andrés, s/n Polígono Ibarluze Apdo. 151 Vitoriabidea 4-Z.I. FAGOR INDUSTRIAL 20128 Hernani Apdo. 49 20570 Bergara (Gipuzkoa) Ali - Gobeo Santxolopetegui, 22 (Gipuzkoa) 20500 Mondragón Tel.: 34 943 769 004 HOUSEHOLD GOODS 01010 Vitoria (Alava) Aptdo. 17 Tel.: 34 943 335 020 (Gipuzkoa) Fax: 34 943 767 136 Tel.: 34 945 241 616 20560 Oñati (Gipuzkoa) Fax: 34 943 335 210 Tel.: 34 943 719 100 Fagor Electrodomesticos Fax: 34 945 240 637 Tel.: 34 943 718 030 E-mail: Domestic Fax: 34 943 796 881 has a 50% holding. E-mail: [email protected] Fax: 34 943 718 181 [email protected] appliances E-mail: www.sidi.es/coinma E-mail: fagorelectrodomesticos@ Activities: DOMUSA [email protected] Activities: mcc.es Gas water heaters. Activities: B San Esteban, s/n www.fagorindustrial.com For the health sector: Infusion www.fagorelectrodomesticos. Office furniture. 20737 Errezil equipment. Transfusion mcc.es WROZAMET Activities: equipment. Catheters. Aptdo. 95 - 20730 Azpeitia Zmigrodzka 143 St. COINMA INDIA 300 to 3,000 dishes/hour Epicraneals. Enteral nutrition. Tel.: 34 943 813 899 Activities: Wroclaw POLAND 41, Sector 18, Udyog Vihar, dishwashers. Parentaral nutrition. Fax: 34 943 815 666 Cookers. Ovens. Extractor fans. Tel. 00 48 713 244 542 Gurgaon Glass washers. 7-10-14-25-50 www.domusa.es Microwave ovens. Air Accessories and connectology. Fax 00 48 713 253 363 conditioning. Fridges and 122001 Haryana (India) kg. washing machines. Probes. Anaesthesia Activities: E-mail: [email protected] freezers. Washing machines. Tel.: 91 124 6348245 Ranges. Brat pans. Convection equipment. Anti AIDS kit. Individual boilers. MCC Inversiones and Dryers. Dishwashers. Water Fax: 91 124 6346870 and combi steamers (gas and Fagor Electrodomesticos heaters. Boilers. Storage heaters. E-mail: electric). Fryers. Fry-tops. OSATU have a 75.96% holding EDESA Kitchen units and kitchenware. [email protected] Commercial refrigeration. Edificio Zearrekobuelta www.interiorsespania.com Cervantes, 45 Activities: Subida de Areitio, 5 48970 Basauri ELCO-BRANDT Manufacture of domestic Activities: DANUBE 48260 Ermua (Bizkaia) (Bizkaia) 7 Rue Henri Becquerel appliances. Furniture for the home and Parq D’Activités de Sologne, Tel.: 34 943 170 220 Tel.: 34 944 667 100 92854 Rueil-Malmaison office. BP 19 Fax: 34 943 170 227 Fax: 34 944 495 096 Cedex-France 41600 Lamotte-Beuvron E-mail:[email protected] www.edesa.mcc.es Tel.: 331 471 666 06 DANONA Tel.: 33-2-548 80 576 www.osatu.com Fax: 33-1-549 68 904 Activities: Fagor Electrodomesticos Anardi Area, 2 has a 10% holding. Participada al 60% por Activities: White goods Apdo. 42 Electro-medical equipment: Fagor Industrial. Activities: 20730 Azpeitia (Gipuzkoa) Basic defibrillators, with EDESA HOSTELERIA Manufacture of domestic Tel.: 34 943 815 900 Activities: monitor and recording, with Polígono San Milans appliances Fax: 34 943 151 481 Industrial ironing and drying pacemakers and pulsioximetry, C/Can Milans, 13 E-mail: machines semiautomatic. 08110 Moncada I Reixach, EXTRA [email protected] Barcelona ELECTROMENAGER www.danona.mcc.es TALLERES ROCA Tel.: 34 935 651 130 Avenue Hassan II Activities: Polígono Industrial La Fax: 34 935 750 342 BP 179 Mohammedia Veneered and melamine loun- Quintana (Marruecos) 08514 San Juliá de Activities: ge furniture. Veneered and Tel.: 212 2 3327412 melamine dining room furnitu- Vilatorta Food preparation products. Fax 212 2 3327425 re. Veneered and melamine Barcelona Fagor Electrodomésticos bedroom furniture. Veneered Tel.: 34 938 122 790 has a 100% holding. and melamine children’s Activities: bedroom furniture. Upholste- Activities: Manufacture and sale of red sofas.. Manufacture of domestic machinery and accessories for appliances the catering industry.

