Gestamp

Gestamp Automoción, S.A. simply known as Gestamp is a Spanish multinational automotive engineering company. It is one of leading firms in the European automotive industry.

Gestamp Automoción, S.A.

Operational headquarters in Zamudio, Spain
Company type	Sociedad Anónima
Traded as	BMAD: GEST
ISIN	ES0105223004
Industry	Automotive
Founded	1997
Headquarters	Madrid, Spain
Key people	Francisco José Riberas (chairman and CEO)
Products	Structural chassis assemblies (crossmembers), hinges
Services	Laser beam welding, hot stamping, cold stamping, HSS stamping, roll forming, hydroforming
Revenue	€9.602 billion (2019)[1]
Operating income	€503.963 million (2019)[1]
Net income	€295.512 million (2019)[1]
Total assets	€8.847 billion (2019)[1]
Number of employees	43,938 (2019)[1]
Website	www.gestamp.com

History

Corporación Gestamp, Spain's largest automotive supplier steel company was founded in 1997, as a spin-off of Gonvarri, created in 1958; it is wholly owned by the Riberas family.^{[citation needed]}

When Gestamp Automoción was formed, it exclusively supplied SEAT. It had begun from Gonvauto in 1991.

On 29 April 2011 Gestamp Automoción bought ThyssenKrupp Metal Forming (TKMF), formerly owned by ThyssenKrupp, the large German international company.^[2] The ThyssenKrupp division employed around 5,700 people.^[3]

Structure

It is based in Madrid in the Alfonso XII street just in front of the Retiro´s park.

It has over 100 production plants in 21 countries -

• 45 in western Europe
• 17 in eastern Europe
• 13 in North America
• 13 in South America
• 17 in Asia

It has 13 R&D centres.

Products

• Structural components of automobiles (crossmembers)

View of the operational headquarters in Zamudio

See also

• Automotive industry in Spain