Annual Report 2001

2001 Annual Report

Summary

Highlights 5

Message from the President 6

FINANCIAL GROUP 9• Caja Laboral 11

• Lagun-Aro 13

• Seguros Lagun-Aro 14

INDUSTRIAL GROUP 15• Automotive 18

• Components 19

• Construction 20

• Industrial Equipment 21

• Household Goods 22

• Engineering and Capital Goods 23

• Machine Tools 24

DISTRIBUTION GROUP 25• Eroski Group 28

• Erkop 30

RESEARCH, TRAINING AND EDUCATION 31• Research Centres 32

• Training and Education Centres 34

Financial Statements and Trading Account 37

Organisational Structure 42

Social and Management Bodies 42

List of MCC Companies 45

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Highlights

Total Sales

International Sales

Assets Under Administration*

Equity**

Investment

Results

Workforce

46,861

53,377

60,200

6,274

1,640

6,364

2,009

522

362

8,106

2,165

7,891

2,688

872

335

7,065

1,945

7,040

2,340

738

367

1999 2000 2001

* Caja Laboral ** Excluding Lagun-Aro’s Net Worth

In millions of euros

1999

2000

2001

5

espués de varios años de bonanza econó-mica, el 2001 se caracterizó por una

intensa desaceleración mundial, agravada porlos trágicos sucesos del 11 de septiembre. Eneste entorno negativo, las empresas de nuestraCorporación se comportaron razonablementebien, logrando un incremento en las ventas del14.7% y un aumento del empleo en 6,800 per-sonas, aunque con un cierto descenso en el nivelde rentabilidad global.

La inversión registró también un récord históricocon la materialización de 872 millones de euros,que se destinaron principalmente a aumentar ymodernizar la capacidad productiva, elevar elgrado de internacionalización y reforzar la pre-sencia en el campo de las nuevas tecnologías, asícomo a la expansión de la red de establecimien-tos en el Grupo Distribución. El proceso de inter-nacionalización prosiguió a buen ritmo, conclu-yendo el ejercicio con unas ventas industriales enel exterior del 51% y con 34 implantaciones pro-ductivas en 12 países, sobre todo en Europa yAmérica Latina.

En el terreno de la calidad, además de la gene-ralización de las Certificaciones ISO 9000, tresde nuestras Cooperativas - Caja Laboral, Copreciy Fagor Electrodomésticos Cocción - obtuvieron laQ de Oro, tras superar los 500 puntos según elmodelo de evaluación europeo EFQM, uniéndoseasí a Irízar que fue la primera en recibir este reco-nocimiento. Orkli, por su parte, consiguió la Q dePlata al sobrepasar los 400 puntos.

Las singulares dificultades de este ejercicio, hanservido para mostrarnos que hoy estamos muchomejor preparados para afrontar situaciones de cri-sis que hace unos años, gracias a que nuestrascooperativas han invertido intensamente en losúltimos años: modernizando sus sistemas de pro-ducción, incorporando avanzados sistemas degestión orientados hacia la calidad y la excelen-cia empresarial y apostando decididamente porla internacionalización y la innovación.

Estos son también los objetivos estratégicos hacialos cuales deseo orientar mis esfuerzos en los pró-

fter several years of economic boom,2001 was characterised by a significant

slowdown in the international economy, madeworse by the tragic events of 11 September. Inthis negative climate, our Corporation’s compa-nies performed reasonably well, achieving a14.7% increase in sales together with 6,800new jobs. However, there was a slight fall inoverall profitability.

Investment, which totalled 872 million euros,was also at a record level. It was mainly ear-marked to increase and modernise productioncapacity, increase the level of internationalisa-tion and reinforce our presence in the field ofnew technologies, as well as to expand thechain of stores in the Distribution Group. Theinternationalisation process continued at a goodpace, with industrial sales abroad at the end ofthe year accounting for 51% of the total. TheCorporation now has 34 production plantsabroad, in 12 different countries, mainly inEurope and Latin America.

As regards quality, in addition to ISO 9000 cer-tification now being widespread, three of ourco-operatives - Caja Laboral, Copreci andFagor Electrodomésticos (Cooking AppliancePlant)- obtained the Gold Q for Quality, afterscoring more than 500 points in an assessmentbased on the EFQM model. They join Irizar,which was the first company to receive theaward. Orkli was awarded the Silver Q for scor-ing more than 400 points.

The singular difficulties of the year have shownthat we are now much better prepared to tacklecrisis situations than a few years ago. This isthanks to the fact that our co-operatives haveinvested heavily in the last few years: to mod-ernise their production systems, incorporateadvanced management systems orientedtowards quality and business excellence andpledge their firm commitment to internationali-sation and innovation.

These are also the strategic objectives to whichI would like to dedicate all my efforts in the next

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few years as President of the General Council ofMCC. We will, therefore, continue to bank onquality, trying to make the use of assessmentsbased on the EFQM model widespread through-out our co-operatives, carry on boosting ourinternational presence and promote a firm inno-vation policy.

Innovation that will be backed by our Scienceand Technology Plan, by the creation of compa-ny Research Centres as part of the GaraiaInnovation Park and by the synergies obtainedfrom universities, technology centres and com-panies working together. This will also behelped by the setting up of the MCC InnovationCouncil, whose aim it is to promote and devel-op business projects with a high content in termsof technology and innovation.

At the institutional level, I would like to welcomethe following co-operatives to MCC: Ecenarro,Ampo, Ulma Group, Ategi and Multifood. Theywill help to strengthen us a co-operative andbusiness group, especially in the areas of con-struction and forging.

I should like to end this message by showing myappreciation for the work done by my prede-cessor, Antonio Cancelo, to consolidate our stillyoung Corporation. On my behalf and that ofthe members of MCC, I should like to expressmy sincere thanks for the dedication and enthu-siasm with which he carried out his work overthe six years he was in charge of theCorporation.

ximos ejercicios, como Presidente del ConsejoGeneral de MCC. Para ello, seguiremos apostan-do por la calidad, tratando de generalizar ennuestras cooperativas los sistemas de mediciónsegún el modelo europeo EFQM, continuaremosimpulsando nuestra presencia internacional y pro-moveremos una decidida política de innovación.

Innovación soportada en nuestro Plan de Cienciay Tecnología, en la creación de Centros deInvestigación de empresa dentro del Polo Garaiay en las sinergias derivadas de una actividad inte-grada entre Universidad, centros tecnológicos yempresas. A ello contribuirá también la constitu-ción del Consejo de MCC Innovación, cuyo obje-to es la promoción y desarrollo de proyectosempresariales con un alto componente tecnológi-co o innovador.

En el plano institucional, deseo saludar con afec-to la incorporación a MCC de las CooperativasEcenarro, Ampo, Grupo Ulma, Ategi y Multifood,reforzando nuestra dimensión cooperativa yempresarial, sobre todo en el ámbito de la cons-trucción y de la forja.

Quisiera concluir esta presentación con el recono-cimiento a la labor realizada por mi predecesor,Antonio Cancelo, en la consolidación de nuestrajoven Corporación. En mi nombre y en el de losmiembros de MCC, deseo expresarle mi sinceroagradecimiento por la entrega e ilusión con queha ejercido su función en sus seis años al frente dela Corporación.

Jesús CataniaPresident of the General CouncilPresidente del Consejo General

7

Financial Group

9

n 2001 the most importantaspects affecting the finan-

cial area were the easing of themonetary policies in United Statesand Europe, due to the fall in infla-tion and their effectiveness as aweapon to combat the threat of aworld economic recession, thecontinuity of the weakness of theeuro compared to the dollar, andthe considerable fall recorded bythe main stock exchange indexesin the world.

As far as MCC’s Financial Groupis concerned, its normal activitiesperformed well last year, althoughthe disappointing performance ofthe stock markets affected its over-all profitability, reducing it in com-parison with the figure recordedin 2000.

In 2001, the fulfilment of the BasicCorporate Objectives by MCC’sFinancial Group can be sum-marised as follows:.

Customer Satisfaction. In thearea of quality, the BasqueFoundation for Quality (Euskalit)carried out the second externalassessment of Caja Laboral’sManagement Quality system.More than 500 points werescored, which was enough to winthe Gold Q award. Caja Laboralis the first financial institution inSpain to achieve this level in anEFQM assessment.

On the commercial side, thelaunches of two new “Trust trusts”,another trust aimed at providingreturns on cash surpluses for com-panies, new term deposit schemesand the first issue of Caja Laboral

promissory notes stand out.Remote Banking has also beenconsolidated. Now one out ofevery four Caja Laboral clientshas access to telephone bankingand/or Internet banking. Anotherservice worth highlighting is theautomated payment system bymeans of electronic files that theinstitution’s client companies usewith their suppliers. These haveincreased by 54% in terms ofnumber and 37% in terms of vol-ume compared to 2000.

Profitability. In banking, thegross earnings margin wasincreased by 12.4%, with a effi-ciency ratio of 42.2%, whichmeans that administration costswere well contained in relation tothe ordinary margin obtained.However, the negative perfor-mance of variable income securi-ties had an adverse effect on thereturn on financial operations,affecting the overall profitabilityfor the year, with a fall of 3%.

Mention should also be made ofhow Lagun-Aro’s investment port-folio was managed. An averagereturn of 5.9% was achieved,which is very satisfactory if thepoor performance of the stockmarket is taken into account.

Internationalisation. CajaLaboral is the only company inthis Group that operates on theinternational stage, backed by anextensive network of foreign cor-respondent banks.

In 2001, there was a 14.6%increase in the volume of commer-cial transactions abroad. 69% of

this business was with co-opera-tive enterprises and the remaining31% with other business clients.During the year, the network offoreign correspondent banks wasreinforced, taking the total tomore than one thousand, with thenew banks located in countriesand areas that are very dynamicin economic terms.

Development. The turnover ofthis Group increased significantlyin 2001, with assets under admin-istration recording a 12%increase and bank investment a19% increase. In turn, the capital-isation of the results achievedhelped to reinforce the soundnessof the net worth of the institution,taking Caja Laboral’s equity to913 million euros, which is an 8%increase, and Lagun-Aro’s assetsto 2,425 million euros, which isalso an 8% increase.

Continuing with the ExpansionPlan established in the currentStrategic Plan, in 2001 26 newbranches were opened, most ofthem in Castilla-León andZaragoza. This took the total num-ber of branches to 300. This phys-ical expansion was also comple-mented by a growing use of alter-native channels, like telephone-and Internet-banking. The fact thatthe client base increased by89,000 people last year is a clearindicator of how dynamic busi-ness was.

As far as Lagun-Aro is concerned,the net increase of 1,715 in thenumber of members last year wasthe highest in the history of theinstitution.

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10

Financial Group

CAJA LABORALSdad. Coop. de Crédito

aja Laboral is a credit insti-tution set up by the indus-

trial co-operatives that, from thestart, has been fundamental to thefunding and development of the co-operative movement, playing a keyrole in the shaping and cohesion ofwhat is today Mondragón Corpo-ración Cooperativa.

In overall terms, 2001 was a satis-factory year for Caja Laboral,especially as far as normal ban-king business was concerned, inspite of the difficulties in achievingthe profitability targets set. Totalassets on the balance sheetaccounted for 8,620 million eurosat the end of 2001, which is anincrease of 15% compared to theprevious year.

Customer assets under administra-tion totalled 7,891 million euros atthe end of the year, with a notableincrease over the year of 12%.Continuing the trend of the pre-vious year, customer savings weremainly directed towards traditional

schemes. Term deposits performedbest, with 17% growth. Off-balan-ce sheet assets, mainly unit trustsand welfare funds, also increasedby 3.8%, which although low, isbetter than the figure forecast atthe start of the year.

Social Concerns. In 2001 theCaja Laboral Intranet was set up.It plays a fundamental role as aninternal communications channel,helping to spread the institution’sknowledge and best practices.

Two important aspects have beenthe implementation of a plan forthe insertion and training of themembers in branches in areas tar-geted for expansion, and thedevelopment of a RecognitionModel inspired by the EFQM,which will enable sections,branches and projects to beassessed, in order to give recog-nition for the best.

377 training courses were given,concentrating on training with a

high technical content. Severalpromotion courses were also held,and aid was provided for comple-mentary courses. Overall, 73% ofthe total workforce took part insome kind of training activity oranother.

It should also be highlighted thatover the year, 10 million eurosfrom Caja Laboral’s Educationand Promotion Fund were ear-marked for co-operative trainingand promotion, as well asresearch, and cultural and health-care activities.

Among the aspects relating toLagun-Aro, the setting up ofLagunaro-Mondragón Servicios,S. Coop. stands out. The aim of

this new company is to providesupport for co-operatives in thefield of health at work and the pre-vention of occupational hazards.The positive performance ofemployment benefit should alsobe stressed. This enabled areserve fund totalling 33.6 millioneuros to be set up for the future. �

Juan María OtaeguiMCC Vice-president

Chief Executive - Financial Group

Grupo Financiero

Caja Laboral

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Equity continued to grow, boost-ed by the profitability obtainedand the demanding policy ofcapitalisation of profits, takingthe final figure to 913 millioneuros. In accordance with Bankof Spain regulations, the institu-tion’s capital adequacy ratio was15.3%, well in excess of the min-imum requirement of 8%.

As far as lending business wasconcerned, net bank investmentincreased by 18.1% over theyear, taking the balance of thisheading to 5,163 million euros.The most active type of loan con-tinues to be the mortgage loan,with a year-on-year increase of621 million euros (20%).Mortgage loans now account for71% of all loans to the privatesector.

Gross investment of the securitiesportfolio, consisting of fixed andvariable income securities, aswell as holdings in group compa-nies, rose to 1,361 million euros.This was a fall of 4.6%, whichtook place mainly in monetaryassets and public funds.

For its part, investment in cash,banks and credit institutions, thebalance of which includes thecash and central bank figures, aswell as the net position with cred-it institutions accounted for a bal-ance of 1,314 million euros atthe end of the year. This was asignificant, although temporary,increase of 34.6% over the pre-vious year.

In terms of the profitabilityobtained in 2001, normal bank-ing business performed verywell, as shown by the 12.4%increase in the gross earningsmargin. However, the negativeimpact of the results from finan-cial operations, as a result of thepoor performance of the stockmarkets, and the significantincrease in transfers for the pro-vision of bad debts, due to thetransfers made to the StatisticalCover Fund, required by theBank of Spain, had a detrimen-tal effect on the overall prof-itability, taking the net results forthe year to 108 million euros,which was 3% lower than in2000.

In this regard, it should bestressed that the gross returnsachieved by Caja Laboral on itsaverage total assets was 1.55% in2001, a “ratio” that comparesvery favourably with that obtainedby other financial institutions.

Finally, mention should be madeof Aroleasing, a company spe-cialising in financial leasing,which belongs 100% to CajaLaboral.

In 2001, Aroleasing signed newcontracts to the value of 135 mil-lion euros, which represents anincrease of 19% over the 2000figure. Of the total investment,61% was channelled through thebranches of Caja Laboral.

Loan investment at the end of theyear totalled 271 million euros,with an increase of 19% over theyear, and the doubtful debt ratioat 1.05%, an improvement of 7%compared to the percentagerecorded in 2000, and bad debtcover at 213%. �

Assets under AdministrationIn millions of euros

2000

7,040

2001

7,891

1999

6,364

Net bank InvestmentIn millions of euros

2000

4,349

2001

5,163

1999

3,682

EquityIn millions of euros

2000

845

2001

913

1999

754

LAGUN AROProvident Society and Pension Fund

he members of the Lagun-Aro Provident Society are

mainly members of co-operativesforming part of MondragónCorporación Cooperativa. Lagun-Aro provides social cover forthese people and their beneficia-ries, similar in scope to the Statesystem.

