# Danobatgroup invests €35M in facility expansion and modernization in Basque Country

Danobatgroup is investing €35 million to expand and modernize facilities of Danobat, Soraluce, and Goimek cooperatives in Gipuzkoa, Spain. The investment, running from H2 2022 to mid-2024, includes €12M for Danobat, €15M for Soraluce, and €7M for Goimek, focusing on new machinery and sustainable infrastructure.

- Type: Investment
- Announced: 2023-03-23
- Where: Gipuzkoa, Basque Country, Spain
- Value: $38.0M (35.0M EUR)
- Starts operating: Q3 2024
- Status: under construction
- Products: machine tools, advanced manufacturing equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [DANOBATGROUP](https://endata.com/companies/16456.md)

## Sources

- [danobatgroup.com](https://www.danobatgroup.com/en/press-releases/danobatgroup-invests-35-million-euros-to-meet-the-challenges-of-advanced-manufacturing), 2023-03-23: "Investing in new infrastructures and machinery is not only necessary to be able to continue growing -both quantitatively and qualitatively- as a group, but also to be able to contribute to generating a richer and more technologically advanced socio-economic environment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.