57 List of MCC Companies

FAGOFRI Engineering and SEI LKS INTELCOM LKS TASACIONES Ctra. Córdoba-Málaga km. 8 Consultancy Technopole Izarbel Polígono Basabe Pol. Basabe, Edificio F 14900 Lucena (Córdoba) Inmeuble Cré@ticité FO, 2 p. 20550 Aretxabaleta Tel.: 34 956 516 179 LKS Batimen A 64210 Bidart, 20550 Aretxabaleta (Gipuzkoa) Fax: 34 957 515 621 P José M Francia (Gipuzkoa) Tel.: 943 712 100 ENGINEERING AND Fagor Industrial has a 51% CAPITAL GOODS Arizmendiarrieta, 5 Tel.: 335 5958 0000 Tel.: 34 943 712 451 Fax: 943 797 735 holding 20500 Mondragón Fax: 335 5958 0199 Fax: 34 943 712 351 E-mail: tasaciones@ (Gipuzkoa) E-mail: [email protected]. E-mail: intelcom@ lksingenieria.es Activities: Automation and Tel.: 34 943 712 464 MSI and AIC have a 100% lksingenieria.es www.lks.es Refrigeration equipment. Control Fax: 34 943 771 012 holding LKS Ingenieria, MSI and LKS Ingenieria has a 90% E-mail: AIC have a 100% holding. holding. KIDE FAGOR Activities: [email protected] Pol. Gardotza, s/n AUTOMATION Computing and software Activities: Activities: 48710 Berriatua (Bizkaia) B San Andrés s/n Activities: development Engineering, Property valuation. Property Tel.: 34 946 833 510 Apdo. 144 Consultancy: Management Telecommunications. advice. Property management. Fax: 34 946 833 133 20500 Mondragón Advice. Specific solutions. I3S E-mail: (Gipuzkoa) Training in Strategy, Quality Avda. Altos Hornos EDE INGENIEROS LKS STUDIO [email protected] Tel.: 34 943 719 200 and Continuous Improvement, de Bizkaia, 33 Parque empresarial Inbisa Almagro, 15 - 5 planta Fax: 34 943 791 712 Marketing, Organisation and Edificio Ilgner Activities: Edificio C. 28010 Madrid (Madrid) E-mail: info@ Human Resources, Industrial 48902 Barakaldo (Vizcaya) Polígono Aurrera M8 Tel.: 917 022 474 Insulated panels and doors for fagorautomation.es Engineering and Logistics, Tel.: 34 944 180 216 48510 Trapagarán Fax: 917 022 475 coldrooms, cold stores and www.fagorautomation.com Economic-Financial matters. Fax: 34 944 189 308 (Vizcaya) E-mail: [email protected] miniboxes. Account auditing. MSI, MCC Inversiones and Activities: LKS Ingeniería has a 70% LKS Ingenieria and AIC Telecommunications AIC have a 51% holding. holding. have a 60% holding. Numerical control system engineering. (CNC). Digital readouts. Linear Activities: Activities: Activities: and rotary transducers. Digital LKS CDEE Consultancy and sale of Consultancy and energy Building project management. regulation systems and motors. computer services. supplies, Cogeneration, Zurbano, 69, 1 planta Installation and process 28010 Madrid INDISER LKS INGENIERIA engineering. Tel.: 34 913 191 299 Plaza Alférez Provisional, 3 Fax: 34 913 198 102 P José M entreplanta MACLA E-mail: Arizmendiarrieta, 5 26001 Logroño Plaza de [email protected] 20500 Mondragón (La Rioja) Escabazábal, 8-6 AIC, LKS, S.Coop have a (Gipuzkoa) Tel.: 941 221 318 31600 Burlada (Navarra) 73% holding. Tel.: 34 943 712 488 Fax: 941 226 558 Fax: 34 943 793 878 Tel.: 34 948 363 456 E-mail: Activities: E-mail: [email protected] Fax: 34 948 136 694 [email protected] Engineering and consultancy. www.lksingieneria.mcc.es LKS Ingeniería has a 46% LKS Ingenieria has a 100% holding. holding. LKS IAMM Activities: Engineering consultancy. Activities: Activities: Aita Larramendi, 5 Industrial design. Civil Civil engineering. Construction Winery project engineerings. 2 izda. engineering. Building. engineering. Town planning 48012 Bilbao advice Tel.: 944 702 080 Environmental advice. Fax: 944 701 107 E-mail: [email protected] LKS has a 60% holding. Activities: Market research .

