The IRIZAR GROUP, based in Ormaiztegi (Guipúzcoa), has ended the last year of the twentieth century with a new growth of 40%, and has achieved an overall turnover of 38,100 Million pesetas, 229 M. € (27,200 M. Ptas., 163 M. €).

The most important increases have come about as a result of the first year of activity in IRIZAR MÉXICO, with a figure of over 4,000 Million pesetas, and in IRIZAR BRAZIL, a recuperating country, which has doubled its figure and now has a turnover of over 2,000 M. Ptas.

The foreign markets catered for by IRIZAR ORMAIZTEGI have grown 36% with 14,700 M. Ptas., the largest increases being in Israel (until October), Hong Kong, Holland and Poland.

As regards the Spanish market, which suffered a cutback of 21% in its registrations in the last year (2000), IRIZAR has reached 86% of the turnover achieved in the previous financial year, and has therefore strengthened its position in this traditional market.