LETTER FROM THE PRESIDENT

 

Dear friends,

The Normetal Group is a pioneering company in Engineering and Prefabricated Modular Construction, with 38 years in Spain and 26 years in Portugal, a market leader on the Iberian Peninsula.

It has more than 150 specialized professionals, a 10,000 m2 plant in Oporto, and production centres in Lisbon, Luanda (Angola), and Bogota (Colombia). With two headquarters in Spain and Portugal, and consolidated subsidiaries in Angola, Mozambique, Colombia, and Peru.

With completed projects in 38 countries on three continents where it operates, Normetal has reinforced its commitment in recent years to obtain projects in different geographical areas, resulting from its ongoing strategy of market internationalisation and consolidation.

Above all, because the Normetal Group has taken a qualitative leap in production in recent years with the incorporation of new workers and an improvement in the efficiency of industrial units, the fruit of a clear commitment to the development of new technical solutions.

The statistics of international growth, significant investment in new modules for the rental business, and the considerable investment in working capital to finance our growth would not be possible without the recognition of our business partners and customers, and without the support of our suppliers and banks.

I would also like to acclaim the attitude and commitment of our workers, veterans and newcomers, Europeans, Africans, and Latin-Americans. I would like to highlight, in particular, those leaving their homes, whose mission is to install and operate our modular buildings and remote base camps anywhere in the world, even in very adverse situations.

I am confident that the coming years will confirm and improve the recent growth tendency, that will translate into a great success for the whole Normetal Group family.

Sincerely

Ramón Vecino

President & CEO

  • Graduated in Economic Sciences and Business Administration from the University of Deusto in Bilbao-Spain, he was and is presently an entrepreneur and manager at the highest level of large companies, in sectors ranging from raw materials to the engineering and construction of large turnkey projects in industry and energy. He also has significant experience in the financial world where he presided over a recognised international firm of M&A.

 

  • From 2014 to the present, he has been a shareholder of reference and Executive Chairman of the Normetal Group (engineering company dedicated to the prefabricated modular construction), leading the corporate development and international expansion of this company that has its focus in Latin America, Africa, and Arabian countries.

 

  • He was a shareholder, and Chairman to 2010 of the company Lincoln International Spain S.L., a bank of middle-market business focused on international transactions. Previously, he was Vice President and CEO of TICSA, an engineering and industrial installations company; and before that he was Executive Chairman of the Group Babcock España, an industrial group belonging to the public entity SEPI. He was also President of INIEXPORT, the international arm for a group of equipment companies of SEPI.

 

  • He was and is now an advisor to numerous companies and a member of the Committee or Board of Trustees of, amongst others, the Guggenheim Museum in Bilbao, the COTEC Foundation, the Foundation Company and ADEMI Society (Spanish Association of Industrial Installations), and of the Group of Entrepreneurs of the Basque Country.

 

  • He was Regional President between 1986 and 1989, and later National Vice President of the British Chamber of Commerce in Spain.

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