58 MSI ONDOAN Forming and Forming GILLET MONDRAGON MONDRAGON SERVICIOS Assembly machinery Rechbergstrasse, 29 ASSEMBLY SISTEMAS DE Parque Tecnológico BATZ TROQUELERIA AURRENAK 71127 Gaüfelden, Alemania GERMANY INFORMACION Edif. 101 módulo C Tel.: 49 703 297 9621 Winterspürer Strase 19 B Torrea 32 - 34 Vitorialanda 15 Ama kandida, 21 (Denac) 48170 Zamudio Fax: 49 703 297 9621 D-78333 Stockach 48140 Igorre Ali - Gobeo 20140 Andoain (Bizkaia) Fagor Arrasate has a 50% Tel.: 49 777 187 73-0 (Bizkaia) 01010 Vitoria (Gipuzkoa) Tel.: 944 522 270 holding. Fax: 49 777 187 73-29 Tel.: 34 94 6315 707 Tel.: 34 945 244 850 Tel.: 34 943 594 400 Fax: 944 521 047 E-mail: info@ Fax: 34 94 6315 566 Fax: 34 945 246 912 Activities: Fax: 34 943 590 536 Ondoan, S. Coop. has a mondragon-assembly.de E-mail: E-mail: Design and manufacture of E-mail: 100% holding.. [email protected] [email protected] transfer and peripheral systems Activities: [email protected] Activities: for presses. Automatic assembly systems. [email protected] Activities: Activities: Installation maintenance Robotics Die manufacture. Tooling for different iron and Activities: management. aluminium casting technologies MONDRAGON Computer systems and services MATRICI ASSEMBLY MONDRAGON MONDRAGON in the automotive sector. Polígono Ugaldeburu II Polígono Industrial ASSEMBLY FRANCE CONET ONDOAN 48170 Zamudio LORAMENDI Bainetxe, Pab. 5-A Site d’Orange Parque Tecnológico Iturroz, 21 bajo (Bizkaia) Alibarra, 26 20550 Aretxabaleta Parc d’Activités Les Pradines Edif. 101 módulo C 20500 Mondragón Tel.: 34 946 002 020 01010 Vitoria Tel.: 34 943 712 080 1376, R. N. 7 route de Lyon 48170 Zamudio (Gipuzkoa) Fax: 34 944 522 225 Tel.: 34 945 184 300 Fax: 34 943 712 210 84100 Orange (Bizkaia) Tel.: 943 712 727 E-mail: info@ Tel.: 33 490 111 660 Activities: Fax: 34 945 184 304 Tel.: 944 522 313 Fax: 943 711 750 mondragon-assembly.com Fax: 33 490 511 887 Engineering, design and www.loramendi.es Fax: 944 521 047 E-mail: [email protected] orange@mondragon- manufacture of tooling, for Activities: E-mail: [email protected] www.conetion.com Activities: assembly.com www.krisol.com drawing and plate work, for car Automatic assembly systems. Delegación en Gipuzkoa: Machinery for casting and Fagor Sistemas has a 99% AIC has a 62% holding and bodywork. Complete package Robotics. Polígono Basabe, F05 assembly. holding. MCC Desarollo a 38% projects, integrated turnkey 20550 Aretxabaleta holding. services including overall design MONDRAGON Site de Compiègne (Gipuzkoa) (concurrent engineering, FAGOR ARRASATE ASSEMBLY 84. rue des Longues Rayes Tel.: 943 771 587 Activities: simulation, prototypes, solid and (Catalunya) 60610 La Croix Saint Ouen Fax: 943 771 684 Connectivity and content 3D design), manufacture (high B San Andrés, 20 Ronda Industria 22-24 Tel.: 33 344 915 200 E-mail: aretxabaleta services. speed