At 31 December 2001, the num-ber of members totalled 25,950people, in 114 co-operatives,which is a net increase of 1,715people, the highest increase inLagun Aro’s history. 43% of thenew members correspond to thenew modes of contribution forLimited Duration and SpecialQuota members.

As far as pro rata benefits areconcerned, which cover short-termbenefits, these totalled 41.4 mil-lion euros in 2001, in the follow-ing areas:

• Sick Leave, 21.2 million euros(51.2% of the total)

• Health care, 16.7 million euros(40.3% of the total).

As in recent years, it is worth high-lighting employment aid, as its netcost totalled –0.23 million euros,with a surplus of 4.8 million eurosgenerated. This amount, added tothe 28.8 million euros from 2000,means that there is now a positivebalance of 33.6 million euros,with the financial yield on thisamount giving a negative net cost.

The benefits for Retirement,Widowhood and Invalidity, whichhave to be guaranteed for longperiods of time and for a largenumber of members, are financedby reserves to guarantee the rele-vant pensions. This enabled 43.6million euros to be paid out in2001. At the end of the year,there were 5,843 people receiv-ing pensions.

These benefits are guaranteed byLagun Aro’s funds, which at theend of 2001 totalled 2,425 mil-lion euros, once the returns on theinvestment portfolio had beenapplied. In comparison with theclose of 2000, the fund hasincreased by 175 million euros,which is 7.8% in relative terms. �

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Net WorthIn millions of euros

2000

2,250

2001

2,425

1999

2,003

SEGUROS LAGUN AROn spite of the serious upsetsaffecting the insurance sec-tor in 2001, both the poor

performance of the financial mar-kets and the events of Septemberin USA, Seguros Lagun Aroachieved satisfactory results forthe year.

Total income for the group cameto 145 million euros, which wasan increase of 16% compared tothe previous year. The incomeobtained from insurance premi-ums totalled 110 million euros,which was an increase of26.5%. In terms of companies, a20% increase in premiums wasachieved by Seguros Lagun Aroand a 45% increase by SegurosLagun Aro Vida.

In terms of Customer Satisfaction,the survey carried out annuallyshowed a positive trend, with sig-nificant improvements comparedto the previous year, as theactions necessary were taken tomaintain a position of leadershipas far as customer service qualitywas concerned.

In 2001, four new offices wereopened (Burlada, Donostia-Egia,Ordizia and Gazteiz-Abendaño),and four new products launched,two in the area of Health andanother two in Savings-Welfare, asa result of the alliance signed withSanitas and Caja Laboral.

As regards People Development,a People Satisfaction Survey wasalso carried out, the results ofwhich were better than the tar-gets set. The aspects valued mosthighly were promotion and pro-fessional growth. The peopleworking in both companies nowtotal 267, which is 8.9% higherthan the figure in 2000.

In terms of Management Quality,a number of actions were takenbased on the principles of busi-ness excellence. The whole man-agement team was involved, andin multi-disciplinary work teamsthey designed and documentedall the relevant processes.

The ISO 9002 certificate issuedby AENOR was renewed,demonstrating that our QualitySystem has been well implemen-ted. The system for managing cus-tomer complaints, the process con-trol plan and the system establis-hed for preparing process audits,to enable deviations to be detec-ted with a high level of detail, allstand out.

Finally, the first part of the imple-mentation phase of theCommercial Management Mode-lling project – COMO – wascompleted. The results were verypositive, as they had a highimpact on peoples’ involvement.Training was given in an indivi-dual way, adapted to specificneeds. �

Lagun Aro

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Industrial Group

15

001 was a year of generaleconomic slowdown. This

meant that in the industrial sectorthere was only token growth of0.1% in Basque IndustrialProduction and a fall of 1.2% inSpain as a whole. These poor fig-ures are in keeping with an evenworse performance in almost alldeveloped countries, as a singularfeature of this recession was that itconsisted of a decline in industrialactivity at the same time all overthe world.

As far as MCC’s Industrial Groupis concerned, its performanceindicators also worsened over2001, although over the last fewmonths of the year there weresigns that the situation was stabil-ising. However, the worsening ofthe economic climate did not pre-vent some excellent achievementsfrom being recorded at the end ofthe year in relation to sales, jobcreation and internationalisation.

There follows a series of com-ments on the most importantpoints concerning the BasicCorporate Objectives.

Customer Satisfaction. In2001 progress continued to bemade with this objective, withsome of the actions taken beingan improvement in quality andproximity to the customer as ameans of offering better service.

In the quality area, practically allthe industrial co-operatives nowhave ISO 9000 certification. Theaim now is to improve their scorein the EFQM assessment. In 2001,the Basque Foundation for Quality(Euskalit) awarded its Gold Qprize to Copreci and the CookingAppliance plant of FagorElectrodomésticos and its Silver Qprize to Orkli, for having scoredmore than 500 and 400 points,respectively, in the EFQM assess-ments carried out by externalauditors.

As far as physical proximity to thecustomer is concerned with theaim of providing better service,the co-operatives continued to setup plants in places close to theproduction plants of their car man-ufacturing customers, mainly inGreat Britain and Brazil, or theirdomestic appliance manufactur-ing customers, in Italy and theCzech Republic.

Profitability. The fact thatdemand lost thrust during 2001affected the production of thisGroup, by slowing it down.However, it is clear that the fearsthat came to the fore after 11September concerning a moreserious recession were fortunatelyunfounded. In the months there-after, economic activity returnedto the levels it was at before thetragic events.

Nevertheless, profitability wasaffected to the extent that the over-all results of the Industrial Groupfell by 15% compared to 2001.Profitability over sales was at 4%.

Development. The turnoverachieved in 2001 totalled 3,428 million, which was 8.1%higher than in 2000. The most sig-nificant growth occurred in thesale of capital goods, thanks tothe excellent state of the orderbooks brought over from the pre-vious year, and in componentsand equipment for the automotivesector, as a result of the start up ofnew business units in these sec-tors.

Industrial employment recordedan upward trend, although at aslower rate than the previous year.In 2001, 806 new workers joinedthe Industrial Group, taking thetotal workforce to 26,399 peopleat the end of the year, of which4,247 jobs (16% of the total)were abroad.

Another variable that shows howthe Industrial Group is performingin business terms is the investmentfigure for last year, which totalled 275 million, a significant figure

but 6.6% lower than the amountinvested the previous year.

Internationalisation. The inter-national sales achieved by the

2Industrial Group

16

Industrial Group, which includeexports plus sales from productionplants abroad, totalled 1,747million in 2001, with a consider-able year-on-year increase of11.5%, in a year in which inter-national trade only rose by 2%,according to WTO estimates. Thissignificant expansion abroad ledto an increase in the proportion ofinternational sales over total salesfrom 49.4% in 2000 to 51% in2001.

The Group also continued to setup production plants in othercountries: Copreci took overRampgas in Italy, Maier openedits second plant in Great Britainthrough Chromeco, Eika set up aplant in the Czech Republic, andIrizar and Coinma-Danonaopened factories in India, as didCikautxo, Copreci and FagorEderlan in Brazil.

Social Concerns. In this regard,work continued to promote co-operative employment, encourag-ing employed workers workingwith contracts in the co-operativesto become members. 740 peopledid so in 2001.

Work also continued on implement-ing Environmental ManagementSystems. 20 co-operatives hadbeen awarded ISO 14001 certifi-cation by the end of 2001,although there are a similar number

going through the process of devel-oping these programmes, in orderto treat our environment better andimprove the quality of life, as soci-ety demands.

Other aspects of interest tackled in2001 were the application ofGuidelines for ManagingManagers, with development sys-tems for top and middle manage-ment, the implementation of aremote training portal and theestablishment of a model forDeveloping Social Councils, with

the aim in all cases of improvingthe professional skills of those tak-ing part and helping them inte-grate satisfactorily in their respec-tive work environments. �

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Total SalesIn millions of euros

2000

3,170

2001

3,475

1999

2,693

International SalesIn millions of euros

2000

1,568

2001

1,769

1999

1,283

InvestmentIn millions of euros

2000

294

2001

282

1999

214

Workforce

2000

25,593

2001

27,050

1999

21,913

n 2001, this Division saw aspectacular increase in

turnover (31%) and internationalsales (34%), set up new plants inBrazil and United Kingdom,achieved widespread ISO TS cer-tification, which covers the differ-ent items used by manufacturers inthe sector and completed the con-versations with the co-operativeenterprise Ecenarro for it to joinMondragón Automoción CHP andMCC.

In Automoción CHP, FagorEderlan reorganised itself by busi-ness units, increased sales by43% with the contribution of itsnew plants in Borja and Brazil,started the production ofmachined parts at Fagor Ederlando Brasil as a complementaryactivity to that of its foundry inBrazil, Fundiçao Brasileira, andpledged a firm commitment to itsR&D policy, by promoting theMaterials Technology Centre, asthe embryo to the Grouping’sfuture Research Centre.

Mapsa continued to invest andincreased sales by 32%, meaningthat sales have doubled over thelast two years, signed agreementsto supply wheel rims to the PSAGroup and Opel and took onToyota and Fiat as new customers.FIT Automoción significantlyadvanced its position, starting upa new machining line and achiev-ing high levels of productivity. Onthe commercial side, the companywon the contract for the brake unitfor the new VW PQ 35 platform.

Luzuriaga Tafalla posted excellenteconomic results and consolidatedthe bases for a sound future, bysigning a long term agreement,contracting new projects andintensifying investment. LuzuriagaUsurbil completed the investmentprocess initiated in 2000, therebydoubling its production capacityand establishing the company asthe European leader in the manu-facture of brake housings. Thecompany also continued to devel-op aluminium housings.

In Automoción BCM, Batzincreased its sales by 31%, wonnew customers like PSA andRenault and set up its new plant inIgorre, fully oriented towards itstwo business units: Wheel chang-ing systems and MechanicalControls. The order books for bothbusiness units are at very goodlevels. Cikautxo consolidated itsplant in the Czech Republic andsignificantly improved the prof-itability of the Brazilian plant inNova Paranoa in which it has a

holding. In terms of sales, theincrease in business with PSAstands out.

Maier began production and tosupply its customers from its plantsin Great Britain and completedthe final preparations in Brazil, inorder to start deliveries in 2002.Numerous orders were won,including product developmentwork, and a significant increaserecorded in interior parts.

There was a change in the share-holding structure of FPK, withMCC Inversiones and the Germancompany RKT Kunststoffe GmbHnow each having a 50% holding.2001 saw the start of productionof the noise shields and under-body panels for the new VW Poloin GLF technology and the win-ning of an order for the InstrumentPanel Support for the Volvo V40,which will start to be manufac-tured in September 2003. Specialmention should also be made ofthe fact that Automodulos has wonthe contract for the complete axlefor Opel’s Monocab, which willgo into production in January2003. �

José María AldekoaMCC Vice-president

Chief Executive - Automotive

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2000 2001

Sales 600 750

Internat. Sales 389 504


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AUTOMOTIVE

ith a 6% increase inturnover and international

sales accounting for 64% of totalturnover, the most important aspectof the year was the boost given tothe internationalisation process,with the creation of a Sales Officefor Mondragón Componentes inAtlanta (USA) and the new plantsset up abroad by Copreci, Eikaand Matz-Erreka.

Copreci took over Rampgas inItaly, which is now called CopreciSystems and in Mercosur startedup Copreci do Brasil, close to SaoPaulo. Eika started a new activityin the Czech Republic with thecompany CzEika, engaged in themanufacture of electric cookingcomponents and Matz-Erreka setup a plant in the Mexican city ofQuerétaro to produce precisionplastic parts.

Investment for the Division as awhole totalled 56 million euros,earmarked basically for processautomation, an increase in pro-duction capacity and setting upplants abroad.

In R&D, the Fuel Cell Project standsout. This is based on metal oxidesand is for stationary use for appli-cations in the home and is beingdeveloped by Ikerlan and theLawrence Berkeley Laboratory atthe University of California. Aspart of the Eureka programme amicrosystem has been developedto control the different combustionparameters for a domestic boiler.Significant advances were alsomade in the microsensor line,

based on the micromachining ofsilicon for use in domestic appli-ances.

In White Goods, businessincreased by more than 20%,thanks to strong growth abroadand a significant boost in electriccooking appliance components.The development of electronics inthe Gas Cooking businessreceived a boost, with innovationsin the safety and control systemsfor gas hobs and cookers. A newproduct also started to be manu-factured for heating and directingwater in dishwashers and therange of gas components for cook-ing applications was completed,offering customers a complete sys-tem for cookers and hobs, whichincludes the following functions:ducting, regulation, control andcombustion.

Home Comfort launched a ther-mostatic valve for central heatingand a system for temperature con-trol in gas heaters, developed andmarketed a hydraulic unit for boil-

ers and launched a control systemfor domestic gas water heaters.Orkli obtained ISO 14.000Environmental Certification andthe Silver Q for Quality, after hav-ing scored more than 400 pointsin an assessment based on theEFQM management model.

Electronics achieved internation-al sales accounting for 56% oftotal turnover on average. In semi-conductors, where there was aslowdown in activity due mainly tothe crisis in the computer andtelecommunications sector,“Preferred Supplier” status wasachieved from Bosch and thethyristor range was significantlyextended.

In Radio Frequency, the newWireless Communications activitywas launched, a range of detec-tors with a mixed natural gas andcarbon monoxide sensor for thehome automation sector and arange of products for digital televi-sion were developed. In ElectronicSubcontracting, growth was inexcess of 40% in components forthe white goods sector. �

José Luis OlasoloMCC Vice-president

Chief Executive - Components

Copreci

W

2000 2001

Sales 366 390



19

COMPONENTS

his Division posted a slightincrease in sales of 3%,

with a significant boost in theactivity of several business units.

In Lifts and Elevators, theOrona Group achieved aggre-gate sales of close to 180 millioneuros, which is 20% higher thanlast year. Orona S.Coop. and therest of the companies in the Groupall performed well. On the inter-national stage, the Group consoli-dated its presence in more than60 countries, with its performancein Europe and Asia standing out.

Over the year, there were impor-tant projects like Las PalmasAirport and the Bilbao Metro andcontracts were won for ShoppingCentres, Hospitals, Museums,Hotels and official buildings. Thisdynamism was accompanied by ahigh level of investment and jobcreation, with 213 new jobs cre-ated.

Finally, a boost was given to“Orona EIC” Orona ElevatorInnovation Centre. This forms partof MCC’s Garaia Plan and will,without doubt, be one of thestrategic pillars in the future of theOrona Group.

In Structures and Handling,in addition to projects as repre-sentative as the dome for theGiant Telescope in the CanaryIslands or the Calatrava rotatingbridge in Buenos Aires, Urssa alsowon the contract for new factorybuildings for Mercedes BenzEspaña, the Cepsa refinery inAlgeciras, special beams for thePanamá Canal and the hangar for

building the Airbus 380 inToulouse. In urban building work,the structure of the ConferenceCentre in Pamplona and the newterminal at Barcelona airportstand out, as do a number ofbridges in Spain and Portugal inthe public works area.

