Ormazabal to open a €10 million grid‑technology plant in Krefeld by 2027, expanding Velatia’s footprint in Central and Eastern Europe
Executive summary: Ormazabal announced plans to open a new industrial site in Krefeld, Germany by 2027 with a €10 million investment, retaining its current workforce of about 100 employees. The investment underscores ongoing commitment to European grid‑modernization and expands Velatia’s manufacturing capacity in Central and Eastern Europe, potentially boosting regional employment and supply‑chain resilience. Ormazabal (Velatia group), local authorities in Krefeld, and the existing workforce of approximately 100 employees. Permitting and groundwork are expected to commence later in 2026, construction will run through 2027, followed by hiring ramp‑up and start of production.
Ormazabal, a Vizcayan firm that provides technological solutions for the electrical grid and part of the Velatia group, announced plans to construct a new industrial facility in Krefeld, Germany, slated for completion in 2027. The project entails a €10 million investment and will retain the existing workforce of roughly 100 employees, signalling continued confidence in European grid‑infrastructure development. The move fits within a broader trend of industrial firms expanding or reconfiguring their manufacturing bases in response to shifting energy‑transition demands.
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