machining, assembly and Apdo. 18 08210 Barberá del Vallés Fax: 33 344 910 025 @ondoan.com fine tuning) and commissioning 20500 Mondragón (Barcelona) compiegne@mondragon- of tooling at the client’s plant. (Gipuzkoa) assembly.com Activities: Tel.: 34 943 719 999 Tel.: 34 937 192 143 Design and development of: MATRICI SISTEMAS Fax: 34 943 799 677 Fax: 34 937 187 018 Activities: Engineering projects and site E-mail: Políg. Indust. Igeltzera E-mail: fagorarrasate@ Automatic assembly systems. management, carrying out and j.bolea@mondragón- Igeltzera, 8 fagorarrasate.com Robotics. maintenance of general assembly.com 48610 Urduliz www.fagorarrasate.mcc.es installations, emergency and self- Fagor Sistemas has a 60% (Bizkaia) ONA-PRES protection plans and turnkey Activities: holding. Tel.: 34 944 030 626 Pol. Industrial systems. Environmental Presses and stamping systems. Fax: 34 944 030 627 Activities: Ugaldeguren II Consultancy and Advice Service. Strip processing systems. Automatic assembly systems. B San Antolín, s/n Workplace Risk Prevention Activities: Systems for continuous manu- Robotics. 48170 Zamudio (Bizkaia) Consultancy and Advice Service. Sheet metal assembly and facture of complex metal parts. Tel.: 34 944 523 808 Maintenance and Repair of welding systems. Welded tube and section manu- facturing systems. Fax: 34 944 523 980 general installations in industrial Transfer, progressive and con- E-mail: buildings and services. ventional dies. [email protected] Engineering and consulting. Activities: Hydraulic presses.

59 List of MCC Companies

OVERBECK GOITI DANOBAT-BIMATEC Machinery for ORTZA Konrad Adenauer Strasse Arriaga Kalea 1 Limburg Wood, Tooling Pol. Areta, s/n 27 Apdo. 80 Tel.: (49) 643 197 820 and Fixtures 31620 Huarte-Pamplona D-35745 Herborn, E-20870 Elgoibar Fax: (49) 643 171 102 DOIKI (Navarra) GERMANY (Gipuzkoa) [email protected] Tel.: 34 948 330 438 Pol. Ind. Goitondo 5 MACHINE TOOLS Tel.: 49 2772 801-0 Tel.: 34 943 748 023 www.bimatec.de Fax: 34 948 330 002 48269 Mallabia (Bizkaia) Fax: 49 2772 801-153 Fax: 34 943 748 144 E-mail: Activities: Tel.: 34 943 171 600 E-mail: [email protected] E-mail: [email protected] Machine Tools Milling machines Fax: 34 943 174 273 www.overbeck.de [email protected] (Cutting) E-mail: Activities: www.goiti.com Activities: [email protected] Machinery for wood. Equalising DANOBAT Cylindrical interior and Activities: and sectioning saws. Machining Activities: Arriaga kalea, 21 combined interior/exterior CNC sheet metal punching centres. Dimensional verification tooling. Apdo. 28 grinding machines.. machines. CNC punching High precision mechanics. E-20870 Elgoibar machines with shears included. Electronic, pneumatic and (Gipuzkoa) DANOBAT SISTEMAS Laser cutting machines. mechanical gauges. Machining Tel.: 34 943 748 044 Apraiz Kalea 1, Automatic press brakes and fixtures. Fax: 34 