Fastener manufacturer Nedschroef broke ground on a second automotive fastener factory in Tarragona, Spain, to leverage regional strengths.

The new facility is part of Nedschroef’s three-year action plan to optimize production capacity and operational efficiency.

Netherlands-based Nedschroef has steadily expanded its technological capabilities since acquiring high-precision components manufacturer CP Tech in 2017. This partnership has fueled advancements in high-precision and specialized components designed for unique applications such as hypercar chassis frameworks and landing gear for low-altitude manned aircraft.

Integrating CP Tech’s expertise positions Nedschroef in advanced markets, including aerospace and special-purpose vehicles.

Parent company subsidiary Shanghai Zhenhua Bearings will supply high-performance needle bearings, significantly reducing production costs and enhancing efficiency.

“CP Tech, located in the heart of Europe, is uniquely positioned to amplify collaboration across Shanghai Electric’s business segments,” stated Shanghai Electric Chairman Wu Lei. “This synergy fosters mutual growth while addressing global market and technological shifts.”

Founded in 1894, Nedschroef manufactures fasteners, cold-heading machinery and tooling for the automotive and aerospace sectors. Shanghai Electric acquired the company in 2014. Web: nedschroef.com