Ecotècnia strengthened its pres-ence in the wind power sector, byproviding innovative solutions inthe technology field. In thisregard, the installation of a 1250kW prototype in the La Banderawind farm stands out which, dueto its modularity, can be installedin rough terrain, which is moreoften than not the case in Spain. Acontract was also won for theinstallation of a 100 MW windfarm in Burgos, one of the biggestin Europe. In international terms,special mention should be madeof the first Spanish wind-poweredgenerator sent to Japan, whichhas been purchased by HitachiZosen.

Biurrarena recorded growth of26%, strengthening its presence in

the environmental sector, with theincorporation of important engi-neering equipment and the con-struction of two urban waste sort-ing plants in Urnieta and Vitoria.In its machinery business, theagreement with Hyundai was con-solidated and in line with its devel-opment policy, Daemo hydraulichammers were added to its range.

Rochman obtained 10% growth.Among its projects, the installa-tions for the movement and controlof luggage at Las Palmas Airportand several lines to automate pro-duction processes in the automo-tive sector stand out. In terms of itsdevelopment policy, a new highperformance packing machinewas launched and Prodel wastaken over.

In Construction Work andMaterials, Lana recordedgrowth of 23%, as a result of theincrease in sales of three-ply form-work boards, boards for the man-ufacture of furniture and the saleof laminated beams and boardsfor structures and coverings. Etorkicontinued its policy of enteringnew markets and increased thesupply of raw materials. �

Jesús MaizteguiMCC Vice-president

Chief Executive - Construction

T

Ecotècnia

20

CONSTRUCTION

2000 2001

Sales 338 346



n a more complicated yearthan normal, due to the sig-

nificant fall in GDP in the mostdeveloped economies, the work ofthe Division concentrated on rein-forcing competitiveness throughinnovation and productivity.Turnover was slightly higher thanthe year before, with internationalsales predominating as theyaccounted for 62% of totalturnover. Profitability was alsogood.

Leisure-Sport continued itsinternational development, with a7% increase in foreign sales,which accounted for 62% of totalturnover. Dikar-Wingroup consoli-dated its production plants inChina as the basis for future devel-opment. Eredu increased its“Enea” range of design furniturewith different collections of chairs,thereby consolidating its nationalleadership and extending its inter-national presence to 40 countries.

Orbea continued to penetratenew markets, extending its salesnetwork and achieving growth inexcess of 16% in internationalsales, boosting brand awarenesson the basis of extending therange and top-range productsand the sponsorship of profes-sional mountain bike (Orbea) andcycling (Euskaltel Euskadi) teams.

Components and TechnicalEquipment continued to baseprogress on growth in internation-al sales, which accounted for70% of the total. The perfor-

mance of Irizar was especiallyoutstanding, with the setting up ofa joint-venture to manufacturecoaches in India and the presen-tation of the new PB coach. Thisnew model was the culmination ofthe work carried out over morethan three years by a number oftechnical and design teams, inter-nal and external, incorporating awide range of new materials,technologies and innovations.

Ederfil continued to expand inter-nationally with growth abroad of15%. Its capacity for innovationstands out with the application ofnew technologies in all spheres ofthe company, thereby achievingfull process automation, extensiveand detailed information in realtime and knowledge manage-ment in the company as a whole.Hertell and Urola intensified theirefforts to penetrate further themarkets they currently operate in.

Industrial Services grew by14% in international terms, which

enabled total sales to beincreased by 10%. Alecopstrengthened its business units, byboosting its educational offerthrough the application of multi-media technology and generatinga new activity. In the graphic artssector, Rotok tackled the high cir-culation rotary printing market.This company, together with Elkarand Danona make up theMondragón Graphics Group,which is the leader in its sector inthe Basque Country.

Coinalde consolidated its positionon the market with new productswith special points and coilpoints. Alkargo intensified prod-uct development, designing high-er power transformers with morefeatures. In the medical area,Oiarso and Osatu significantlyincreased their internationaldimension. Oiarso grew by 13%thanks to a 21% increase inexports and Osatu launched anautomatic defibrillator, which willbe the basis of the company’sinternational development in thefuture. �

Iñaki OtañoMCC Vice-president

Chief Executive - Industrial Equipment

I

Ederfil

21

INDUSTRIAL EQUIPMENT

2000 2001

Sales 420 453



he year turned out to bepositive but was affected by

the uncertainty derived from inter-national events, which led to acooling in the demand for con-sumer goods. Total salesincreased by 3% and internation-al sales by 5%. It was also a yearcharacterised by a significantamount of investment. In the fieldof quality, special mention must begiven to the Gold Q obtained bythe Cooking Appliance businessof Fagor Electrodomésticos.

In Domestic Appliances, in atense year, sales increased bymore than 3% and exports by9.7%, to account for 44% of thetotal. A number of circumstanceshad an effect on performanceover the year, namely: the slow-down in demand in the Spanishmarket, the severe crisis inArgentina and the extraordinaryefforts required to rebuild themain warehouse in Vitoria, whichwas completely destroyed by firein November 2000.

In spite of the difficulties, Fagorcontinued to maintain its leader-ship in the Spanish white goodsmarket, with a 24% share,according to data from Anfel. Itwas also a year of importantstrategic decisions and heavyinvestment totalling 74 millioneuros: 18.5 were earmarked forthe Vitoria warehouse, 13 forproduct development, 12.5 for thereconversion of the dishwasherplant, 9.8 for the Garagarza pro-ject which will enable the produc-

tion of washing machines, dish-washers, ovens and hob to be sig-nificantly increased, and 4.8 mil-lion for the electric water heatingplant in Basauri.

Due to its strategic dimension, thetakeover of the French BrandtGroup by the Fagor-Elco consor-tium stands out, with Fagor takingan initial holding of 10%, andwith an industrial partnershipagreement. The operation repre-sents an important step for Fagor’sposition in Europe and will pro-vide significant synergies in brandand product management, jointpurchasing and new productdevelopment.

As far as the plants abroad areconcerned, the Mohammediaplant had another good year, rein-forcing its leadership in theMoroccan market; the Wrozametplant in Poland was extended andalso started to assemble washingmachines and the McLean plant inArgentina was affected by the cri-

sis situation which is having anadverse effect on the country aswhole. In China, a joint-venturewas set up with Shangai Vacuumto manufacture pressure cookers.This together with the sales officeset up there this year, will enableus to penetrate a market withenormous potential for expansion.

In Furniture there was a signifi-cant increase in exports recordedby Coinma (25%) and Danona(7%). In the international context,the first year of the joint venture inIndia can be considered very pos-itive, as can the negotiations car-ried out in Mexico to set up anoth-er joint venture, which should becompleted during the first quarterof 2002.

In Commercial Equipment,Fagor Industrial recorded a signif-icant 18.5% increase in interna-tional sales, with productionplants in Cordoba, Catalonia andFrance, and sales offices inPoland, United States, GreatBritain and Germany. �

Fernando Gómez-AcedoMCC Vice-president

Chief Executive - Household Goods

T

Fagor Electrodomésticos

22

HOUSEHOLD GOODS

2000 2001

Sales 1.031 1.049



001 was a record year interms of turnover for this

Division, with growth of 26%,together with a very significantimprovement in profitability andimportant investments totalling 24million euros. In this regard, theconstruction of the new FagorAutomation plant in Eskoriatza forits feedback business and a logis-tics centre stands out, together withthe Fagor Sistemas plant inAretxabaleta. Reconversion workwas also completed on buildingsand installations at Aurrenak andOna Pres.

Automation and Control wasaffected by the brake on demandin the sector, which led to a stabili-sation of sales. Together with theinvestment in the new plant, whichis scheduled for inauguration bythe end of 2002, the decision toproduce DROs in China stands out.This is planned for April 2002,once the prototype and pilot runphases have been completed. Itwas also an intensive year as faras the development of new numeri-cal controls and regulation compo-nents were concerned.

Forming Machinery had anexcellent year in terms of sales andprofitability, posting the best ratiosin its history at the individual co-operative level and for the groupingas a whole. As regards new prod-ucts, the development of the multi-curve presses in collaboration withOna Pres and Batz Troqueleríamerit a special mention.

It was also a year of expansion forFagor Arrasate and Ona Pres, with

the setting up of their first sub-sidiary in Germany, offering pro-duction and service in collabora-tion with a German company andfor Fagor Sistemas which took a50% holding in the Catalan com-pany Dimaq Torelló and set upCima Nord in Paris, to complementthe activities of Cima Robotique inOrange, close to Avignon.

The order books were in linewith the forecasts. This was espe-cially important for Batz, as theyachieved 26% more than theprevious year. The grouping con-tinues to have an extensive, qual-ity customer base which in theautomotive sector includes:Ford/Volvo, Volkswagen/Seat,DaimlerChrysler, Renault, PSAGroup, Opel/GM, BMW andHonda, as well as ancillary com-panies like Magna, Tower, Lear,Johnson Control, Benteler,Gestamp, Tenneco, GKN, Valeoand Norinco.

In domestic appliances: GeneralElectric/Mabe, Whirlpool/Fadsa,

Electrolux, Bosch-Siemens, Liebherrand Fagor and in the iron and steelsector: Thyssen Krupp, Aceralia/Arcelor, British Steel, Eko Stahland Acerinox.

Engineering and Consultingunderwent a significant amount ofgrowth with a 25% increase inhomogeneous terms and the incor-poration of new subsidiaries likeEde, offering a consultancy servicein the energy field and the creationof the Mone Business School, formanagement training. The group-ing also participated in the launchof MIK, a Management ResearchCentre, together with Ikerlan andMondragón Unibertsitatea, toboost the generation of new busi-ness management models andtechniques.

In organisational terms, the reor-ganisation of LKS, MSI andEnyca, giving rise, on the onehand, to iLKS in the consultancy,information systems and Internet-realted process fields and, on theother, to Mondragón Sistemas asa Systems Engineering company,specialising in Automatics,Industrial Computing andCommunications. �

José Ramón GoikoetxeaMCC Vice-president

Chief Executive - Engineering and Capital Goods

Fagor Arrasate

2

23

ENGINEERING AND CAPITAL GOODS

2000 2001

Sales 253 313



he targets established inthe business plan were sat-

isfactorily met, with a 16%increase in the overall turnoverand a 35% increase in interna-tional sales.

Machine Tools recorded a sig-nificant 22.5% increase inturnover and a 12% increase inorders, compared to a 3% reduc-tion in the sector as a whole inSpain. At the end of the year, theorder books were at 80 millioneuros, which was 28% higherthan the previous year.

However, it should be pointedout that there was a clearly neg-ative trend over the last fourmonths of the year, with an aver-age fall in orders of 32% for thesector as a whole. This downturnwas part of a wider phenomenonaffecting the whole of Europeand the developed world in gen-eral.

According to the EuropeanMachine Tool Association,Cecimo, in 2002 European pro-duction will be between 15 and17% lower than last year. This isdue mainly to less investment inthe automotive industry and theserious crisis affecting the aero-nautics industry after the eventsof 11 September in the UnitedStates.

As far as orders are concerned,the two won in Malaysia standout, the first from the Proton com-pany, for an automated line for

the manufacture of engine cylin-der heads worth 11.5 millioneuros and the second, anothercomplete line for producingcrankshafts for the Perodua com-pany, worth more than 9 millioneuros.

In terms of markets, Malaysiaoccupied first place for theDanobat Group with 18% of totalorders, followed by Germany(16%), United States (12%), Italy(11%) and France (11%). Themost outstanding aspects werethe significant improvementachieved in the United States,above all in the energy and aero-nautics sector and the significantadvances made in the aerospacedivision.

Woodwork Machinery,Tooling and Fixtures per-formed unevenly. Woodworkmachinery had a very toughyear, with significant falls inturnover and orders compared tothe previous year. However,

thanks to a tightening of costsand a lot of effort, results werebetter than expected.

On the positive side, the strongincrease in turnover and orders,especially abroad, recorded byDoiki stand out, with a 20%increase in turnover. This, togeth-er with greater internal efficien-cy, led to a high level of prof-itability.

Latz and Zubiola also had agood year, with significant invest-ment in production equipmentand increase in turnover andprofitability. �

Antonio EcheverríaMCC Vice-president

Chief Executive - Machine Tools

Danobat

T

24

MACHINE TOOLS

2000 2001

Sales 151 164



Distribution Group

25

001 was characterised by agradual slowdown in the

world economy, which put a brakeon the rate of job creation.Fortunately consumer spending didnot fully reflect this fall in the ratesof growth, with 2001 turning out tobe a moderately positive year forthe distribution sector.

As regards regulations, restrictionson commercial activity increased,as the Autonomous Communitiescreated new duties and taxes forbig stores and licences for openingnew outlets were limited depend-ing on the size of the store. The reg-ulation of the sector now suffersfrom excessive market planningand adds a considerable amountof insecurity that makes businessdifficult.

In this context, the following werethe most important milestones inthe Distribution Group’s compli-ance with the Basic CorporateObjectives :

Customer Satisfaction. Amongthe new sales initiatives undertakenby this Group in 2001 mentionshould be made of the extension toBilbao of the new on-line saleschannel with a supermarket on theInternet, which as a pilot experi-ence was first launched in Vitoria.

A number of agreements were alsosigned with associations of stock-breeders and farmers in the mainautonomous communities, in orderto extend the offer of fresh producewith guarantees prepared bymeans of integrated productionprocedures.

The Viajes Eroski travel agencyobtained the tourist industry’s Q cer-tificate for quality and is the onlyleading agency in the sector tohave done so. Likewise, in the agri-cultural food area, ISO 9002 certi-fication was achieved for the pro-duction of rabbits by Unekel and forthe finished product warehouse forBarrenetxe’s horticultural activities.

Consumer information has alwaysbeen an objective of the activitiesof the Eroski Group. In 2001, theConsumer magazine continued tobe published on a monthly basisand two practical guides were pub-lished about sport and health, andlifestyles and food. The EroskiGroup Foundation also publishedan Annual Consumer Report, abarometer for the state of consumeraffairs in Spain, the conclusions ofwhich were extracted from a sur-vey of five thousand consumers.

However, the main challenge lastyear in terms of information was toprovide advice and help millions of

shoppers in the transition to theeuro. 250 euro-advisers receivedtraining and dealt with more than350,000 enquiries, and handedout 200,000 information kits tohelp consumers familiarise them-selves with the new currency.

Profitability. In order to improvethe composition of turnover and totackle business with a high poten-tial for development and profitabil-ity, and in turn take maximumadvantage of our own chain ofstores, last year an incursion wasmade into new business segmentslike the sale of cars, the offer ofloans and other financial productsand the sale of glasses and contactlenses. New petrol stations werealso opened. These are very popu-lar with shoppers thanks to theircompetitive prices for fuel.

Advances also continued to bemade in the Group’s traditionalbusiness, with record investment innew outlets and a 12.6% increasein total annual profits.

Eroski

2

26

Distribution Group

Internationalisation. Althoughit mainly operates in Spain, theDistribution Group also has 3hypermarkets and a chain of 19supermarkets in France. The Groupis also a member of the Intergroupnon-food purchasing group, locat-ed in Denmark and which hasoffices in Hong-Kong.

Development. In line with itsstrategy for expansion, the EroskiGroup also continued to invest in2001, with a total of 557 millioneuros, to start up 355 new stores,of which 9 were hypermarkets and42 travel agency branches. Therewas also a reorganisation of thestores to adapt them to the differentformats. This expansion policy ledto the creation of 4,384 new jobs,of which more than 500 were gen-erated in the Basque Country. Thenumber of worker-membersincreased by 1,222.

