Correa English Revista 75

Looking
to the Future
Today, the Correa Group
continues to be committed
to opening up to new markets
and sectors, with a growing
number of clients in fields such as
defense, the automotive industry,
and the energy and railway
sectors. He faces the next few
years guided by a Business Plan
that involves a huge investment
program. A 20,000 square meter
plot has already been acquired in
Villalonquéjar for the expansion
of Hypatia.
The Correa Group will also
have another plot independent
from the parent plant and where
“the factory of the future” will
be developed, which will allow
the vast majority of the structural
parts of all the machines it
manufactures to be machined
and will free up a large assembly
capacity in the plant current. At
the same time, it will function as
a Show Room where the latest
technological developments
provided by Correa milling
machines will be exhibited.
Nicolás Correa’s commercial delegation in China in 2004, led by Guillermo Garcia Díaz-Ambrona (together with the
president of the Group) and the area managers, Walson Zhenh and John Chen. Photo: GNC file
Divergences in business
culture will prevent Nicolás
Correa’s second adventure in
Gipuzkoa from prospering,
but the absorption of Anayak
brings with it a significant
change in the Group: the
spin-off of the divisions
and non-strategic assets,
transferred on mass in 2006
to a newly created company,
Inmobiopres Holding (IBP),
where GNC Inmobiliaria, NC
Service and GNC Hyperbaric
(already outside the Group)
were integrated.
2008: The Great Upheaval.
After experiencing
uncontrolled growth, the
Group began to suffer the
effects of the Great Crisis in
all its harshness from 2009,
going from billing 114 million
euros in 2008 to 31 in 2010,
and those responsible came
to fear for survival of the
company. It even has to resort
to a temporary employment
regulation file to weather the
drop in orders.
2012 will be the worst year of
the recession for the company
from Burgos, but from that
point on the situation gradually
improves, thanks, above all, to
the foreign market.
Nicolás Correa closed
2014 with a profit, after
four consecutive years in
The
company
will take
the decisive
step towards
the Asian
country
in 2006,
when it
opened
its first
production
plant abroad
in the
Chinese city
of Kunming
the red. In this scenario, in
June 2015 the Group sold 10
percent of its shares to the
South Korean machinery
manufacturer Doosan with
the purpose of gaining stability
and commercial efficiency
abroad, especially in South
Korea, the United States and
in the countries from Eastern
Europe. The strategic alliance
will last until 2018.
With Carmen Pinto as the
new CEO, the manufacturer of
milling machines confirms its
positive evolution and closes
2018 positively thanks to the
general push of the market and
the notable increase in sales
in China.
#23