943 743 138 Apdo. 199 flexible bending and punching E-mail: E-20870 Elgoibar systems. Punching tools. EGURKO [email protected] (Gipuzkoa) Combined punching machine. Basusta Bidea, 9 www.danobat.com Tel.: 34 943 748 050 Apdo. 25 Fax: 34 943 743 767 LEALDE Activities: 20750 Zumaia (Gipuzkoa) E-mail: Grinding machines: CNC, Barrio Kortazar s/n Tel.: 34 943 860 100 ds-sistemas@ cylindrical, exteriors and Apdo. 11 Fax: 34 943 143 107 ds-sistemas.com interiors, flat surfaces, bridge E-48.288 Ispaster (Bizkaia) E-mail: www.ds-sistemas.com and special for the aeronautical Tel.: 34 946 844 004 [email protected] sector. Horizontal and vertical Activities: Fax: 34 946 844 130 sawing machine with storage Activities: Special and transfer machines. E-mail: systems. Lathes: CNC, lathe Machinery for wood. Edge Flexible machining lines. High [email protected] centres, vertical. veneering machines. Profiling speed horizontal machining www.lealde.com machines. Combined veneering centres.. DANOMAR Activities: + profiling machines. Sanding Horizontal CNC lathes. Lathes 3400 CLUJ Napoca - machines. ESTARTA for fluid valves. ROMANIA B-dul MunciiNr Sigma Industrialdea 14 PO.Box1404 LATZ Xixilion kalea, 2, Pab. 10 Tel.:0040-64-415006 SORALUCE Avda. de los Gudaris, s/n Apdo. 147 Fax.:0040-64-415047 B Osintxu Apdo. 56 E-20870 Elgoibar Apartado 90 20140 Andoain (Gipuzkoa) Activities: (Gipuzkoa) E-20570 Bergara Tel.: 34 943 592 512 Ancillary industry for machine Tel.: 34 943 743 705 (Gipuzkoa) Fax: 34 943 591 391 tools. Fax: 34 943 741 758 Tel.: 34 943 769 076 E-mail: E-mail: Fax: 34 943 765 128 NEWALL UK [email protected] [email protected] E-mail: Ocean House, Newark www.estarta.com [email protected] Activities: Road Standard HSS, HSSCo and solid Activities: www.soraluce.com Peterborough carbide drills. Special HSS, Construction of centreless PE1 5UA, UK Activities: HSSCo and solid carbide tools. grinding machines. Tel.: 44 (0) 1733 894 050 Moving column milling centres. Fax: 44 (0) 1733 892 040 Fixed bed CNC milling E-mail: [email protected] machines. Machining centres. www.newall-uk.com Gantry machining centres and Activities: milling machines. Grinding machines for the aerospace industry and retro- fitting.

60 ULMA Distribution Group Agro-food BARRENETXE MANUTENCION AUZO-LAGUN Okerra, 7 P Otadui, 8 Apdo. 32 48270 Markina (Bizkaia) Distribution EROSMER Uribarri Auzoa, 13 20560 Oñati Tel.: 34 946 168 143 B San Agustín, s/n 20500 Mondragón (Guipúzcoa) EREIN COMERCIAL INDUSTRIAL 48230 Elorrio (Bizkaia) (Gipuzkoa) Explot. Berriatua: Tel.: 34 943 782 492 Pol. Ibur Erreka, s/n SYSTEMS Tel.: 34 946 211 211 Tel.: 34 943 794 611 Tel.: 34 946 139 157 Fax: 34 943 782 910 Apdo. 242 Fax: 34 946 211 222 Fax: 34 943 794 366 Explot. Etxeberria: www.ulma.es 20600 Eibar (Gipuzkoa) ULMA C y E Participada al 100% E-mail: Tel.: 34 946 166 173 Tel.: 34 943 208 544 