Ambitious MTG is to spend €13.5 million on enlarging its plant in Monzón, Huesca, Spain - creating approximately 80 new jobs in the next two years.
The foundry, one of the most modern in Europe, is equipped with state-of-art technology for the production of wear parts for mining and construction earth moving machinery, with a current yearly production of 5,000tonnes. The multi-million euro investment, between 2014 and 2016, will go to new infrastructures and machinery to increase the site’s production capacity up to 14,000tonnes/year. The new jobs created by the expansion will be add to Monzón’s current 86-strong worker crew.
Inaugurated in 2012, the Monzón plant specialises in the production of large wear parts, something said to be very special in the wear parts market given the huge investment in technology necessary to produce such parts. Of the company’s sales, 98% are exports to countries such as Sweden, Indonesia, Australia or Canada. The Monzón expansion is also said to be an important element within MTG’s long-term strategic plan.