As regards the Viajes Eroski travelagency, it should be stressed that,in spite of the negative effects ofthe events of 11 September on thetourist market, last year this com-pany increased its income by morethan 29%, opened 44 new branch-es and took over a wholesaler spe-cialising in holidays in America.During the year, the Travel Airbrand was also launched success-fully. This is the agency’s BusinessDivision, which recorded a signifi-cant increase in the number oflarge company clients.

Social Concerns. In 2001 theEroski Group signed new agree-ments with a number of institutionsand bodies, like the Ministry of

Agriculture, Fisheries and Food,the City Councils of Madrid andCórdoba, the Once Group, to helpfind work for the physically handi-capped, and the Federation ofBasque Schools.

The Eroski Group Foundation alsooffered Research Grants and Aid,with applications received fromdozens of Universities for projectsin the areas of Health andNutrition, and Food Safety.

More than 150,000 people partic-ipated in several solidarity-basedinitiatives proposed by theFoundation, such as the emergencyhumanitarian aid campaignsorganised with Intermon Oxfamand the Red Cross for El Salvadorand India. 332,378 people alsoattended training activities organ-ised by the Foundation.

Finally, the Consumer Schools con-centrated their educational pro-grammes on aspects like the use,preservation and dietary aspects ofproducts like cakes and pastries,wine or shell fish, with more than100,000 participants. The interac-tive classroom for environmentalawareness installed in theFoundation’s ecobus was visited by50,000 consumers, who partici-pated in educational activities con-cerning the recycling of waste athome. �

Constan DacostaMCC Vice-president

Chief Executive - Distribution Group

27

InvestmentIn millions of euros

2000 2001

563

1999

279

Workforce

2000 2001

30,158

1999

22,324

Total SalesIn millions of euros

2000 2001

4,631

1999

3,5813,895

416

25,008

or the Eroski Group, 2001was a busy year in both

business and social terms, with astrong increase in sales andemployment, the start up ofimportant projects in the logisticsarea and in the field of new tech-nologies at the service of con-sumers. The group won recogni-tion as the most supportive com-pany in Spain, with numerous ini-tiatives carried out by the EroskiGroup Foundation.

The heavy rate of investment willcontinue over the next few years,as contemplated in the StrategicPlan drawn up for the four-yearperiod 2001-2004. Over thisperiod the Group plans to invest1,200 million euros, therebycompleting the programme fromthe previous five-year period inwhich 1,274 million euros wereinvested.

In terms of logistics, the inaugu-ration stands out in Galicia of thelogistics depot for the distributionof general goods, as the mostinnovative in the sector in Spain.It was built by the Group’s part-ner company Vegonsa, and occu-pies a surface area of 24,000m2 in the initial phase which willbe extended to 64,000 m2 in2003.

The depot is equipped with acomplete radio frequency con-trolled warehouse managementsystem, with a computer systemthat enables all the processes tobe controlled on line, with thesynchronisation of all logistics

tasks, from the reception ofgoods, the internal transforma-tion of preparation of orders, tothe leaving of the load in thebays and the actual dispatch ofthe goods. The installation canprocess close to 1.5 million pal-lets a year.

In social terms, the Eroski Groupwas recognised as the most sup-portive company in Spain, for itsprogrammes in favour of the inte-gration of the underprivileged,mainly for the incorporation of100 physically handicappedpeople in the workforce of itsnew stores in Málaga andTarragona. This recognition wasthe result of a vote carried out by51 Spanish NGOs, including theRed Cross, Cáritas, Intermón,Manos Unidas, Unicef, Ayudacontra la Drogadicción and Savethe Children.

This social commitment formspart of the collaboration pro-gramme in operation with theONCE Foundation and renewedin April, which envisages increas-ing to 10% the number of handi-capped people working in theGroup as a whole. Co-operationwith the ONCE has also beenextended to the world of sportwith co-sponsorship of a profes-sional cycling team.

The Eroski Group Foundation,which has 487,852 members allover Spain, was very busy duringits second year of existence. Thefollowing actions stand out: thesigning of a collaboration agree-ment with Intermón, aimed atinforming shoppers about thecharacteristics of Fairtrade andthe sale of these products in theGroup’s stores, the preparationof an International Co-operation

EROSKI GROUP

F

28

Eroski

programme in favour of poorcountries and the annual call forthree research grants, to promotescientific and educational in theareas of food, nutrition andhealth.

The Foundation also organisedthe II National Book CollectionCampaign, which this year is forchildren in El Salvador, and co-ordinated successfully, onceagain, together with the SpanishFood Bank, the XI NationalCampaign for the collection offood for subsequent distributionto social institutions helpingneedy families.

Aimed more directly at con-sumers and in collaboration withthe Business Institute, the Grouppresented the first ConsumerBarometer in Spain, covering dif-ferent consumer parametersbased on an opinion poll carriedout all over Spain.

In the field of new technologiesand in an effort to keep shopperscontinually informed, the Groupset up the Eroski GroupFoundation Consumer Portal onthe Internet, with subject-orientedchannels covering current affairs,home economics, nutrition anddo-it-yourself, with the Consumermagazine also playing a signifi-cant role, with a circulation of340,000 copies. The Portal willalso serve as an electronic forumwhere consumers can propose,participate and exchange opin-ions about consumer affairs, soli-darity and the environment.

Finally, in a year like 2001, withthe euro playing a leading role,the Eroski Group did its utmost toinform and advise consumers.250 euroadvisers were trainedand the campaign “The Euro,with complete trust” waslaunched. This meant the freez-ing of the prices of almost19,000 products until March2002 and the indication of prod-uct prices in euros and pesetas,both on the shelves in the storesand in advertising leaflets. �

29

his Agricultural-Food clustercontinued to grow in 2001,

with a 22% increase in turnover.The most important events duringthe year were the start of animprovement process to imple-ment a quality system and theachievement of ISO 9002 certifi-cation for rabbit breeding and thefinished product warehouse forhorticultural activities.

As part of MCC’s Science andTechnology Plan, three technologi-cal projects have been started, withpositive results deriving from collab-oration at Divisional level:Development of integrated produc-tion techniques for agriculturalproducts, Improvement of microbio-logical quality of ready-preparedfood and Full traceability of compo-nents in the manufacture of feeds.

In terms of business promotion,the most important event was thelaunch of a new mixed co-opera-tive, Multifood, a joint projectdeveloped by Auzo Lagun andEroski for the production forready-prepared food, to meet thegrowing demands from this sectorof food consumption. �

Auzo Lagun

ERKOP

T

30

Research, Training and Education

31

IKERLAN

001 marked the start of aprocess of change towards

a new organisational model thatwill culminate in 2002, andwhich covers three differentareas: generic and strategicresearch, project and client man-agement, and peoples’ abilities.The technological knowledgeareas are grouped in the follow-ing operational areas: ProductDevelopment, Business Processesand Energy, with a clear orienta-tion towards integrated productdevelopment.

In order to strengthen the centre’sresearch infrastructure, an ambi-tious investment plan was started,to extend and remodel the instal-lations in Mondragón. These willinclude, together with other labo-ratories, a clean room for themicrosystems activity. Aid hasbeen received from the FederFund and the MCC Foundation tofund this investment.

Ikerlan

2

32

Research

Likewise, collaboration agree-ments were signed with theLawrence Berkeley Laboratory, atthe University of California, andwith the Components andHousehold Divisions of MCC, forresearch and development intosolid oxide fuel cell technology.

It is also worth highlightingIkerlan’s participation in the cre-ation of the ManagementResearch Centre, MIK, togetherwith MCC, LKS and MondragónUnibertsitatea, as well as theinauguration of Domolab, a cen-tre for experimenting with anddemonstrating the technologiesrelated to home automation,located in the Miñano TechnologyPark, next to the Energy Unit.

Ikerlan’s income totalled 11.5 mil-lion euros. 8 million came fromcontracted R&D projects for com-panies and 2.72 million fromgeneric and strategic researchprojects. The average workforceover the year was 187 people, inaddition to 41 scholarship hold-ers. �

ufacture of injection moulds; indus-trialisation of parts and researchinto new technologies applicableto its area of work.

MTC ended the year with incometotalling 5.72 million euros anda workforce of 102 people,mainly senior engineers andtechnicians. �

MODUTEK

odutek is engaged in thedevelopment of modules

and systems, using modern CADequipment. Its work combines theknow-how of MCC’s TechnologyCentres, the resources of theUniversity of Mondragón and theexperience of MCC’s AutomotiveDivision. Batz, Cikautxo, Maierand the MCC Foundation are allpartners in the project, which hada staff of 28 people at the end of2001.

Modutek offers services at itsclients’ plants, providing residentengineers both at home andabroad. Its projects are related todifferent areas in the automotivesector: Electronics, Protection ofPedestrians, Systems, Safety andEquipment. �

lishing the VI European Union R&DFramework Programme, leadingthe setting up of a Network forExcellence in High PerformanceMachining.

In the field of quality, Ideko wasthe first Spanish TechnologyCentre to score more than 400points in an external EFQMassessment. In terms of income,the centre obtained 4.79 millioneuros, of which 66% came fromcontracted R&D projects and therest from strategic and precom-petitive research projects. 97researchers and engineers workat the centre, in addition to 20scholarship holders. �

MAIER TECHNOLOGY CENTRE (MTC)

aier Technology Centre(MTC), part of the

Basque Technology Network, spe-cialises in the research and devel-opment of thermoplastic parts andunits for the automotive, domesticappliance, telephony and con-sumer electronics sectors.

It works on the basis of concurrentengineering, in close collaborationwith its clients, consolidating itsposition as a development suppli-er, in line with the demandingrequirements of the sector. Its activ-ities include research; design, sim-ulation and styling processes; man-

IDEKO

pecialising in MachineTools, this research centre

continued to promote joint teamsmade up of research staff fromthe centre and engineers fromcompanies. It also continued tocollaborate with Universities andleading European centres, andsigned agreements with I. F. W.in Hanover concerning technolo-gies for monitoring and control ofthe grinding process and withP.T.W. in Darmstad dealing withknowledge about high speedmilling technologies. It also con-tinued to work with MondragónUnibersitatea on ten researchprojects and five doctoral theses.

Among the most representativeprojects carried out with compa-nies, participation in the grindingmachine for aeronautical parts forGeneral Electric stands out, asdoes collaboration in the designand validation of the high speedmoving column milling machinefor the die making sector inGermany.

Ideko also participated actively inthe drawing up of MCC’s Scienceand Technology Plan, taking on theleadership of the following strate-gic projects “High PerformanceProcessing” and “DesigningRobust and Reliable Products”,which involve 19 companies witha budget in excess of 18 millioneuros. It also collaborated in estab-

M

33

S

M

MONDRAGONUNIBERTSITATEA

n academic year 2000/01,there were 3,430 students at

the MU compared to almost 3,000the year before, which was anincrease of 14%. Of these, 3,200were taking first and second leveluniversity courses and 230 thirdlevel and postgraduate courses. Inaddition to this, 606 students weredoing Senior Level TrainingCourses at the Higher PolytechnicSchool and the Faculty of BusinessScience.

The most outstanding features ofthe year were the implementationof the degree course in LanguagePsychopedagogy and the comple-tion of the process for incorporat-ing two new first level degreecourses in academic year2001/02: Technical Telecommu-

nications Engineering, specialisingin Telematics, and Telecommu-nica-tions Engineering, specialising inTelecommunications Systems.

Third level courses were also imple-mented in Business Administrationand Management and in IndustrialEngineering, official recognitionwas also obtained for third levelcourses in Industrial Organisationand Computing, and aManagement Secretary Diplomacourse was designed. Four masterscourses were started: an-MBA,Business Information Systems ERP-BAAN, Internet EnvironmentSystems Integration and InternetEnvironment Systems Development.

Work also concluded on the designof the following postgraduatecourses for inclusion in academicyear 2001/02: Masters inFinancial management, University

Expert Course in EnvironmentalManagement, Masters in WebApplications Analysis andDevelopment based on Objectsand Components, Masters inInformation and CommunicationsTechnologies Applied to Training,Masters in Development andManagement of Education Centresand a Masters in Development andStrategic Management of People.

The Strategic Plan, drawn up theprevious year, set the challengesand established the targets andactions: development of a newEducational Model –MendeberriProject-, boosting of the researchcapacity aimed at achieving 50%of teaching staff’s time dedicated toresearch, development of the uni-versity campus by means of theGaraia Innovation Park.

Another important objective is thepolicy of opening up to otherareas, which has become a realitywith the creation of the new cam-pus in the Goierri area, where thefirst level of Technical Engineeringin Mechanics is being taught, spe-cialising in welding and joiningtechniques; with the Bajo Debacampus in Elgoibar, where the firstlevel of Business Administrationand Management will be taughtand the Markina campus offeringthe degree course in PolymerEngineering. �

Escuela Politécnica

I

34

Training and Education

CIM(Centro de Idiomas

Mondragón)

n academic year 2000-01,CIM recorded a profitability

of more than 5%, which wasalmost two points higher than theyear before and a record figure forthe centre. Overall, the Centre had3,954 students: 1,813 in itsAcademic Division, 1,091 in itsBusiness Division, 500 at its Bai &By Centre in Vitoria-Gasteiz and550 at its Bai & By Centre in SanSebastián-Donostia.

In more qualitative terms, the centrewas awarded the European Sealfor innovation in foreign languageteaching and learning for the Multi-lingual project it developed. CIMreceived the award at the Ministryof Education in Madrid. Its man-agement team was also receivedby representatives of the BasqueGovernment’s Department ofEducation. �

POLITEKNIKA IKASTEGIATXORIERRI

uring the academic year2000-2001, Txorierri had

390 students within the state sys-tem. 3,995 hours of vocationaltraining were given in 53 differentcourses, attended by 643 people,mainly people in work.

A Masters in Internet EnvironmentDevelopment was held in collab-oration with MondragonUnibertsitatea and in the area ofquality, 300 points were scored

in an EFQM assessment. In inter-national terms, eight students didten weeks of practical work incompanies in Germany, UK andFinland, as part of the Europeanprogramme Leonardo.

With the economic support of theRegional Council of Bizkaia andthe MCC and the technologicalsupport of Enyca, a series of Inetsystems were implemented, whichsignificantly improved the internalmanagement of processes like:Online training, Deployment ofobjectives, Budget management,Indicator panel, Registration, etc. �

LEA-ARTIBAI

aking as a reference theprocess started in 1999 and

culminating during academic year2000-2001, Management Planswere drawn up affecting R&D andTechnical Services activities, thepromotion of the centre’s own busi-ness projects, its geographicalarea and organisational model, inorder to plan the teaching work forthe next few years.

All this coincided with the XXVanniversary of the Centre, duringwhich new installations were inau-gurated, aimed at intensifyingrelations with companies, and thefirst graduates of the PolymerEngineering course received theirdegrees. �

ARIZMENDI

his second degree co-oper-ative, which has educa-

tional centres in Mondragón,Aretxabaleta and Eskoriatza,provides schooling for more than2/3 of the children within itscatchment area. It has more than3,000 pupils who are taught bya total of 300 teachers. Its con-solidated budget is in excess of12 million euros. In 2001, coin-ciding with its incorporation intoMCC, important steps weretaken for the merger of its fourco-operatives, in an effort to opti-mise the educational offer andoffer the community a better ser-vice.

The most important aspects of theyear were the setting up of man-agement units by levels and theconcentration of VocationalTraining and 6th form studiestogether with a varied offer in theother levels, the creation of a man-agement system of our own forbasic units and the approval of asingle budget for academic year2001-2002. �

I

D T

T

35

Irakasle Eskola

OTALORA

n 2001, in the ManagementTraining area, a new Masters

course in Co-operative Managementwas carried out with 14 participantsand the academic backing of theBusiness Science Faculty ofMondragón Unibertsitatea. Twoseminars were also given dealingwith Advanced Management Tools,Product and Critical IndicatorManagement, with a total of 140hours. 84 people attended theseminars.