Activities: por Grupo Eroski. [email protected] E-mail: P Otadui, 3 Apdo. 13 Fax: 34 943 208 634 Automatic warehouses. [email protected] 20560 Oñati [email protected] Activities: Activities: Forklift trucks. (Guipúzcoa) Retailing of consumer products Catering. Cooked dishes. Activities: Activities: Tel.: 34 943 034 900 in large stores.. Cleaning of buildings and Horticulture in greenhouses and ALPI SPA Marketing of food products to Fax: 34 943 034 920 premises. the open air. Zona Industriale I-39035 the catering trade and www.ulma.es Complete service for the health Monguelfo/BZ, Italia collectives. Activities: care sector. BEHI-ALDE Tel.: 39 0474 947 400 Greenhouses. Construction Fax: 39 0474 947 499 EROSKI Olaeta-Aramaiona (Alava) systems. Packaging systems. COMISLAGUN Apdo. 44 (Mondragón) [email protected] B San Agustín, s/n Padre León, 9 Tel.: 34 945 450 100 www.alpionline.net 48230 Elorrio (Bizkaia) ULMA FORJA Alaquas- Valencia Granja: 34 945 450 100 Tel.: 34 946 211 211 B Zubillaga, Apdo. 14 Activities: Tel.: 34 961 988 016 Fax: 34 946 211 222 Activities: 20560 Oñati Industrial systems. Fax: 34 961 515 907 E-mail: Milk. Livestock for breeding and (Guipúzcoa) E-mail: [email protected] meat. BAUMA [email protected] Tel.: 34 943 780 552 www.eroski.es ul.Klasykow, 10 Auzo-Lagun has a 73.4% Fax: 34 943 781 808 GSR www.ulma.es 03-115 Warszawa, Poland Activities: holding. Tel.: 48 22 510 2300 Retailing in small and large Uribe Auzoa, 13 Activities: Activities: Fax: 48 22 814 3131 stores: Fruit and vegetables, 20500 Mondragón Flanges and fittings. Catering for groups. Complete [email protected] meat and cold meats, fish, dairy (Guipúzcoa) service for health care sector. www.bauma.com.pl products, groceries, drinks, Tel.: 34 943 712 164 ULMA frozen food, sundries and Fax: 34 943 712 165 Activities: JANGARRIA HORMIGON cleaning materials, textiles, E-mail: Industrial systems. POLIMERO domestic appliances, leisure Katuarri, 20 [email protected] Ansoain- Navarra B Zubillaga, 89 articles, do-it-yourself, sound Activities: Tel.: 34 948 140 192 Apdo. 20 and vision, kitchenware, travel Residential service management. 20560 Oñati and petrol. Fax: 34 948 131 892 Auzo-Lagun has a 100% (Guipúzcoa) MIBA Tel.: 34 943 780 600 FORUM SPORT holding. Ctra. Etxebarria, s/n Fax: 34 943 716 469 B Kortederra, s/n Activities: 48270 Markina (Vizcaya) www.ulma.es 48340 Amorebieta (Bizkaia) Catering for groups. Complete Tel.: 34 946 167 884 Activities: Tel.: 34 946 300 094 service for health care sector. Fax: 34 946 167 886 Prefabricated elements for Fax: 34 946 300 760 Olaeta-Aramaiona (Alava) construction. E-mail: Granja: [email protected] 34 945 450 259 The Eroski Group has a 52% holding. Activities: Compound feeds. Small Activities: agricultural machinery. Fertilisers Shopping and Sports Centres and seeds. Phytosanitary products. Veterinary service.

