The Business Year

Pierre Nicola Fovini

CEO, Finanzauto

Juan Iturralde

General Manager, Atlas Copco

How has the company evolved? Pierre Nicola Fovini Finanzauto is one of the longest-standing companies in Spain, having started out as a finance company in the automotive sector and later […]

How has the company evolved?

Pierre Nicola Fovini Finanzauto is one of the longest-standing companies in Spain, having started out as a finance company in the automotive sector and later gradually evolved as distributor of industrial goods. In 1963, the Caterpillar distribution service was created, thus bringing about a major change—company activities were no longer limited to the automotive sector and Finanzauto fully entered the industrial sector. In 1990, it acquired STET in Portugal, the Caterpillar distributor, and in 1992, Finanzauto was in turn acquired by a South African company. Our company had begun to consider a foothold in the Iberian Peninsula market in 2017, and this occurred in 2018 when the Tesya Group finally concluded the purchase of Finanzauto in Spain and STET in Portugal. Our decision to break into the Spanish market was strategic, with the intention of constructing a strong European group. We are doing well so far.

Juan Iturralde The overall goal of the company, not just in Spain, is to have sustainable and profitable growth, for us and for our partners, namely our employees, suppliers, customers, and society itself. Therefore, our employees sign the Business Code of Practice. This means that the products and services we develop must evolve to be efficient and save energy, workers must wear the necessary protective equipment; and we must be environmentally aware, such as reducing our carbon footprint, water use, and ensuring no material is wasted. The aim is sustainable growth over time. We intend to grow steadily and remain leaders for our partners.

Where are the majority of your clients?

PNF We act as system integrator. In the industrial sector, we work with earthmoving machines, which are used in a multitude of industrial applications. We also work in a large variety of sectors, because our machines are used in ports, for industrial material-handling applications, forestry applications, landfills, and much more. This requires in-depth knowledge of multiple market segments. In addition, we are also working on land-based power generation and propulsion. We are a leading company in cogeneration, albeit currently at a standstill in Spain, but we believe with a bright future in alignment with the European No Emissions Plan 2030. We are also leaders in locomotive propulsion equipment, in backup systems for data centre security, and in the marine propulsion sector, where we support Spanish industry in an enormously powerful way. We are a leader when it comes to supporting the country’s development. Last but not least, we are also a system integrator for the mining industry.

Atlas Copco’s goal is sustainability. What is the company’s strategy in this area?

JI The UN proposes a series of objectives to achieve sustainability, one of which is to reduce the carbon footprint. Our machines are contributing not only to reducing the carbon footprint of our production process, but also in the process of our customers. Another process is the use of materials for printing. In the past, force was applied from the outside in or by drilling until the desired shape was found. Now, producers just have to think about what they want and print it. This is a sustainable method.

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