Gestamp has announced its 2023-2027 Strategic Plan, focusing on sustainable mobility through partnerships, electric vehicle production, and circular economy initiatives, backed by a commitment to innovation and operational excellence.

Target Company Overview

Gestamp is a leading multinational corporation specializing in the design, development, and manufacturing of highly engineered metal components tailored for the automotive industry. The company held its second Capital Markets Day today, where it unveiled its 2023-2027 Strategic Plan aimed at spearheading the shift towards sustainable mobility alongside major Original Equipment Manufacturers (OEMs). The Strategic Plan emphasizes Gestamp's commitment to capitalize on the emerging opportunities from the transformation within the mobility sector and reinforces its position as a global leader.

Between 2017 and 2022, Gestamp achieved significant growth, with production of vehicle components increasing by over 30%. The current plan aims to bolster this growth trajectory by enhancing customer partnerships, minimizing component weight, reducing CO2 emissions, and cutting costs through geographical diversification and scalable industrial capabilities. Executive Chairman Francisco J. Riberas expressed the company's readiness to face the challenges of sustainable mobility, asserting that Gestamp's innovations will position it as a key partner in the transition to electrification and sustainability.

Industry Overview in Spain

The automotive industry in Spain is a pivotal sector, contributing significantly to the national economy and employment. It is characterized by a robust manufacturing base, a growing electric vehicle (EV) market, and a strong emphasis on sustainability and innovation.