61 List of MCC Companies

MULTIFOOD IDEKO LORTEK ULMA PTC ETEO B Uribarri, 13 A RESEARCH, EDUCATION Arriaga kalea, 2 Barrio La Granja s/n B Garibai, 28Apartado 145 ESCUELA UNIVERSITARIA 20500 Mondragón AND TRAINING Apdo. 80 20240 Ordizia 20560 Oñati, Guipúzcoa ESTUDIOS EMPRESARIALES (Guipúzcoa) CENTRES 20870 Elgoibar Tel.: 34 943 882 303 Tel.: 34 943 039 350 Larraña, 33 Tel.: 34 943 711 960 (Gipuzkoa) Fax: 34 943 039 341 Activities: 20560 Oñate Fax: 34 943 711 961 Tel.: 34 943 748 000 [email protected] (Gipuzkoa) Joining technologies. Fax: 34 943 743 804 Tel.: 34 943 781 311 Activities: Centros de Activities: E-mail: E-mail: Ready-prepared food. Research Centres MIK Research and development. [email protected] [email protected] AOTEK [email protected] Uribarri Etorbidea, 3 UNEKEL Apartado 79 Activities: Barrio San Andrés s/n www.ideko.es Barriada de Berrio, s/n 20500 Mondragón Education and Training in business Apartado 2 48230 Elorrio (Bizkaia) Activities: (Gipuzkoa) Training Centres administration. 20500 Mondragón Development of and innovation Tel.: 34 946 167 884 Tel.: 34 943 719 191 ARIZMENDI Tel.: 34 943 039805 in machine tools and systems. Fax: 34 946 167 886 Fax: 34 943 793 999 Larrin Plaza, 1 GOIERRI Fax: 34 943 719203 Product development. E-mail: 20550 Aretxabaleta Granja Auzoa, s/n. Activities: [email protected] Improvement of production [email protected] (Gipuzkoa) 20240 Ordizia Breeding of rabbits. processes. Technical support. Activities: www.mik.es Tel.: 943 793 132 (Gipuzkoa) Automation and optics. Technology monitoring. Activities: Fax: 943 797 922 Tel.: 943 880 062 Fax: 943 880 176 Business management research E-mail: EDERTEK IKERLAN E-mail: centre. arizmendi@arizmendi. Uribarri-Auzoa, 6 José María ikastola.net [email protected] Apdo. 19, Mondragón, Arizmendiarrieta, 2 MTC Activities: Guipúzcoa Apdo. 146 Activities: Education. Tel.: 34 943 739 313 20500 Mondragón MAIER TECHNOLOGY Education. Fax: 34 943 718 086 (Gipuzkoa) CENTRE Tel.: 34 943 771 200 Pol. Ind. Arabieta CIM (AHIZKE) HUMANITIES AND Activities: Fax: 34 943 796 944 48300 Gernika Avenida de Alava, 4 EDUCATION Innovation and development. E-mail: (Bizkaia) 20500 Mondragón SCIENCE FACULTY [email protected] Tel.: 34 946 259 265 (Gipuzkoa) 20540 Eskoriatza GARAIA www.ikerlan.es Fax: 34 946 259 258 Tel.: 34 943 712 055 (Gipuzkoa) Uribe-Auzoa, 3 E-mail: Fax: 34 943 712 181 Activities: Tel.: 34 943 714 157 20.500 Mondragón [email protected] E-mail: [email protected] Fax: 34 943 714 032 Contracted R&D projects for the Guipúzcoa www.cim-idiomas.com E-mail: [email protected] development of new products Activities: Tel.: 34 943 719 181 www.huhezi.edu Fax: 34 943 793 999 or for the improvement of Research and development in Activities: [email protected] production processes. automotive assemblies and Language training. Translation Activities: www.pologaraia.es Mechatronics: electronics and components made with and interpreting service. University Teacher Training technical design and production thermoplastics. Development of College.. Activities: systems. new technologies. UNIVERSITY OF Innovation and development. Energy: rational use of energy, MONDRAGON LEA-ARTIBAI ORONA EIC renewable energy. C/Loramendi, 4 Avda. Jemein, 19 Polígono Lastaola, s/n 20500 Mondragón 48270 Markina KONIKER 20120, Hernani, Guipúzcoa (Gipuzkoa) (Bizkaia) Pol. Ind. Bainetxe 5 Tel.: 34 943 551 400 Tel.: 34 943 794 700 Tel.: 34 946 167 552 20550 Aretxabaleta Fax: 34 943 550 047 Fax: 34 943 791 536 Fax: 34 946 166 674 Tel.: 34 943 039 360 Activities: E-mail: [email protected] www.leartik.com Fax. 34 943 039 369 Lifts and elevators. Activities: [email protected] Activities: University education. Technical education. Activities: R&D in forming and assembly.

