1999

With a total a 522,88 million euros being earmarked for investments, 1999 was a clear example of the MCC co–operatives´ commitment to supporting and promoting business development.

Caja Laboral´s resources under administration topped the mythical one billion peseta mark, with a year–on–year increase of 12%. MCC´s total turnover also exceeded this mark, with a sales volume of 6,273.92 million euros. Foreign sales also picked up later in the year despite the international market´s somewhat sluggish start.

One of the most important events of 1999 was the acquisition of the Polish electrical appliance manufacturing compangy Wrozamet by Fagor Electrodomésticos and MCC Inversiones (“MCC Investments”). A number of companies also opened plants outside Spain: Batz in Brazil, Cikautxo in the Czech Republic, Maier in Great Britain and Irizar in Mexico. Euskalit, the Basque Quality Foundation, awarded Irizar the Gold Q, and Copreci and Fagor Electrónica Silver Qs.

The Eroski Group since the signing of a collaboration agreement with the Food Bank Foundation three years earlier, the Group has donated approximately 300,000 kilos of products to this organisation.