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King Felipe presides over commemorations of 50th anniversary of Velatia Industrial Group

His Majesty King Felipe of Spain was on hand to preside over the fiftieth-anniversary celebrations of the Velatia Industrial Group, which works across the communication, security, transport and electrical sectors.

The King was greeted at the Velatia Industrial Group headquarters in Amorebieta by Basque government leader Íñigo Urkullu. His Majesty first met with three generations of the Ormazábal family, who founded the Velatia Industrial Group, before being treated to a tour of the facilities. The tour included the Centre for Research and Technology, where testing of high tension, mechanics and thermal cycles is carried out, and the High Power Laboratory where he saw the 1 millionth cell made in Vizcaya by Velatia.

Moving outside, King Felipe saw the Demonstration and Experimentation Unit and the large zone housing models of transformation centres. After the tour, he King unveiled a plaque commemorating the royal visit during a short presentation that included a speech from Velatia Industrial Group president Javier Ormazábal.

In addition to Velatia president Ormazábal, His Majesty was joined at the anniversary celebration by Velatia Vice President Alejandro Ormazábal, President of the Basque Parliament Bakartxo Tejerina and Minister of Economic Development and Infrastructures of the Basque Government Arantxa Tapia among others.

Founded in 1967 as the Ormazábal Group, the present-day Velatia Industrial Group has a workforce of 3,000 professionals working across the Ormazábal, Stratenergy, Polsa, Tecnichapa, Unibloc, Homm, Ikusi, Smarmec, Gosa, Knock and Wec businesses. The Group has factories in Spain, China, Brazil, Germany, Mexico, France and Poland and exports to more than 50 countries around the world.

Known for innovation, Velatia has a team of 180 people focused exclusively on research and development and spends 3.5% of its annual turnover on this sector. They launched the Ormazábal Research and Technology Centre in 2008 and have tasked the division with identifying, acquiring and disseminating strategic technologies for development across the Group. With the most modern High Power Laboratory in the world, the centre is truly one of a kind.

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