Likewise, a higher level course deal-ing with Distribution CompanyManagement was organised, with18 people attending. Work alsocontinued on the application of theManager Ability DevelopmentSystem, which was used by 156people.

In the field of Co-operative Training,two “Ikas” postgraduate courseswere given for 29 postgraduates,work continued on the applicationof the “Ordezkari XXI” Social BodyDevelopment System for GoverningCouncils, used by 57 council mem-bers and 7 seminars were given forSocial Council members. As for the“Bazkide XXI“ model for new co-operative members, it was appliedin 14 Co-operatives and had 472participants.

In terms of Internal Communication,the T.U. Lankide magazine contin-ued to be published on a monthlybasis. In the area of SociologicalStudies, the People Satisfaction sur-vey continued to be applied in theCo-operatives. As far as Co-opera-tive dissemination is concerned,information continued to be givenabout the Co-operative Experience,with 1,150 people from all over theworld visiting Otalora to find outabout the Mondragón Co-operativeMovement in situ. �

I

36

Financial Statements and Trading AccountOrganisational Structure

Company and Management Bodies

37

AssetsFixed 2,817 23.6 3,466 24.5 649 23.0

Current 9,130 76.4 10,671 75.5 1,541 16.9

Total Assets 11,947 100.0 14,137 100.0 2,190 18.3

LiabilitiesEquity 2,340 19.6 2,688 19.0 348 14.9

External Partners 133 1.1 159 1.1 26 19.5

Long term creditors 1,393 11.7 1,728 12.3 335 24.0

Short term creditors 8,081 67.6 9,562 67.6 1,481 18.3

Total Liabilities 11,947 100.0 14,137 100.0 2,190 18.3

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

HEADING31.12.00

Amount % distr. Amount % distr. Amount %

31.12.01 Annual Variation

his part of the Annual Report offers an over-all view of Mondragón Corporación

Cooperativa, by presenting the Corporation’s finan-cial statements and trading account at the end of2001. Likewise, a comparison of these figures withthose for the previous year shows year-on-yeardevelopments.

This year it has been decided not to include LagunAro in MCC’s overall financial statements and trad-ing account. After an internal reflection it was con-sidered that as Lagun Aro does not carry out anycommercial activities, the organisation’s profit andloss account does not bear the necessary relationwith the rest of the companies making up theCorporation to be included together with them with-out producing a distortion.

Therefore, in line with this decision, Lagun Aro hasalso been eliminated from the data for 2000 tofacilitate comparisons.

The information given refers to the integratedBalance Sheets for companies that make up theCorporation, as well as the composition of ValueAdded generated by them over the last two years.

To obtain these integrated statements, balancesreflecting operations between the Financial,Industrial and Distribution Groups have been offset,and internal economic movements have beenremoved, in order to delimit the actual situation ofMCC as far as its outward appearance is con-cerned.

MCC Financial Statements and Trading Account as at 31-12-01

T

BALANCE SHEET

MCC's Balance Sheet at 31.12.01 showed a total vol-ume of assets under administration of close to 14,137

million euros, an increase of 2,190 million euros overthe year, which is 18.3% in percentage terms.

The Group that contributed most to this growth wasthe Financial Group, whose balance, after theadjustments made for inter-company balances with-

in MCC, increased by 1,091 million euros, due tothe increase in savings attracted and loans grantedby Caja Laboral.

38

The most outstanding features of each heading ofthe balance sheet of Mondragón CorporaciónCooperativa as at 31.12.01 are detailed below:

Fixed Assets

At the end of 2001, MCC's fixed assets totalled3,466 million euros, after having increased by649 million euros (23%) during the year.

Total investment made during the year accountedfor 872 million euros, which was 18% higher thanthe previous year. Depreciations applied in 2001rose to 307 million euros, which is 17.2% morethan the figure recorded in 2000.

Current Assets

The current assets heading is the largest elementof the net worth of the Corporation and the onethat grew the most last year in absolute terms(1,541 million euros), although the increase in rel-ative terms (16.9%) was lower than that recordedin 2000.

70% of this increase came from the FinancialGroup, and was mainly due to Caja Laboral’sbank investment, with the loans granted to clientsand the cash and banks headings havingincreased the most, having risen by 814 and 337million euros, respectively.

In terms of growth this Group was followed by theDistribution Group, which recorded an annualincrease of 359 million euros, due to an increasein turnover and new areas of business.

Equity

MCC's Equity totalled 2,688 million euros at theend of the year, with Share Capital accountingfor1,185 million euros and Reserves for theremaining 1,503 million euros.

During the year Equity was considerably strength-ened, with an increase of 348 million euros

(14.9%). This increase was due to the profitabili-ty for the year, together with the demanding poli-cy for capitalisation of surplus, which is mainlyreinvested to self-finance development.

The most significant contribution to the aforemen-tioned increase came from the Industrial Group,which increased its consolidated equity by 157million euros, 45% of the MCC total. This was dueto the profits made over the year and the incor-poration of new co-operative members.

External Partners

In the last few years MCC has combined internalgrowth with the development of new companies incollaboration with external partners, both on thedomestic market and on the international market.This has led to a gradual increase in the partici-pation of external partners in joint ventures.

The capital holdings of these external partners aremainly to be found in companies included in theconsolidated statements of the industrial co-opera-tives and the distribution sector. The total for exter-nal partners accounted for 159 million euros at31.12.01, an increase of 19.5% over the year,although it continued to account for moderate per-centage of total liabilities (1.1%).

Long-term liabilities

The balance of MCC funding from third partieswith a period of maturity of more than one yearunderwent growth of 335 million euros (24%) in2001, to total 1,728 million euros at the end ofthe year.

This increase was divided among the threeGroups making up the Corporation, as in additionto the considerable increase in Caja Laboral’sterm deposits, which have won back the leadingrole from unit trusts, there was an increase in theamount of long-term funding obtained by theIndustrial and Distribution Groups to back theirrespective development.

39

Value Added 1,892 100.0 2,089 100.0 197 10.4

Personnel costs (1,080) (57.1) (1,222) (58.5) 142 13.1

Internal Yield 812 42.9 867 41.5 55 6.8

Financial Costs (191) (10.1) (256) (12.2) 65 34.0

Cash-Flow 621 32.8 611 29.3 (10) (1.6)

Depreciations (262) (13.8) (307) (14.7) 45 17.2

Operating Profit 359 19.0 304 14.6 (55) (15.3)

Transfers and other income 8 0.4 31 1.5 23 287.5

Surplus on year 367 19.4 335 16.1 (32) (8.7)

Short-term liabilities

This balance sheet heading increased by 1,481million euros (18.3%) during 2001. This wasmainly due to Caja Laboral, which recorded anincrease of 992 million euros in deposits, as aresult of attracting more funds from clients. Theincrease in the short-term liabilities of theDistribution Group (450 million euros) should alsobe highlighted, in line with the significant expan-sion in its turnover.

It should also be mentioned that, in addition toresources on the balance sheet, Caja Laboral hasa considerable amount of savings from third partieschannelled through off-balance sheet savingsschemes, mainly unit trusts and pension and wel-fare plans. The balance of these schemes came to2,077 million euros at the end of 2001, which is3.8% higher than in 2000.

HEADING

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

2000

Amount % distr. Amount % distr. Amount %.

2001 Annual Variation

VALUE ADDED

To complete this commentary on MCC's BalanceSheet, the above table is offered in which a com-parison is made of the financial statements for thelast two years, after being structured on the basis ofthe composition of Value Added.The overall Value Added generated by MCC in2001 increased by 10.4% to total 2,089 millioneuros.

The biggest part of this Value Added was generatedby the Industrial Group, which with 991 million

euros accounted for 47% of the total. It was fol-lowed by the Distribution Group with 32%, with theremaining 21% corresponding to the FinancialGroup.

Personnel Costs rose by 13.1%, due to the consid-erable amount of job creation in MCC. Wagesaccounted for 58.5% of the Value Added generat-ed, which was an increase of 1.4 points comparedto 2000. This was a result of the adverse effect thatthe slowdown in the economy had on the use of pro-duction capacity in the Industrial Group. It shouldalso be pointed out that the incorporation of new

40

Company Tax 32 8.7 28 8.4

Education and Coop. Prom. Fund 29 7.9 27 8.0

Interest on Capital Cont. and Monet. Div. 66 18.0 75 22.4

Capitalised Profit 240 65.4 205 61.2

Total Surplus on Year 367 100.0 335 100.0

companies and stores in the Industrial andDistribution Groups means that the comparisonbetween the two years is not totally homogenous.

Financial Costs increased by 34% to total 256 mil-lion euros. Although there was a downward trend ininterest rates in 2001, these falls mainly occurred inthe second half of the year and for the year as awhole the short-term ”mibor” was higher than theaverage figure for 2000. Moreover, falls in the mar-ket rates are not automatically passed on to clients,meaning that any reduction in financial costs tendsto be delayed.

As far as Caja Laboral is concerned, its financialcosts accounted for 2.49% of average total assetsfor the year, which is 0.35 points higher than the fig-ure for 2000. This, together with the growth strate-gy of the Distribution Group and the continuation ofnew plants being set up abroad by the IndustrialGroup, which has meant a significant amount ofinvestment, has led to the aforementioned increasein financial costs compared to 2000.

The depreciations applied by MCC in 2001 totalled307 million euros, with year-on-year growth of

17.2%, as a result of the high level of investment.The Distribution Group accounts for the most depre-ciations (147 million euros, 48% of the total), fol-lowed very closely by the Industrial Group (143 mil-lion euros, 47% of the total).

After all the expenses have been deducted, aTrading Profit of 304 million euros was achieved,which was 14.6% lower than in 2000.

Non-trading income consists mainly of transfers toprovisions, profits attributable to external partnersand extraordinary results. The figure for 2001 cameto 31 million euros, which was much higher than in2000.

Therefore, the Final Surplus on the year totalled335 million euros, which is a fall of 8.7% com-pared to the figure recorded in 2000. This was dueto the worsening of the economic situation, whichwas felt more by the Industrial Group, as industrytends to be the sector most affected by downwardcycles.

The following table briefly summarises how thisSurplus has been distributed, compared with 2000.

HEADING

Distribution ofMondragón Corporación Cooperativa Surplus

(millions of euros)

31.12.00

Amount % distr. Amount % distr.

31.12.01

The first three headings in the table refer to external payments. The last one covers the significant capitalisation of theremaining Surplus, in the form of co-operative dividends or reserve funds.

41

INDUSTRIAL GROUP

Presidency

General Council

CONGRESS

GENERAL COUNCILSTANDING COMMITTEE OF CONGRESS

Construction

Components

Automotive

Industrial Equipment

Household Goods

Engineering and Capital Goods

Machine Tools

President: Otaegui, Juan Mª

Vice-presidents: Salegui, Francisco

Members: Alústiza, José AntonioAlvarez, SantiagoAndrés, José LuisAnsoategui, Juan JoséArratibel, José LuisArrieta, Juan JoséEsnal, JokinGantxegi, JavierGarcía, JavierGarnica, AgustínGaztañaga, J. DomingoHerrera, MiguelLarramendi, José MªMadinagoitia, José LuisMarkaide, AgustínVillaescusa,Emilio

General Secretary: Celaya, Adrián

President: Catania, Jesús

Vice-presidents: Aldekoa, José MªDacosta, ConstanEcheverría, AntonioGoikoetxea, J.RamónGómez-Acedo, FernandoMaiztegui, JesúsOlasolo, José LuisOtaegui, Juan MªOtaño, Iñaki

Officers: Gárate, José IgnacioGisasola, José MªHerrasti, Jesús MªLaspiur, Miguel AngelUzkudun, Juan Mª

General Secretary: Celaya, Adrián

OrganisationalStructure

Social and ManagementBodies

FINANCIALGROUP

DISTRIBUTIONGROUP

Research, Training and Education Centres

42

José Mª Aldekoa Fernando Gómez-Acedo Constan Dacosta Antonio Echeverría

Jesús Maiztegui José Luis Olasolo Iñaki OtañoJuan Mª Uzkudun

José Ignacio Gárate José Mª Gisasola Jesús Mª Herrasti Miguel Angel Laspiur

Adrián Celaya

Juan Mª OtaeguiPresident of the

Congress

Jesús CataniaPresident of theGeneral Council

General Council

J.Ramón Goikoetxea

43

Banking

ARO LEASINGC/ Gran Vía 35-6º48009 Bilbao(Bizkaia)Tel.: 34 944 244 350Fax: 34 944 236 669

Activities:Financial leasing of capitalequipment

CAJA LABORALPº José Mª Arizmendiarrieta s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 719 500Fax: 34 943 719 778Servicio.de.Atencion.al.Cliente@cajalaboral.eswww.cajalaboral.es

Activities:Banking.

Insurance

LAGUN ARO VIDACapuchinos de Basurto 6-2º48013 Bilbao(Bizkaia)Tel.: 34 944 798 300Fax: 34 944 798 383www.seguroslagunaro.com

Activities:Life insurance.

SEGUROSLAGUN AROCapuchinos de Basurto 6-2º48013 Bilbao(Bizkaia)Tel.: 34 944 798 300Fax: 34 944 798 383www.seguroslagunaro.com

Activities:General Insurance.

Social Welfare

LAGUN AROPº José Mª Arizmendiarrieta s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 790 100Fax: 34 943 793 531E-mail:[email protected]

Activities:Social welfare cover forco-operators.

LAGUNARO-MONDRAGONPº José Mª Arizmendiarrieta s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 790 100Fax: 34 943 793 531

Activities:Joint occupational hazardprevention service.

BATZ SISTEMASBº Torrea 32-3448140 Igorre (Bizkaia)Tel.: 34 946 305 000Fax: 34 946 305 020E-mail: [email protected]

Activities:Assemblies, bodyworkassembly.Hand brake levers. Jacks.Pedal units. Rear axles.

CIKAUTXOBº Magdalena 2, B48710 Berriatua(Bizkaia)Tel.: 34 946 137 000Fax: 34 946 137 040E-mail:[email protected]

Activities:Injection moulded andovermoulded parts. Rubbermixes.

CIKAUTXO CZ.Letni,3867PSC 46801Jablone Nad NisouRepública ChecaTel. 00 42 042 8302224Fax 00 42 042 8302239E-mail: [email protected]

Activities:Rubber parts.

PARANOAInd. BORRACHA-CIKAUTXOAv. Casa Grande, 1.731Piraporinha CEP 09961-902 Diadema-SP-(Brasil)Tel. 55 11 40666533Fax 55 11 40666182E-mail:[email protected] has a 14%holding, MCC Inversionesa 7% holding andPromoauto a 14%holding.

Activities:Rubber processing.

ECENARROAmilaga Kalea, 1520570 Bergara(Gipuzkoa)Tel. 34 943 769 235Fax 34 943 765 637

Activities:Screws, studs, ball joints andspecial parts.

FAGOR EDERLANGaztanadui, 4220540 Eskoriatza(Gipuzkoa)Tel.: 34 943 719 000Fax: 34 943 719 001E-mail: [email protected]

Activities:Suspension arms. Knuckles.Mechanism casings. Clutchhousings.Gearbox covers.Discs. Drums. Calipers.Cylinder head coversDifferential gearboxes.Gearboxes.

