HEROSLAM CELEBRATES THEIR 75 YEAR ANNIVERSARY WITH AN INVESTMENT PLAN OF 5 MILLION €

HEROSLAM, is celebrating their 75 years anniversary since the foundation as Herramientas de Precision (HP) in Bilbao (Basque Country, Spain), in 1942.

The 75th anniversary will help the company reinforce its position as an international leader in the manufacturing of high performance and long life thread rolling tools through an ambitious investment plan estimated in 5 Million Euros in new state-of-the-art manufacturing equipment as well as in R&D and international expansion activities.

HEROSLAM, founded in 1942 with the name Herrramientas de Precision (HP) started manufacturing cutting tools. In 1970, the first thread rolling tools were produced and in 1972 the company became the first 100% employee owned company in Spain. In 1983, the company concentrated exclusively in producing thread rolling tools and in 1985 the company started its international expansion with the first sales to France and Germany. In 2003, due to the increasing demand, the company moved to a new production plant with more than 3.000 sqm. Today HEROSLAM tools are used by customers in more than 35 different countries and it is internationally recognized as a leading manufacturer of thread rolling tools for the automotive and aerospace fastener industries.

HEROSLAM is one of the few manufacturers of the complete range of thread rolling tools, including flat, cylindrical and planetary dies. Thanks to an intense work on R&D activities, today HEROSLAM is an international reference within the automotive and aerospace fastener industries in terms of profile design, tool material and self-developed coatings, that make HEROSLAM a preferred partner for customers demanding high performance thread rolling solutions.

HEROSLAM is currently carrying out a deep expansion and plant modernisation process and faces the future with optimism, given the international recognition that Heroslam’s long life thread rolling tools have. Thus, the company has designed an ambitious plan for the next four years, with the target of increasing all business aspects such as turnover, number of employees, international presence, and industrial, technological and R&D capacity.

Besides the acquisition of new state-of-the-art production equipment that will allow the company to increase production capacity and shorten delivery terms, Heroslam is also carrying out a deep revision, update and improvement plan of the company’s production process with the help of a prestigious engineering firm.

Furthermore, HEROSLAM will invest 3% of its total yearly turnover in R&D activities in the fields of new materials and coatings with the aim of continuing to be a reference in thread rolling solutions for the automotive and aerospace fastener industries. On this regard, HEROSLAM has entered into different partnership programs with the main technology centres in the Basque Country.

Finally, HEROSLAM will invest 7% of its total yearly turnover towards reinforcing and increasing its current international presence through new collaboration agreements with key players in high potential international markets and with an increasing presence in international trade shows within the fastener industry. As a matter of fact, this year, HEROSLAM will be present at Fastener Fair Stuttgart, Fastener Fair India (Mumbai), Fastener Fair Mexico, Fastener Expo Shanghai, EMO (Hannover), NIMFSE (Las Vegas), and Fastener Poland (Cracow).