Pamesa overcomes the crisis

With a consolidated turnover of 233 million euro (22.3% up on 2010), net profits of 8 million euro (+18%) and a 28% increase in productivity since 2007 (around 10% up on 2010), Pamesa Group appears to have left the crisis behind it. This is due to a series of strategic decisions that were taken in 2009 when the company suffered severe losses and which have proved highly successful, including a focus on productivity, cost control, outsourcing and production efficiency.

This has also brought benefits in terms of employment. While the Castellon province lost 3,821 jobs in the year to June 2012, the company took on 69 new workers in 2011 to reach a total of 787.

Commenting on these outstanding results, the group's chairman Fernando Roig added: "Another major growth driver in recent years has been the strong penetration of foreign markets, with exports accounting for 64% of total turnover in 2011."

The estimates for 2012 are also excellent, as the group expects to double its net profits and achieve 12% growth in consolidated turnover to 263 million euro.