ITALY/SPAIN: PIRELLI'S STRATEGY

Article Abstract:

Italian tyres and cables producer Pirelli is focusing its business strategy in the use of new technologies and innovation. Relations with clients are expected to take place on line in 40% of cases, and nearly US$ 940mn are projected to be invested in Internet projects. A flexible kind of tyres production factory should be presented in July 2000. The concept is a small plant of 300 m2 named MIRS (Modular Integrated Robotised System), which is managed on line and enters into profitability with a production of 1mn units. Quality improves and total costs reduce 25%. The plant can be placed nearby client's factory, and managed jointly with him. MIRS units (expectedly five) are planned to be installed in US, South America, Asia, and Europe in a first stage. Not in Spain, where Pta 1,600mn are expected to be used to increase capacity of the Manresa factory. In Spain, Pirelli registered in 1999 Pta 328mn profits and Pta 38,344mn sales (+6.2% on 1998). Profits could amount to Pta 500mn in 2000.

Italy, Manufacturing processes, Telephone Cable, Other Communication and Energy Wire Manufacturing, Nonferrous wiredrawing & insulating, Tires and inner tubes, Tires, Tire Manufacturing (except Retreading), Nonferrous Wire Drawing, Nonferrous wire, Wire drawing, Pirelli

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SPAIN: GRUPO ORMAZABAL RESISTS VS COMPETITORS

Article Abstract:

Spanish medium tension electricity transforming centres developer Grupo Ormazabal registers Pta 23,645mn yearly turnover and aims to maintain an independent role although competing with rivals as Siemens and Alstom that respectively registered Pta 61,749mn and Pta 65,000mn sales in Spain (1999). The company is owned by the Ormazabal family and leads its sector in the country. It is present with subsidiaries in France and Argentina, and projects to open another three in Brazil, Portugal, and Turkey. Indirectly through distributors and partners it operates in 32 countries.

Motor and Generator Manufacturing, Power, Distribution, and Specialty Transformer Manufacturing, Motors and generators, Transformers, except electronic, Transformers, Electric Power Generating Equip, Electric power plants

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SPAIN: RESULTS AND PLANS OF CAFES EL DROMEDARIO

Article Abstract:

Spanish coffee producer based in Cantabria (Spain), Cafes El Dromedario, produced 1,300 Tm (valued at Pta 1,300mn both in 1999 and 1998), and it expects to increase sales 3-4% in 2000. Nearly 60% of its turnover is registered in bars and restaurants in the areas of Cantabria, Cadiz, and Castilla y Leon. Although fulfilling a conservative strategy, the company expects to enter in other regions of Spain.

Sales, profits & dividends, Roasted coffee, Processed Coffee, Coffee and Tea Manufacturing, Coffee (Beverage)

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