Spain’s Himoinsa records 15% growth in 2015

Power generation firm says 10% of sales came from Middle East

PHOTO: Himoinsa’s stand at the Middle East Electricity exhibition last year, where it exhibited in conjunction with its UAE dealer FAMCO. Credit: Supplied

The Spanish power generation firm Himoinsa has reported a 15% growth in turnover for 2015.

Sales in Europe, one of the company’s main markets, accounted for 37% of the total turnover, followed by America with 26%, and the Asia-Pacific region with 17%. Africa and the Middle East each accounted for 10% of sales.

Himoinsa plans to build on its figures and markets in 2016, through its network of production centres and sales offices, and distribution and service network in over 130 countries, it said in a statement.

The company is currently developing new power generation systems and is designing new diesel and gas generators, as well as lighting towers, which will launch to the market throughout this year. Some of these products will appear at major international trade fairs, such as Bauma in Germany, and Middle East Electricity in Dubai.

In addition to the growth in turnover, the company reported an increase in staff numbers in 2015. According to the Himoinsa’s executive director, Lydia Gracia, the company has seen its employee count grow by over 11% over the last four years.

The diesel genset manufacturer also recently signed an agreement with the Technical University of Cartagena (UPCT) to take on 20 industrial engineering students over the next five years, who will work in Himoinsa’s production centres in Spain, China, India, the US, France, Brazil and Argentina.

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