62 MONDRAGON MCC DESARROLLO International MCC MONDRAGON- MONDRAGON ESKOLA SUPPORT BODIES P José María Services BRASIL ZAGROS POLITEKNIKOA AND INTERNATIONAL Arizmendiarrieta, 5 MCC Alameda Santos 2.335, 7 Arizmendiarrieta, 5 C/Loramendi, 4 SERVICES 20500 Mondragón INTERNACIONAL andar, Cj.71 20500 Mondragón 20500 Mondragón (Gipuzkoa) CEP 01419-002 (Gipuzkoa) Arizmendiarrieta, 5 (Gipuzkoa) Tel.: 34 943 779 300 Sao Paulo-SP-Brasil Tel.: 34 943 779 354 20500 Mondragón Tel.: 34 943 794 700 Fax: 34 943 796 632 Tel.: 55 11 3082 3336 Fax: 34 943 796 632 Support Bodies (Gipuzkoa) Fax: 34 943 791 536 www.mondragon.mcc.es E-mail: E-mail: [email protected] Tel.: 34 943 779 300 E-mail: [email protected] MCC Inversiones and Caja [email protected] ATEGI Fax: 34 943 796 632 Activities: Activities: Laboral have a 23.75% Iturriotz, 27 - 2 E-mail: [email protected] Activities: Commercial and Industrial Technical education. holding. 20500 Mondragón Activities: Corporate office. services. Activities: (Gipuzkoa) International business MONE Company promotion. MCC MOSCU-CEI Tel.: 34 943 711 930 promotion.. Santamarina s/n Fax: 34 943 773 101 Rublevo-Uspenskoe 20560 Oñate, Guipúzcoa E-mail: [email protected] MCC INNOVACION MCC INDIA shosse 1-st km bld. 6 of. 302, Tel.: 34 943 717 026 Odintsovskiy district 143030 www.ategi.com P José María 1110, Eleventh Floor, Fax: 34 943 717 059 Arizmendiarrieta, 5 Moscu, Rusia Activities: International Trade E-mail: [email protected] 20500 Mondragón Tel.: +70 95 739 6304 Purchasing portal. Tower Fax: +70 95 739 6304 Activities: (Gipuzkoa) Nehru Place, Business School. Tel.: 34 943 779 300 E-mail: [email protected] FUNDACION MCC New Delhi Fax: 34 943 796 632 Arizmendiarrieta, 5 110019 - India Activities: OTALORA www.mondragon.mcc.es 20500 Mondragón Tel.: +9111 622 1964 Corporate office. Palacio Otalora (Gipuzkoa) Activities: Fax: +9111 623 1612 Barrio Aozaraza s/n Tel.: 34 943 779 300 Funding of technological E-mail: MCC USA 20550 Aretxabaleta Fax: 34 943 796 632 projects.. [email protected] 1775 Pensylvania Avenue, (Gipuzkoa) E-mail: fundació[email protected] N.W.10th Floor, Washington, Tel.: 34 943 712 406 Activities: MCC NAVARRA D.C. 20006 USA Fax: 34 943 712 338 Activities: Corporate office. Avda. Carlos III, 36-1 Tel.: +1 202 463 7887 E-mail: Promotion of the social Pamplona Fax: +1 202 861 4784 [email protected] economy. MCC MEXICO (Navarra) E-mail: Horacio 1213, Colonia Activities: Tel.: 34 943 421 942 [email protected] Polanco, C.P. 11550 Co-operative and business MCC Fax: 34 943 421 943 México D.F. México Activities: training. INVERSIONES MCC has a 25% holding. Tel.: +52 55 5545 3930 Arizmendiarrieta, 5 Corporate office. Activities: Fax: +52 55 5531 5172 TXORIERRI 20500 Mondragón Company promotion. E-mail: MONDRAGON POLITEKNIKA IKASTEGIA (Gipuzkoa) [email protected] BEIJING Untzaga Ibaia kalea, 1 Tel.: 34 943 779 300 MCC SUSTRAI Room 926, Golden 48016 Derio (Bizkaia) Fax: 34 943 796 632 Activities: Arizmendiarrieta, 5 Land Building Tel.: 34 944 034 060 Corporate office. Activities: 20500 Mondragón Fax: 34 944 034 061 32 Liang Ma Qiao Company promotion. (Gipuzkoa) E-mail: Road, Chaoyang Tel.: 34 943 77 93 00 [email protected] District,100016, Fax: 34 943 79 66 32 www.txorierri.net Beijing, P.R.China Activities: Tel.: +8610 6464 3681 Activities: Property management. Fax: +8610 6464 3680 Technical education. E-mail: [email protected] Activities: Corporate office.

63 Mondragón, 10 May 2005