FAGOR EDERLANDO BRASILRodovia Fernao Dias,Km. 887Bairro Ponte AltaCEP 37640-000EXTREMA-MG-BRASILTel.: 55 35 34355909Fagor Ederlan and MCCInversiones have a 100%holding

Activities:Machining of automotiveparts.

FAGOR FUNDIÇAOBRASILEIRARodavia Fernao DiasKm. 887 Cx. postal 15Bairro Ponte AltaCEP 37640-000EXTREMA-MG-BRASILTel.: 55 35 34358200Fax: 55 35 34358248Fagor Ederlan and MCCInversiones have a 51%holding

Activities:Casting of automotive partsand components.

FAGOR EDERLANBORJAPol. Barbalanca, s/n50540 Borja (Zaragoza)Tel.: 34 976 869620Fax: 34 976 869642E-mail:[email protected] Ederlan has a100% holding

Activities:Automotive assemblies.

GALDANPol. Ibarra, s/nAlsasua, NavarraTel.: 34 948 563 675Fagor Ederlan has a 50%holding

Activities:Aluminium die casting.

AUTOMODULOSParque Tecnológico,Ed. 10348170 Zamudio(Bizkaia)Tel.: 34 944 209 370Fax: 34 944 209 369Participada al 33% porBatz Sistemasy Fagor Ederlan

Activities:Complete axles for cars.

AUTOMODULOSARAGONPolígono Barbablanca50540 Borja(Zaragoza)Tel.: 976 866 077Fax: 976 866 078E-mail:[email protected]

Activities:Assembly of automotivecomponents.

FIT AUTOMOCIONBarrio San Juan, s/nApdo. 8020570 Bergara(Gipuzkoa)Tel.: 34 943 769 044Fax: 34 943 769 156MCC Inversiones andFagor Ederlan have a66% holding

Activities:Manufacture of brakecalipers.

FPKBº San Antolín, 1648170 Zamudio(Bizkaia)Tel.: 34 944 523 605Fax: 34 944 522 156E-mail: [email protected] Inversiones has a50% holding

Activities:Plastic assembly supports.Engine covers. Noiseshields..

Financial Group Industrial Group

List of MCC Companies

AUTOMOTIVE

44

LUZURIAGATAFALLATafalla (Navarra)Tel.: 34 948 700 250Fax: 34 948 702 054E-mail:[email protected]

Activities:Cylinder blocks and headsfor engines.

LUZURIAGAUSURBILC/ Txiki-Erdi20170 Usurbil(Gipuzkoa)Tel.: 34 943 370 200Fax: 34 943 365 564

Activities:Brake housings andsuspension arms.

MAIERPol. Ind. Arabieta, s/nApdo. 10348300 Gernika(Bizkaia)Tel.: 34 946 259 200Fax: 34 946 259 219E-mail:[email protected]

Activities:Plastic injection moulding.Die making. Finishes: chrome-plating,screen-printing, heatengraving, painting, laser,etc.

MAIER DO BRASILEstrada particularEiji Kikuti, 300Bairro CooperativaCEP 0985-2040Sao Bernardo do Campo-SP-BrasilTel.: 55 11 43556700Fax: 55 11 43556706E-mail:[email protected] has a 60% holdingand MCC Inversiones a40% holding

Activities:Plastic components.

MAIER NAVARRAPolígono Ind. Elordi, s/n31979 Iraizotz-Ultzama(Navarra)Tel.: 34 948 309 210Fax: 34 948 309 333E-mail:[email protected]

Activities:Plastic injection moulding.

MAIER UKChaserwater HeathsIndustrial AreaAttwood RoadBurntwoodWest Midlands WS7 8GJ(Reino Unido)Tel.: 00 44 1543 277460Fax: 00 44 1543 278752E-mail:[email protected] has a 60% holdingand MCC Inversiones a40% holding

Activities:Plastic injection mouldingand finishing.

CHROMECOLichfield RoadBrownhillsWest Midlands WS8 6LH(Reino Unido)Tel.: 00 44 1543 453333Fax: 00 44 1543 575402Maier has a 60% holdingand MCC Inversiones a40% holding

Activities:Plastic injection mouldingand finishing.

FERROPLASTPolígono “A Granxa”Parcela 2, Rua 136400 Porriño(Pontevedra)Apdo. 6015 36210 VigoTel.: 34 986 342 020Fax: 34 986 342 999E-mail: [email protected] has a 51% holding

Activities:Thermoplastic injectionmoulding.

MAPSACtra. Echauri, 1131160 Orcoyen(Navarra)Apdo. 100231080 PamplonaTel.: 34 948 325 011Fax: 34 948 325 323E-mail:[email protected]

Activities:Manufacture of aluminiumwheel rims.Manufacture of water pumphousings.Low pressure and gravitycast aluminium parts.

PROMOAUTOPortal de Gamarra, 40Apdo. 62801080 VitoriaTel.: 34 945 129 100Fax: 34 945 129 110MCC inversiones has a50% holding

Activities:Development of automotiveparts.

PROMOAUTOCOMPONENTESAv. Eurico AmbrogiSantos, 2.100Distrito IndustrialPiracangaguáCEP 12042-010 Taubaté-Sao Paulo (Brasil)Tel.: 55 12 36276006Fax: 55 12 36276002E-mail: [email protected] has an 81%holding

Activities:Manufacture of machinedcomponents.

COAISAAv. Monseñor PabloCabrera, 4.8115008 Córdoba(Argentina)Tel.: 00 54 351 4760006Fax: 00 54 351 4762082E-mail:[email protected] has an 81%holding

Activities:Manufacture of enginecradles.

GIASAAv. Monseñor PabloCabrera, 4.8075008 Córdoba(Argentina)Tel.: 00 54 351 4762101Fax: 00 54 351 4762082E-mail:[email protected] has an 81%holding

Activities:Engineering, manufactureand implementation ofassembly and welding lines.

MASAAv. Monseñor PabloCabrera, 4.8095008 Córdoba(Argentina)Tel.: 54 351 4762092Fax: 54 351 4767329E-mail:[email protected] has an 81%holding

Activities:Design and manufacture ofdies.

CONSONNIBº Trobika, s/n48100 Munguía(Bizkaia) Apdo. 35Tel.: 34 946 156 331Fax: 34 946 156 281E-mail: [email protected]

Activities:Heating elements forwashing appliances, waterheaters, central heatingequipment, small domesticappliances and industrialuse.

COPRECIAvda. de Alava, 3E-20550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 71 94 99Fax: 34 943 79 23 49E-mail:[email protected]

Activities:Taps and thermostats for gascookers, ovens and hobs.Electrically operated pumps,timers, pressure switches,thermostats and electroniccontrols for washingmachines and dishwashers.Transformers for microwaveovens. Components for gasheaters. Thermostats forwashing machines, convec-tors and electric ovens.

COPRECI DO BRASILAvda. Eurico AmbrogiSantos 1900 ADistrito Industrial dePiracangaguáCEP: 12010-970Taubaté-SP-BrasilTel.: 55 12 2861573Fax: 55 12 2861553

Activities:Taps for gas cooking.

COPRECI MEXICOC/Uno, nº 736 Z.I.GuadalajaraJalisco-México 44940Tel.: +52 33 3 145 1963Fax: +52 33 3 145 1056E-mail:[email protected]

Activities:Valves for gas barbecuesand cooking taps.

COPRECISYSTEMS, s.r.l.Vía G. Galilei 1231010 Mareno di Piave(TV) ItaliaTel.: +39 043 8492531Fax: +39 043 8492559E-mail:[email protected]

Activities:Gas rails and tubings.

COPRECIVALENCIANA, S.A.Lepanto 6E-46930 Quart de Poblet(Valencia)Tel.: +34 96 1536165Fax: +34 96 1536166E-mail:[email protected]

Activities:Gas burners for cookers andhobs.

ZERCOKomenského 274793 68 Dvorce uBruntáluCzech RepublicTel.: 420 646 74 54 92Fax: 420 646 74 54 95E-mail: [email protected]

Activities:Manufacture of taps andsafety systems for domesticgas applications.Pressure switches andelectric thermostats forwashing appliances.

COMPONENTS

45


EIKAEtxebarriaApdo. 20E-48270 Markina(Bizkaia)Tel.: 34 946 167 732Fax: 34 946 167 746E-mail: [email protected]

Activities:Shielded heating elements.Electric hotplates. Heatersand touch controls for glassceramic hobs.

CZEIKAPrúmyslová, 3143/5Prostejov (Rep. Checa)Tel.: +420 508 360440Fax: +420 508 360400Participada al 100% porEika

Activities:Hot plates for cookers.

FOUNDEIKNádrazní, 50 Hlubocky-Mariánské Üdolí 783 66(Rep. Checa)Tel.: 00 420 685067560Fax:00 420 685067800E-mail:[email protected] has a 60% holdingand MCC Inversioneshas a 40% holding

Activities:Casting.

EMBEGAPol. Industrial, s/nApdo. 63E-31200 Estella(Navarra)Tel.: 34 948 54 87 00Fax: 34 948 54 87 01E-mail:[email protected]

Activities:Decorative metal trims.Printed gaskets.Membrane switches.

FAGOR ELECTRONICABº San Andres, s/nApdo. 3320500 Mondragón(Gipuzkoa)Tel.: 34 943 71 25 26Fax: 34 943 71 28 93E-mail:[email protected]@fagorelectronica.eswww.fagorelectronica.com

Activities:Discrete semiconductors foraxial and SMD surfacemounting. HYPERECTIFIERtechnology. Systems foranalog and digital TVreception: Receivers,Modular, Amplifiers,satellite dishes...Distribution components.Home systems. Electronicsubcontracting: regulationand control circuits for thedomestic appliance andautomotive sectors.

FAGORELECTRONICS(THAILAND) LTD.Wellgrow IndustrialEstate82 Moo 5 Bangna- TradHighway Km. 36Bangsamk-BangpakongChachoengsao24180(Thailand)Tel.: 00 66 38 570089 (90)Fax: 00 66 38 570091E-mail:[email protected] Electronica has a100% holding

Activities:Manufacture of electroniccomponents.

MANCHALANAvda. Castilla laMancha, 11E-19171 Cabanillas delCampo(Guadalajara)Tel.: 34 949 337 525Fax: 34 943 337 526E-mail:[email protected]

Activities:Assembly of units and sub-units for the domesticappliance and automotivesectors. Plastic injectionmoulding.

MATZ-ERREKABº de Ibarreta, s/nE-20577 Antzuola(Gipuzkoa)Tel.: 34 943 78 60 09Fax: 34 943 76 63 75E-mail:[email protected]

Activities:Plastic injection.Fixing elements. Automationequipment for doors andshutters.

MATZ-ERREKAMEX*Misión de Bucareli, 8Parque Industrial Bernar-do QuintanaMunicipio El MarquesCP 76249 QueretaroMéxicoTel.: +52 442 2216078 Fax: +52 442 2216080www.matz-erreka.com

Activities:Plastic processing.

ORKLICtra. ZaldibiaE-20240 Ordizia(Gipuzkoa)Tel.: 34 943 80 50 30Fax: 34 943 80 51 85E-mail: [email protected]

Activities:Safety components,Regulation and Control forcentral heating systems,domestic hot water andfluids. Thermoelectric safetysystems for gas: domesticappliances: electromagneticunits and thermocouples.

TAJOPolígono Ind.Aranguren s/nBº ArraguaE-20180 Oiartzun(Gipuzkoa)Tel.: 34 943 26 00 00Fax: 34 943 49 13 63E-mail:[email protected]

Activities:Plastic injection. Mouldconstruction for plasticinjection.

Lifts andelevators

ORONAPol. Ind. Lastaola20120 Hernani(Gipuzkoa)Tel.: 34 943 551 400Fax: 34 943 550 047E-mail:[email protected]

Activities:Manufacture andinstallation of lifts andescalators. Maintenanceand repair of lifts andescalators. Installation andmaintenance of pedestriandoors.

Structures andHandling

BIURRARENAPol. BidebitarteDonostia Ibilbidea, 28Apdo. 88720014 Astigarraga(Gipuzkoa)Tel.: 34 943 554 350Fax: 34 943 555 360

Activities:Machinery and After SalesService (Public works andforestry)Maintenance and industrialsupply.(Maintenance management,marketing of hydraulic andpneumatic material,assembly of structures andinstallations).

ECOTÈCNIAAmistat, 23-1º08005 BarcelonaTel.: 34 932 257 600Fax: 34 932 210 939E-mail:[email protected]

Activities:Design, manufacture andmaintenance of wind-powered generators andwind farms.

ECOTÈCNIANAVARRAPol. Ind. de Buñuel,Parcela G.131540 Buñuel(Navarra)Tel.: 94 883 20 12Fax: 94 883 20 59E-mail:[email protected]ècnia has a 25%holding.

Activities:Assembly of wind-poweredgenerators.

CALDERERIATORRES ALTAMIRASuzana, s/n.Pol. Ind. de Bayas, 13509200 Miranda de Ebro(Burgos)Tel.: 93 225 76 00Fax: 93 221 09 39E-mail:[email protected]ècnia has a 40%holding and MCCInversiones has a 30 %holding

Activities:Manufacture of towers forwind-powered generators.

CONSTRUCTION

46

VENDAVALPROMOCIONESEOLICASAmistad, 2308005 Barcelona(Barcelona)Tel.: 93 225 76 00Fax: 93 221 09 39E-mail:[email protected]ècnia has a 40%holding and MCCInversiones has a 20 %holding

Activities:Promotion of wind farms

ROCHMAN48210 Ochandiano(Bizkaia)Tel.: 34 945 450 075Fax: 34 945 450 257E-mail: [email protected]

Activities:Rollways. Handlinginstallations.Packaging and wrappingmachines.

URSSACampo de los PalaciosApdo. 28401006 Vitoria (Alava)Tel.: 34 945 135 744Fax: 34 945 135 792E-mail: [email protected]/urssa

Activities:Engineering, manufacture ofmetal structures.

ConstructionWork andMaterials

ETORKIPol. Ind. Murga, 1601479 Murga-Aiala(Alava)Tel.: 34 945 399 072Fax: 34 945 399 223E-mail:[email protected]

Activities:Pine boards and planks.

LANAC/ SantxolopeteguiAuzoa, 2420560 Oñati(Gipuzkoa)Tel.: 34 943 780 111Fax: 34 943 783 222E-mail:[email protected]

Activities:Formwork boards. Boardsfor furniture. Three-plyboards. Boards for structuraluse.

Ulma Group

ULMA C y EPº Otadui, 3 Apdo. 1320560 Oñati(Guipúzcoa)Tel.: 34 943 034 900Fax: 34 943 034 920www.ulma.es

Activities:Greenhouses. Constructionsystems. Packaging systems.

ULMA FORJABº Zubillaga, Apdo. 1420560 Oñati(Guipúzcoa)Tel.: 34 943 780 552Fax: 34 943 781 808www.ulma.es

Activities:Flanges and fittings.

ULMAHORMIGONPOLIMEROBº Zubillaga, 89Apdo. 2020560 Oñati(Guipúzcoa)Tel.: 34 943 780 600Fax: 34 943 716 469www.ulma.es

Activities:Prefabricated elements forconstruction.

ULMAMANUTENCIONPº Otadui, 8 Apdo. 3220560 Oñati(Guipúzcoa)Tel.: 34 943 782 492Fax: 34 943 782 910www.ulma.es

Activities:Automatic warehousesForklift trucks.

