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2021 | OriginalPaper | Chapter

15. The Automotive Equipment and Components Industry of Castilla y León in the World Automotive Market: The Lingotes Especiales Group

Authors : Pablo Alonso-Villa, Pedro Pablo Ortúñez-Goicolea

Published in: Companies and Entrepreneurs in the History of Spain

Publisher: Springer International Publishing

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Abstract

Castilla y León, together with Cataluña, is the main industrial centre of Spain in the automobile sector. The great impulse of this industry in Castilla y León came during the 1960s, when FASA-Renault began mass production. Over time, its automotive equipment and components industry became important and has now reached a significant position, both in the national and global markets. Outstanding companies such as Grupo Antolin, Gestamp or Lingotes Especiales that have become leaders in the European automobile market in their respective segments. This chapter studies the evolution of one of those companies, Lingotes Especiales. His study has revealed a clear example of business success in a sector where it is difficult to compete in costs with the highest quality standards.

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Footnotes
1
We are grateful for the help and information provided by the company and, in particular, its current CEO. A more extensive and detailed first version in Alonso and Ortúñez (2019).
 
2
It started by manufacturing vans under licence from Alfa Romeo in 1956 (ABC, August 18, 1962; El Norte de Castilla, February 3, 2015).
 
3
Lingotes Especiales Archive (hereinafter L.E.A.), public deed setting up the company.
 
4
L.E.A., board meeting minutes, 1969–2016.
 
5
L.E.A., board meeting minutes, 1969.
 
6
For the various parts the company has manufactured, see Alonso and Ortúñez (2020).
 
7
L.E.A., board meeting minutes, 1981.
 
8
The ratings obtained by L.E. in the quality controls were comparable to those obtained by other European suppliers (L.E.A., board meeting minutes, various years).
 
9
L.E.A., board meeting minutes, various years.
 
10
L.E.A., 1988 board meeting minutes and 1988 annual report.
 
11
L.E.A., annual reports, various years.
 
12
Currently only three companies with their headquarters in the region are listed on the stock exchange: Europac (Palencia), Nicolás Correa (Burgos), and L.E. (El País, January 10, 2018).
 
13
L.E.A., annual report, 1993.
 
14
Its main product in the automotive industry sector. Up until the creation of its machining subsidiary in 1997, it only made blank parts. From then, it started to machine the parts it cast.
 
15
L.E.A., annual reports, various years. FEAF, sector data, 1999.
 
16
L.E.A., annual reports, various years.
 
17
In 2016, this company obtained the patent for the light disc brake, which reduced the weight by 30% (L.E.A., annual report, 2016).
 
18
L.E.A., annual report, 2016 and 2017.
 
19
L.E.A., board meeting minutes, 2000.
 
20
From the late 1990s, vehicle manufacturers began to demand lighter parts and components in order to reduce the total weight of the vehicles and so cut fuel consumption. This is why L.E. sought to develop new products using aluminium.
 
21
L.E.A., board meeting minutes, June 2000.
 
22
L.E.A., board meeting minutes, various years.
 
23
L.E.A., annual report, 2009.
 
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Metadata
Title
The Automotive Equipment and Components Industry of Castilla y León in the World Automotive Market: The Lingotes Especiales Group
Authors
Pablo Alonso-Villa
Pedro Pablo Ortúñez-Goicolea
Copyright Year
2021
Book
Companies and Entrepreneurs in the History of Spain

Print ISBN: 978-3-030-61317-4

Electronic ISBN: 978-3-030-61318-1

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-61318-1_15

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