WOLCO GROUP REARMS ITS PRODUCTION PARK

The companies Alfe Cutting and Wolco, included in the Wolco Group, will roll out investment plans during this financial year to expand and reinforce their productive capacities in response to the growth they have been experiencing in recent years.

In the case of Alfe, the company has the support of the 3i program of the Bizkaia Provincial Council to carry out this financial year a disbursement of 2 million euros for the acquisition of state-of-the-art machining, grinding and tempering machinery. As explained by the CEO of the group, David Bernar, this project seeks to improve productivity and, therefore, expand the portfolio of clients and markets with the aim of doubling the turnover of the manufacturer of industrial blades in the next three years.

Abroad, more specifically, in Mexico, in addition to the sharpening service for slitter blades that they offer in Querétaro, Alfe's plans include opening a branch in the north of Monterrey. In this way, they will respond to their clients in the Aztec country, who demand a close service, in addition to meeting the challenge of doubling orders within a year.

All the initiatives described will support the sustained growth that Alfe Cutting has been experiencing since it resumed its activity in 2015 after being acquired by Wolco Group as a manufacturer of industrial blades. A resurgence that, as expected, will culminate this year with a record sales turnover.

Mexico, in full growth

The Wolco company, for its part, will double the productive capacity of its plant in Mexico this year, after landing in the country in 2019 with a 600 m2 factory, which two years later changed with its transfer to its current facilities in Querétaro, of 1,200. m2 of surface.

As Bernar advances, the evolution of the business in Mexico will have an annual growth of more than 40 percent in 2023 and 50 percent in 2024, increases that will go hand in hand with multinationals in the automotive sector and ITP, which it is also growing at an annual rate of 40 percent. And it is that Wolco signed a contract with the aeronautical engine manufacturer in 2019 for the supply of special cutting tools and sharpening services for its plants in Zamudio and Querétaro for a period of ten years.

In order to serve its client portfolio on the other side of the Atlantic, its project contemplates putting 50 percent of this new manufacturing capacity into operation during the first half of the year, to proceed with the expansion of the other 50 percent in the second part of the year. anus.

Wolco Group brings together the companies Wolco, Alfe Cutting, Cisidel and Carbid Tool to offer cutting solutions to its customers in all industrial fields such as steel, automotive, aeronautics, recycling or wood, among others.

Source: Empresa XXI.