AR Racking reinforces its Tudela plant with an investment of 20 million euros and the participation of INI in its share capital
With a contribution of 8 million euros from INI, AR Racking will expand its plant in Tudela and create 35 new direct jobs.
AR Racking, a leading company in industrial storage systems, announces a significant investment plan of 20 million euros to boost its production plant in Tudela, Navarra. This project, which has the backing of the Instituto Navarro de Inversiones (INI) through a capital injection of 8 million euros, will create 35 new direct jobs and will strengthen the company’s production and innovation capacity in the region.
As one of Europe’s leading manufacturers of industrial storage solutions, AR Racking designs, manufactures and distributes load storage structures in more than 60 countries, exporting 85% of its production. This expansion seeks to strengthen its presence in high potential markets, such as the United States and Latin America, which represent a key part of its international growth strategy.
In the photo, from left to right: José Manuel Lucio, General Manager of AR Racking; Carmelo Bilbao, Vice-president of Arania Group; Francisco Fernández, Managing Director of INI; Eric Arana, President of Arania Group; Asier Aguilera, Managing Director of INI).
The collaboration between AR Racking and INI not only represents an opportunity for job creation in Navarra, but will also contribute to the promotion of R&D&I in the local business network. As part of this agreement, AR Racking has committed to create an R&D&I unit integrated in the Navarra R&D&I System (SINAI), with the aim of fostering the development of new technologies and promoting synergies with local research centres.
Furthermore, the Arania Group [Arania Corporación Industrial], to which AR Racking belongs, has ratified its commitment to the development of the plant in Tudela, constantly evaluating opportunities for future investments to strengthen its presence in Navarre and support the industrial growth of the region.
With this participation, INI seeks to promote sustainable economic growth in Navarra, strengthening the regional industrial fabric by supporting high-impact projects. The investment in AR Racking represents the first capital operation carried out by INI and symbolises its commitment to strengthen leading and consolidated companies in strategic sectors.
AR Racking is proud to have this institutional backing that not only guarantees the growth of the company, but also its commitment to the environment and the community of Navarre, generating quality employment and promoting an innovation ecosystem for the benefit of the entire region.