We invest €20 million in our Igorre plant to expand our industrial capacity

• We are launching a new SF6-free switchgear manufacturing line at our Igorre (Bizkaia) production center, the company’s largest facility.
• We reaffirm our commitment to industrialization, job creation, and regional economic development.

At Ormazabal, a manufacturer of technological solutions for the electrical grid, we continue to drive society’s energy transition through investment in technology and innovation. Between 2024 and 2026, we will invest €20 million in our Igorre plant (Bizkaia), the largest production facility of the company, with the objective of expanding our manufacturing capacity, improving operational efficiency, and incorporating new Industry 4.0 technologies to advance the energy, digital, and sustainable transitions.

This investment will enable the deployment of a new SF6-free switchgear manufacturing line — an innovative, sustainable equipment solution that has been very well received by the market since its introduction in 2024. We are now expanding its production capabilities to meet growing industry demand. The goal of this industrial initiative is to position our Igorre facility at the forefront of the production of our new cgm.zero24 product family, ensuring the supply of SF6-free technologies for both domestic and international markets.

According to Jorge González, CEO of Ormazabal, the energy transition “represents a tremendous opportunity for the country’s reindustrialization, for the creation of local value through a competitive and digitalized industry, and for the generation of high-quality jobs with top-level STEM profiles — an opportunity we must seize as a society.”

Currently, the Igorre plant employs a team of 600 professionals, and we anticipate continued growth as a result of this strategic investment in R&D and new production lines. In this way, we foster wealth creation and strengthen our regional roots, maintaining our headquarters here for nearly six decades, while reaffirming our commitment to industrial activity aimed at transforming and enhancing the sustainability of the electrical grid.

Commitment to Technology and Sustainability

Technology and innovation, sustainability, and the promotion of key industry trends such as energy transition, digitalization, and cybersecurity form the strategic pillars of Ormazabal.

We are firmly committed to R&D+i (Research, Development, and Innovation) to boost competitiveness, optimize processes, manage facilities and assets more effectively, reduce operating and maintenance costs, minimize environmental impact, and develop new products and services. Specifically, in 2024, we invested nearly €26 million in R&D+i, supported by a team of 115 dedicated researchers.

In the words of the CEO of Ormazabal: “Our commitment to technology and industrial development is aimed at enabling the energy transition. All of our solutions are designed to support a greener energy mix with a higher share of renewable sources, and to foster the electrification of processes that are still reliant on fossil fuels, such as transportation.”

About Ormazabal

Ormazabal is a specialist company providing customized, high-tech electrical solutions, with over 55 years of experience. Our solutions focus on digitalizing the electrical grid to integrate more renewable energy generation, enable more sustainable mobility, and ensure reliable power supply for critical infrastructure and energy-demanding buildings, thus contributing to the planet’s decarbonization.

Our ongoing commitment to technological and industrial innovation has enabled us to position our proprietary technology on a global scale, with equipment installed in more than 150 countries.

Currently, Ormazabal operates 16 manufacturing facilities worldwide and maintains a presence in over 50 countries through subsidiaries and distributors. Our workforce exceeds 2,700 highly qualified professionals, and we achieve annual revenues of over €800 million.