Leisure andsport

DIKARUrarte Kalea, 26Apdo. 193(Pol. Ind. San Lorenzo)20570 Bergara(Gipuzkoa)Tel.: 34 943 765 548Fax: 34 943 760 814E-mail: [email protected]

Activities:Muzzle-loading weapons.

SHANGHAIWINGROUP LEISUREAND SPORTSEQUIPMENTMengjing, Village,Huangdu TownJinding District, ShanghaiP.R. ChinaTel.: 8621 59594169Fax: 8621 59594769

Activities:Sports equipment.

WINGROUPApartado 168Urarte, 1420570 Bergara(Gipuzkoa)Tel.: 34 943 769 056Fax: 34 943 769 178E-mail:[email protected]

Activities:Camping and exerciseequipment.

EREDUOla Auzoa, 420250 Legorreta(Gipuzkoa)Tel.: 34 943 806 100Fax: 34 943 806 374E-mail: [email protected]

Activities:Metal furniture forcountryside, beach andgarden.Modern furniture for indooruse.

ORBEAPol. Ind. Goitondo48269 Mallabia(Bizkaia)Tel.: 34 943 171 950Fax: 34 943 174 397E-mail:[email protected]

Activities:Bicycles.

TechnicalComponentsand Equipment

AMPOBº Katea, s/n.Idiazabal (Guipúzcoa)Tel.: 34 943 188 000Fax: 34 943 188 130

Activities:Steel casting and spun tubefor industrial valves. AMPOIndustrial valves for petro-chemical industry, naturalgas, power and aluminium.POYAM.

EDERFILPol. Industrial, s/n20250 Legorreta(Gipuzkoa)Tel.: 34 943 806 050Fax: 34 943 806 349E-mail:[email protected]

Activities:Electric conductors.

HERTELLPoligono Industrial, s/n20267 Ikastegieta(Gipuzkoa)Tel.: 34 943 653 240Fax: 34 943 653 332E-mail: [email protected]

Activities:For the agricultural sector:Depressors. Valves.Reducers, accessories.Water pumps and milkingpumps.

IRIZARSan Andrés, 620216 Ormaiztegi(Gipuzkoa)Tel.: 34 943 809 100Fax: 34 943 889 101E-mail: [email protected]

Activities:Luxury long- and medium-distance coach bodywork.

IRIZAR DO BRASILRodobia Mal. Rondon,Km. 252,5CEP 18603-970Botucatu-SP-BrasilTel.: 55 14 68028000Fax: 55 14 68028001E-mail:[email protected]

Activities:Coach manufacture.

IRIZAR TVSTrichy Road, Viralimalai621316 Tamil Nadu(India)Tel.: 00 91 4339 20393Fax: 00 91 4339 20236E-mail:[email protected]

Activities:Coach bodywork.

INDUSTRIALEQUIPMENT

47

IRIZAR MAGHREBOulja, Km 0.300Sal-e - MoroccoTel.: 212 7 81 01 15Tel.: 212 7 81 01 13Irizar has a 34% holding


IRIZAR MÉXICOParque Ind. BernardoQuintanaParcelas 7 al 12-Manzana14Municipio El MarquésQueretaro-MéxicoTel. 00 52 42 382500Fax 00 52 42 215395E-mail:[email protected] has a 100%holding


TIANJIN IRIZARCOACH218 Hong QiNankai DistrictTianjin (China)Tel.: 86 022 761 3041Fax: 86 022 761 3345Irizar has a 36% holding


UROLAUrola-Kalea, s/nApdo. 320230 Legazpia(Gipuzkoa)Tel.: 34 943 737 003Fax: 34 943 730 926E-mail:[email protected]@urola.comwww.urola.com

Activities:Construction of blowingmachines for themanufacture of hollowthermoplastic bottles.Manufacture of blowingmoulds. Plastic extrusion.Plastic injection moulding.Plastic blowing. Plasticinjection moulding-blowing

IndustrialServices

ALECOPLoramendi, s/n20500 Mondragón(Gipuzkoa)Tel.: 34 943 712 405Fax: 34 943 799 212E-mail:[email protected]

Activities:Technical educationalequipment. Prefabricatedelectrical installations.

MANCHALANAv. Castilla La Mancha,1119171 Cabanilla delCampo (Guadalajara)Tel.: 949 337525Fax: 949 337526E-mail:[email protected], Tajo andComponentes deElectrodomesticos yElectronicos, S.Coop.each have a 20%holding

Activities:Assembly of electricalinstallations for domesticappliances. Assembly of carparts. Manufacture of plasticparts for domesticappliances.

PRODESOUribe Auzoa, 10202500 Mondragón(Gipuzkoa)Tel.: 34 943 712 630Fax: 34 943 711 717E-mail: [email protected]

Activities:Education and trainingsystems. Consultancy andtechnical assistance ineducation. Teachingmaterial. Technologicalresearch centres. Companycreation and innovationcentres. Generalconsultancy.

ALKARGOBº Belako, s/nApdo 10248100 Mungia (Bizkaia)Tel.: 34 946 740 004Fax: 34 946 744 417E-mail:[email protected]

Activities:Distribution transformers.Medium-power transformers.Autotransformers. Dryencapsulated transformers.

COINALDEConcejo, 1001013 Vitoria(Alava)Tel.: 34 945 264 288Fax: 34 945 253 997

Activities:Nails. Wire. Metal mesh.

ELKARLarrondo BehekoEtorbidea, Edif. 448180 Loiu(Bizkaia)Tel.: 34 944 535 205Fax: 34 944 535 776E-mail: [email protected]

Activities:Industrial catalogues. Books.Advertising leaflets. AnnualReports. Magazines.Graphic products in general

LITOGRAFIADANONAPol. Ugaldetxo, s/n20180 Oiartzun(Gipuzkoa)Tel.: 34 943 491 250Fax: 34 943 491 660E-mail: [email protected]

Activities:Catalogues. Magazines.Books. Posters. Leaflets.Annual Reports.

ROTOK INDUSTRIAGRÁFICAPol. Industrial Txirrita-Maleo. Pabellón 11Pol. Ugaldetxo, s/n20100 Renteria(Gipuzkoa)Tel.: 34 943 344 614Fax: 34 943 524 767E-mail: [email protected]

MCC Inversiones has a37% holding and Keslan,Danona and Elkar a 38%holding

Activities:Rotary press.

OIARSOBº Zikuñaga, 57-FPolígono Ibarluze20128 Hernani(Gipuzkoa)Tel.: 34 943 335 020Fax: 34 943 335 210E-mail:[email protected]

Activities:For the health sector:Infusion equipment.Transfusion equipment.Catheters. Epicraneals.Enteral nutrition. Parentaralnutrition. Accessories andconnectology. Probes.Anaesthesia equipment. AntiAIDS kit.

OSATUTravesía de Padure, s/n48240 Berriz(Bizkaia)Tel.: 34 946 225 399Fax: 34 946 225 391E-mail:[email protected]

Activities:Electro-medical equipment:Basic defibrillators, withmonitor and recording, withpacemakers andpulsioximetry, semiautomatic.

Domesticappliances

DOMUSABº San Esteban, s/n20737 RégilAptdo. 95 - 20730AzpeitiaTel.: 34 943 813 899Fax: 34 943 815 666

Activities:Individual boilers.

EDESACervantes, 4548970 Basauri(Bizkaia)Tel.: 34 944 491 200Fax: 34 944 495 096www.edesa.mcc.es

Activities:White goods.

FAGORELECTRODOMESTICOSBº San Andrés, s/nApdo. 4920500 Mondragón(Gipuzkoa)Tel.: 34 943 719 100Fax: 34 943 796 881E-mail:[email protected]

Activities:Cookers. Ovens. Extractorfans. Microwave ovens. Airconditioning. Fridges andfreezers. Washing machines.Dryers. Dishwashers. Waterheaters. Boilers. Storageheaters. Kitchen units andkitchenware.


HOUSEHOLD GOODS

48

ELCO-BRANDT7 rue Henri Becquerel92500 Ruel Malmaison(Francia)Tel.: 00 33 1 47166886Fax 00 33 1 47 166898Fagor Electrodomesticoshas a 10% holding

Activities:Manufacture of domesticappliances.

EXTRAELECTROMENAGERAvenue Hassan IIBP 179 Mohammedia(Marruecos)Tel.: 212 2 3327412Fax 212 2 3327425Fagor Electrodomésticoshas a 100% holding

Activities:Manufacture of domesticappliances

GEYSER GASTECHBº San Juan s/nApdo. 15120570 Bergara(Gipuzkoa)Tel.: 34 943 769 004Fax: 34 943 767 136Fagor Electrodomesticoshas a 50% holding

Activities:Gas water heaters.

MC LEANValentín Gomez, 1511706 HaedoProv.Buenos Aires(Argentina)Tel.: 54 114 44898905Fax: 54 114 49890942E-mail:[email protected] Electrodomesticosand MCC Inversioneshave a 50% holding

Activities:Manufacture of domesticappliances.

WROZAMETZmigrodzka 143 St.Wroclaw(Polonia)Tel. 00 4822 6398985Fax 00 4822 6398985E-mail:[email protected] Inversiones andFagor Electrodomesticoshave a 75.96% holding

Activities:Manufacture of domesticappliances

Furniture

COINMAVitoriabidea 4-Z.I.Ali - Gobeo01010 Vitoria (Alava)Tel.: 34 945 241 616Fax: 34 945 240 637E-mail:[email protected]/coinma

Activities:Wooden office furniture.

COINMA INDIA41, Sector 18, UdyogVihar, Gurgaon122001 Haryana(India)Tel.: 91 124 6348245Fax: 91 124 6346870E-mail:[email protected]

Activities:Marketing of furniture forthe home and office.

DANONAAnardi Area, 2Apdo. 4220730 Azpeitia(Gipuzkoa)Tel.: 34 943 815 900Fax: 34 943 151 481E-mail:[email protected]

Activities:Veneered and melaminelounge furniture.Veneered and melaminedining room furnitureVeneered and melaminebedroom furnitureVeneered and melaminechildren’s bedroom furnitureUpholstered sofas

CommercialEquipment

FAGORINDUSTRIALSantxolopetegui, 22Aptdo. 1720560 Oñati(Gipuzkoa)Tel.: 34 943 718 030Fax: 34 943 718 181E-mail:[email protected]

Activities:300 to 3,000 dishes/hourdishwashers.Glass washers. 7-10-14-25-50 kg. washing machines.Ranges. Brat pans.Convection and combisteamers (gas and electric).Fryers. Fry-tops.Commercial refrigeration.

FAGOFRICtra. Córdoba-Málagakm. 814900 Lucena(Córdoba)Tel.: 34 956 516 179Fax: 34 957 515 621Fagor Industrial has a51% holding

Activities:Domestic appliances.

KIDEPol. Gardotza, s/n48710 Berriatua(Bizkaia)Tel.: 34 946 833 510Fax: 34 946 833 133E-mail:[email protected]

Activities:Insulated panels and doorsfor coldrooms, cold storesand miniboxes.

Automation andControl

FAGORAUTOMATIONBº San Andrés s/nApdo. 14420500 Mondragón(Gipuzkoa)Tel.: 34 943 799 511Fax: 34 943 791 712E-mail: marketing-info@faborautomation. mcc.eswww.fagorautomation.mcc.es

Activities:Numerical controls. Digitalreadouts. Linear and rotarytransducers. Feed andheadstock regulators. Feedand headstock motors.

EngineeringandConsultancy

e-LKSAvda. La Cerrada, 3739600 Maliaño(Cantabria)Tel.: 34 942 261 096Fax: 34 942 260 506E-mail: [email protected], MSI and MCChave a 66.6% share

Activities:Telecommunicationsengineering

MONDRAGONCONETIturroz, 21 bajo20500 Mondragón(Gipuzkoa)Tel.: 943 712 727Fax: 943 711 750E-mail:[email protected] has a 62% holdingand MCC Desarrollo a38% holding

Activities:Connection services

LKS CDEEGeneral Arrando, 40-3º28010 MadridTel.: 34 913 191 299Fax: 34 913 198 102E-mail:[email protected], LKS, S.Coop havea 73% holding

Activities:Engineering andconsultancy.

LKS CONSULTORIAPº José Mª Arizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 770 335Fax: 34 943 771 012E-mail:[email protected]

Activities:Consultancy.Management Advice.Specific solutions. Trainingin Strategy, Quality andContinuous improvement,Marketing, Organisationand Human resources,Industrial Engineering andlogistics, Economic-Financialmatters. Account auditing.

49

ENGINEERING ANDCAPITAL GOODS

LKS CINYMAPlaza Europa, 5º- 1º B15707 Santiago deCompostela (A Coruña)Tel.: 981 566 299Fax: 981 558 435E-mail:[email protected], LKS and LKSIngeniería have a 60%holding

Activities:Engineering andConsultancy.

LKS IAMMAlmda. Doctor Areilza,56 -1º Centro48010 BilbaoTel.: 944 702 080Fax: 944 701 107 E-mail:[email protected] has a 60% holding

Activities:Market research.

LKS INGENIERIAPº José Mª Arizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 770 335Fax: 34 943 793 878E-mail:[email protected]

Activities:Engineering consultancy.Property valuations. CivilEngineering. Building.

LKS INTELCOMPlaza Larrín, nº120550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 451Fax: 34 943 712 351E-mail: [email protected] Ingenieria, ENYCAand AIC have a 100%holding.

Activities:Engineering,Telecommunications.

LKS TASACIONESPol. Basabe, Edificio F20550 Aretxabaleta(Gipuzkoa)Tel.: 943 712 100Fax: 943 797 735E-mail: [email protected] Ingenieria has a90% holding

Activities:Property valuation. Propertyadvice. Propertymanagement.

LKS STUDIOAlmagro, 15 - 5ª planta28010 Madrid (Madrid)Tel.: 917 022 474Fax: 917 022 475E-mail: [email protected] Ingenieria and AIChave a 60% holding.

Activities:Project and buildingmanagement.

INDISERPlaza AlférezProvisional, 3 entreplanta26001 Logroño(La Rioja)Tel.: 941 221 318Fax: 941 226 558E-mail:[email protected] Ingenieria has a55% holding

Activities:Winery projectengineering.

MSIMONDRAGONSISTEMAS DEINFORMACIONAma kandida, 21(Denac)20140 Andoain(Gipuzkoa)Tel.: 34 943 594 400Fax: 34 943 590 536E-mail:[email protected]@msi.mcc.es

Activities:Computer systems andservices.

SEILe Forum64116 Bayonne CEDEX(Francia)Tel.: 33 559 580 000Fax: 33 559 580 199E-mail: [email protected] and AIC have a100% holding

Activities:Computing and softwaredevelopment.

I3SPlaza del Museo,1-3º48009 BilbaoTel.: 34 944 241 993Fax: 34 944 238 348MSI, MCC Inversionesand AIC have a 51%holding

Activities:Consultancy and sale ofcomputer services.

ONDOANParque Tecnológico Edif. 101 módulo C48170 Zamudio(Bizkaia)Tel.: 944 522 313 Fax: 944 521 047E-mail: [email protected]ón en Gipuzkoa:Polígono Basabe, F0520550 Aretxabaleta(Gipuzkoa)Tel.: 943 771 587Fax: 943 771 684E-mail: [email protected]

Activities:Design and development of:Engineering projects andsite management, carryingout and maintenance ofgeneral installations,emergency and self-protection plans andturnkey systems.Environmental Consultancyand Advice Service.Occupational HazardPrevention Consultancy andAdvice Service.Maintenance and Repair ofgeneral installations inindustrial buildings andservices.

