That plan sees the company as a partner to automotive suppliers in which it contributes, in addition to the design and production of parts, extra value by reducing the weight of components, CO2 emissions generated and cost, thanks to its geographical diversification and its industrial and technological scalable capabilities.
In its previous business plan (2017-2022), the components produced by Gestamp per vehicle manufactured globally increased by over 30%.
Francisco J. Riberas, executive chairman of Gestamp, said: “We are ready to take the challenge which means sustainable mobility for future generations. Our short-term objective is to support our clients in the transition towards a more sustainable mobility. Furthermore, that is why we acquired a stake in Gescrap, which contributes to the long-term global goal of net-zero car. Our key strengths will allow us to leverage on the mobility electrification and become the Partner Supplier to our customers, as well as to increase our value proposition to investors, suppliers, and our employees”.
Overall vehicle market growth, electric vehicle penetration, the increase of outsourcing and gaining market share due to strategic positioning, are the key levers on which Gestamp leverages its future growth forecasts. It’s expected that the electric vehicle production market will fourfold in size over the next four years. Gestamp expects that by 2027, more than 50% of its revenues will come from this business cluster. Moreover, the specialisation required by customers in the design and manufacturing of electric vehicles represents an opportunity to increase its market share. Likewise, the Strategic Plan foresees Gestamp's trend of geographical diversification to be very close to its customers.
Gestamp has emphasized its character as a technological partner in processes, technologies and products. The company currently has the capabilities to offer a product portfolio that will be key in future vehicles’ new architecture, combining weight efficiency, passenger safety and cost competitiveness. To this end, it has a series of differential levers, including a R&D team based in 13 R&D facilities around the world, specialized in the product development that will become benchmark solutions in the mobility revolution.
According to the International Energy Association (IEA), mobility is responsible for 8% of annual CO2 emissions. Therefore, the industry faces the challenge of addressing the future in a sustainable and responsible way. To address this trend, it is estimated that 41% of the vehicles produced in 2027 will be electric, reaching a volume of 38 million electric vehicles by that date.
Gestamp is a multinational specialized in the design, development and manufacture of highly engineered metal components for the main vehicle manufacturers. It develops products with an innovative design to produce lighter and safer vehicles, which offer lower energy consumption and a lower environmental impact. Its products cover the areas of BiW (body in white), chassis and mechanisms.
The company is present in 24 countries with more than 115 production plants (5 under construction), 13 R&D centres and a workforce of nearly 43,000 employees worldwide. Its turnover in 2022 was €10,726 million. Gestamp is listed on the Spanish stock exchange.
