MP grows in 2007 closing the year with an 18.4% increase in turnover to 190 million.
The company compound average growth rate in the last 10 years is 20.4 %. Our traditional business is well established.

As a technology based Industrial Group, and based on the current Strategic Plan, it is possible to continue growing at more than 15% for the next few years. A turnover of around 500 million euros is forecasted for 5 years from now (2013).

MP has a clear mission to grow with the objective of becoming a driving enterprise with decision centre and head of fice in Andalusia and a turnover of more than 1000 million euros.

In order to meet these objectives MP is not discarding the possibility of entering into financial and/or technological alliances.

MP actively continues its R&D&I policies tackling sector projects by Divisions and from the Corporation, of fering multi-sector solutions.

MP continues targeting R&D with more than 2% of the budget

MP allocated resources of 4.2 million euros to R&D in 2007, 2.2% of turnover, maintaining the 2006 ratios. The forecast for 2008 is for the same percentage.

The development of projects in consor tiums with other companies has begun, with works of tremendous scope and budget being laid out.


 



The policy is part of the tremendous energy of our autonomous community promoted by formulas like the CTA (Andalusian Technology Corporation), the Agencia IDEA (Agency for Innovation and Development in Andalusia), and the Technology Fund applied to our region.





INTERNATIONALIZATION


In its traditional business like lift manufacturing the rate of expor t is now greater than 70% of turnover. MP aspires to internationalize its other business areas. Today 40% of expor ts are made by the divisions. On the other hand, public sector sales don’t exceed 5%.

MP has more than 2,000 employees in MP Corporation, including the Foundation and the Special Employment Centre. There are 1887 in the Corporation Industrial and there will be 2050 by December 2008.

 

DETAIL BY DIVISION

The ELEVATION division continues with its Ver tical Integration Plan for the Installation and Maintenance business. It grew 19.5%.

Export sales contribution in the industrial area is 70.6 % in white brand (and 56.8% including the MP brand). In three years the Installation and Maintenance operations represent 35% of total turnover and is 35% internationalized.

The rest of the MP Industrial Corporation activities that are grouped by divisions continue increasing their integration and concentration, such as Multidisciplinar y Engineering which of fers technology solutions for other sectors.

  • Construction and Infrastructure
    • Sporting
    • Industrial
    • Special Buildings
    • Water purification
    • Make-up water
  • Auxiliar Industry
    • Transmissions and manufacture of reduction gears and components
    • Aeronautical and railroad engineering
  • ICT
In 2007 it grew 16.3%. Since 2004 it has maintained a contribution of 35% of the total.

Eugenio Barroso García de Leyaristy
General Manager