ONDOANSERVICIOSParque Tecnológico Edif. 101 módulo C48170 Zamudio(Bizkaia)Tel.: 944 522 270Fax: 944 521 047Ondoan, S. Coop. has a100% holding.

Activities:Installation maintenancemanagement.

Metal Forming

AURRENAKVitorialanda 15Ali - Gobeo01010 VitoriaTel.: 34 945 244 850Fax: 34 945 246 912E-mail:[email protected]

Activities:Tooling for different ironand aluminium castingtechnologies in theautomotive sector.

BATZTROQUELERIABº Torrea 32 - 3448140 Igorre(Bizkaia)Tel.: 34 94 6315 707Fax: 34 94 6315 566E-mail:[email protected]

Activities:Die manufacture.

FAGOR ARRASATEBº San Andrés, 20Apdo. 1820500 Mondragón(Gipuzkoa)Tel.: 34 943 719 999Fax: 34 943 799 677E-mail:[email protected]

Activities:Presses and stampingsystems.Strip processing systems.Welded tube and sectionmanufacturing systems.Transfer, progressive andconventional dies.Engineering andconsulting..

FAGOR SISTEMASPolígono IndustrialBasabe, pab. E.Apdo. 19820550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 080Fax: 34 943 712 210E-mail:[email protected]

Activities:Automatic assemblysystems.Robotics.

CIMA ROBOTIQUEParc d‘activités lePradines84100 OrangeFranceTel.: 33 49 0111 660Fax: 33 49 0511 887E-mail:[email protected] Sistemas has a99% holding.

Activities:Automatic assemblysystems.Robotics.

DIMAQ TORELLOMas les Vinyes, 1808570 Torello(Barcelona)Tel.: 34 948 504 262Fax: 34 938 594 062E-mail: [email protected] Sistemas has a50% holding

Activities:Automatic assembly systems

ONA-PRESPol. IndustrialUgaldeguren IIBº San Antolín, s/n48170 Zamudio(Bizkaia)Tel.: 34 944 523 808Fax: 34 944 523 980E-mail:[email protected]

Activities:Hydraulic presses.


50

Machine Tools(Cutting))

DANOBATArriaga kalea, 21Apdo. 28E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 740 250Fax: 34 943 743 138E-mail:[email protected]

Activities:Grinding machines: CNC,cylindrical, exteriors andinteriors, flat surfaces, bridgeand special for theaeronautical sector.Lathes: CNC, lathe centres,vertical. Automatic handling.

DANOMAR3400 CLUJ Napoca -ROMANIA B-dulMunciiNr 14PO.Box1404Tel.:0040-64-415006Fax.;0040-64-415047

Activities:Machine tools.

D+S SISTEMASArriaga Kalea, 1Apdo. 80E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 050Fax: 34 943 743 767E-mail:[email protected]

Activities:Special machinery. Specialand transfer machines.Flexible machining lines.

ESTARTA RECTIFICADORAC/ Autonomía, 1Apdo. 147E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 743 705Fax: 34 943 741 758E-mail:[email protected]

Activities:Construction of centrelessgrinding machines.

GOITIArriaga Kalea 1Apdo. 80E-20870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 323Fax: 34 943 748 144E-mail:[email protected]

Activities:CNC sheet metal punchingmachines.CNC punching machineswith shears included.Laser cutting machines.Automatic press brakes andflexible bending andpunching systems.Punching tools.

LEALDEBarrio Cortazar, s/nApdo. 11I-48288 Ispaster (Bizkaia)Tel.: 34 946 844 004Fax: 34 946 844 130E-mail:[email protected]

Activities:Horizontal CNC lathes.Vertical CNC lathes.

SORALUCEBº OsintxuB-20570 Bergara(Gipuzkoa)Tel.: 34 943 748 050Fax: 34 943 765 128E-mail:[email protected]

Activities:Moving column millingcentres. Fixed bed CNCmilling machines. Machiningcentres. Radial drillingmachines.

Machinery forWood, Toolingand Fixtures

DOIKIPol. Ind. Goitondo 548269 Mallabia(Bizkaia)Tel.: 34 943 171 600Fax: 34 943 174 273E-mail:[email protected]

Activities:Dimensional verificationtooling. High precisionmechanics. Electronic,pneumatic and mechanicalgauges. Machining fixtures.

EGURKOBasusta Bidea, 9Apdo. 2520750 Zumaia(Gipuzkoa)Tel.: 34 943 860 100Fax: 34 943 143 107E-mail:[email protected]

Activities:Machinery for wood. Edgeveneering machines.Profiling machines.Combined veneering +profiling machines. Sandingmachines.

LATZAvda. de los Gudaris,s/nApdo. 5620140 Andoain(Gipuzkoa)Tel.: 34 943 592 512Fax: 34 943 591 391E-mail:[email protected]

Activities:Standard HSS, HSSCo andsolid carbide drills. SpecialHSS, HSSCo and solidcarbide tools.

ORTZAPol. Areta, s/n31620 Huarte-Pamplona(Navarra)Tel.: 34 948 330 438Fax: 34 948 330 002E-mail:[email protected]

Activities:Machinery for wood.Equalising and sectioningsaws. Machining centres.

ZUBIOLABº Landeta, s/n20730 Azpeitia(Gipuzkoa)Tel.: 34 943 157 056Fax: 34 943 150 026E-mail:[email protected]

Activities:Tools for wood: HSS drills.MD drills. HSS millingcutters. MD milling cutters.Discs. Cutter heads.Window units. Cutters.

Distribution

CONSUMAvda. de Espioca, s/n46400 Silla (Valencia)Tel.: 34 961 974 050Fax: 34 961 974 092E-mail:[email protected]

Activities:Retailing of consumerproducts in small and largestores: Fruit and vegetables,meat and cold meats, fish,dairy products, groceries,drinks, frozen food, cleaningmaterials and householdgoods, textiles, domesticappliances, leisure articles,do-it-yourself, sound andvision, kitchenware.

EREIN COMERCIALPol. Ibur Erreka, s/nApdo. 24220600 Eibar (Gipuzkoa)Tel.: 34 943 208 544Fax: 34 943 208 [email protected]

Activities:Marketing of food productsto the catering trade andcollectives.

EROSKIBº San Agustín, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 211 211Fax: 34 946 211 222E-mail:[email protected]

Activities:Retailing in small and largestores: Fruit and vegetables,meat and cold meats, fish,dairy products, groceries,drinks, frozen food, sundriesand cleaning materials,textiles, domestic appliances,leisure articles, do-it-yourself,sound and vision,kitchenware, travel andpetrol.

ERAMARESTAURACIÓNCentro ComercialGarbera, local 6820015 Donostia(Gipuzkoa)Tel.: 34 943 394899Fax: 34 943 401388E-mail: [email protected] has a 50% holdingand Auzo-Lagun has a50% holding

Activities:Catering.

MACHINE TOOLS

51

Distribution group

FORUM SPORTBº Kortederra, s/n48340 Amorebieta(Bizkaia)Tel.: 34 946 300 094Fax: 34 946 300760E-mail:[email protected] Eroski Group has a52% holding

Activities:Shopping and SportsCentres.

EROSMERBº San Agustín, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 211 211Fax: 34 946 211 222Participada al 78,07%

Activities:Retailing of consumerproducts in large stores.

Agricultural-food

AUZO-LAGUNUribarri Auzoa, 1320500 Mondragón(Gipuzkoa)Tel.: 34 943 794 611Fax: 34 943 794 366E-mail:[email protected]

Activities:Catering. Cooked dishes.Cleaning of buildings andpremises.Complete service for thehealth care sector.

COMISLAGUNPadre León, 9Alaquas- ValenciaTel.: 34 961 988 016Fax: 34 961 515 907E-mail:[email protected] has a 73.4%holding

Activities:Catering for groups.Complete service for healthcare sector.

JANGARRIAKatuarri, 20Ansoain- NavarraTel.: 34 948 140 192Fax: 34 948 131 892Auzo-Lagun has a 100%holding

Activities:Catering for groups.Complete service for healthcare sector.

BARRENETXEOkerra, 748270 Markina (Bizkaia)Tel.: 34 946 168 143Explot. Berriatua:Tel.: 34 946 139 157Explot. Etxeberria:Tel.: 34 946 166 173E-mail:[email protected]

Activities:Horticulture in greenhousesand the open air.

BEHI-ALDEOlaeta-Aramaiona(Alava)Apdo. 44 (Mondragón)Tel.: 34 945 450 100Granja: 34 945 450 100

Activities:Milk. Livestock for breedingand meat.

MIBACtra. Etxebarria, s/n48270 Markina(Vizcaya)Tel.: 34 946 167 884Fax: 34 946 167 886Olaeta-Aramaiona(Alava)Granja:34 945 450 259

Activities:Compound feeds. Smallagricultural machinery.Fertilisers and seeds.Phytosanitary products.Veterinary service.

MULTIFOODBº Uribarri, 13 A20500 Mondragón(Guipúzcoa)Tel.: 34 943 711 960Fax: 34 943 711 961

Activities:Ready-prepared food

UNEKELBarriada de Berrio, s/n48230 Elorrio (Bizkaia)Tel.: 34 946 167 884Fax: 34 946 167 886

Activities:Breeding of rabbits.

ResearchCentres

IDEKOArriaga kalea, 2Apdo. 8020870 Elgoibar(Gipuzkoa)Tel.: 34 943 748 000Fax: 34 943 743 804E-mail:[email protected]

Activities:Development of andinnovation in machine toolsand systems. Productdevelopment. Improvementof production processes.Technical support.Technology monitoring.

IKERLANJosé María Arizmendiarrieta, 2Apdo. 14620500 Mondragón(Gipuzkoa)Tel.: 34 943 771 200Fax: 34 943 796 944E-mail:[email protected]

Activities:Contracted R&D projects forthe development of newproducts or for theimprovement of productionprocesses.Mechatronics: electronicsand technical design andproduction systems.Energy: rational use ofenergy, renewable energy.

MODUTEK, S. COOP.Edificio, 105Parque Tecnológico48170 Zamudio(Bizkaia)Tel.: 946 420 9601Fax: 946 420 9602E-mail:Cikautxo has 6.6%holding, Maier a 26.7%holding, Batz a 16.7%holding and FundaciónMCC a 50% holding.

Activities:Automobile moduleengineering anddevelopment centre

MTCMAIER TECHNOLOGYCENTREPol. Ind. Arabieta48300 Gernika(Bizkaia)Tel.: 34 946 259 265Fax: 34 946 259 258E-mail:[email protected]

Activities:Research and developmentin automotive assembliesand components made withthermoplastics. Developmentof new technologies.

Education andTraining Centres

ARIZMENDILarrin Plaza, 120550 Aretxabaleta(Gipuzkoa)Tel.: 943 793 132Fax: 943 797 922E-mail:[email protected]

Activities:Education.

CIM (AHIZKE)Avenida de Alava, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 712 055Fax: 34 943 712 181E-mail: [email protected]

Activities:Language training.Translation and interpretingservice.

ETEOESCUELA UNIVERSITARIAESTUDIOS EMPRESARIALESLarraña, 3320560 Oñate(Gipuzkoa)Tel.: 34 943 781 311E-mail:[email protected]

Activities:Training in businessadministration.

GOIERRIGranja Auzoa, s/n.20240 Ordizia(Gipuzkoa)Tel.: 943 880 062Fax: 943 880 176E-mail:[email protected]

Activities:Education.


RESEARCH,

EDUCATION AND

TRAINING CENTRES

52

IRAKASLE ESKOLA20540 Eskoriatza(Gipuzkoa)Tel.: 34 943 714 157Fax: 34 943 714 032E-mail:[email protected]

Activities:University Teacher TrainingCollege.

LEA-ARTIBAIAvda. Jemein, 1948270 Markina(Bizkaia)Tel.: 34 946 167 552Fax: 34 946 166 674www.leartik.com

Activities:Technical education.

MONDRAGONESKOLAPOLITEKNIKOAC/Loramendi, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 794 700Fax: 34 943 791 536E-mail: [email protected]


MONDRAGONUNIBERTSITATEAC/Loramendi, 420500 Mondragón(Gipuzkoa)Tel.: 34 943 794 700Fax: 34 943 791 536E-mail: [email protected]

Activities:University education.

OTALORAPalacio OtaloraBarrio Aozaraza s/n20550 Aretxabaleta(Gipuzkoa)Tel.: 34 943 712 406Fax: 34 943 712 338E-mail:[email protected]

Activities:Co-operative and businesstraining.

TXORIERRIPOLITEKNIKA IKASTEGIAUntzaga Ibaia kalea, 148016 Derio (Bizkaia)Tel.: 34 944 544 000Fax: 34 944 544 003E-mail:[email protected]/txorierri


Support Bodies

ATEGIIturriotz, 27 - 2º20500 Mondragón(Gipuzkoa)Tel.: 34 943 711 930Fax: 34 943 773 101E-mail: [email protected]

Activities:Purchasing portal.

FUNDACION MCCArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632E-mail: fundació[email protected]

Activities:Promotion of the socialeconomy.

MCCINVERSIONESArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632

Activities:Company promotion.

MCC DESARROLLOPº José MaríaArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632www.mondragon.mcc.esParticipada al 23,75%por MCC Inversiones yCaja Laboral


MCC INNOVACIONPº José MaríaArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632www.mondragon.mcc.es

Activities:Funding of technologicalprojects.

MCC NAVARRAAvda. Carlos III, 36-1ºPamplona(Navarra)Tel.: 34 943 421 942Fax: 34 943 421 943MCC has a 25% holding


MCC SUSTRAIArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 77 93 00Fax: 34 943 79 66 32

Activities:Property management.

InternationalServices

MCC INDIA1110, Eleventh Floor,International TradeTowerNehru Place,New Delhi110019 - IndiaTel.: +9111 622 1964Fax: +9111 623 1612E-mail:[email protected]

Activities:Corporate office.

MCCINTERNACIONALArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 300Fax: 34 943 796 632E-mail: [email protected]

Activities:International businesspromotion.

MCC MEXICOHoracio 1213,Colonia Polanco,C.P. 11550 México D.F.MéxicoTel.: +52 55 5545 3930Fax: +52 55 5531 5172E-mail:[email protected]


MCCMONDRAGON-BRASILAlameda Santos 2.335,7º andar, Cj.71 CEP 01419-002Sao Paulo-SP-BrasilTel.: 55 11 3082 3336E-mail:[email protected]


MCC MOSCU-CEILeninsky Prospekt, 113/1Park Place, Office E-1001Moscow, Russia 117918Tel.: +70 95 156 5307Fax: +70 95 156 5307E-mail: [email protected]


MCC USA1775 PensylvaniaAvenue, N.W.10th Floor,Washington, D.C. 20006USATel.: +1 202 463 7887Fax: +1 202 861 4784E-mail:[email protected]


MONDRAGONBEIJINGRoom 926, GoldenLand Building32 Liang Ma QiaoRoad, ChaoyangDistrict,100016,Beijing, P.R.ChinaTel.: +8610 6464 3681Fax: +8610 6464 3680E-mail:[email protected]


MONDRAGONZAGROSArizmendiarrieta, 520500 Mondragón(Gipuzkoa)Tel.: 34 943 779 354Fax: 34 943 796 632E-mail: [email protected]

Activities:Commercial and Industrialservices.

SUPPORT BODIES

AND

INTERNATIONAL SERVICES

53

Mondragón, 28 May 2002

Documents

Annual Report 2001