Company
Half a century radiating commitment
This year marks the 50th anniversary of the creation of Eika. The cooperative was formed half a century ago to create jobs in the area, especially for women. At a time when the Lea-Artibal area was suffering a recession, with an economy based on fishing and agriculture. In addition, the area was experiencing gradual depopulation.
Just as it did at the outset, Eika is still looking to the future, generating wealth and sustainable jobs for current and future generations and, accordingly, making an important contribution to the socio-economic framework of the area, based on the cooperative values that form part of its DNA and through cooperation and in the Basque language.
It has been committed to the community now for half a century and has become a benchmark worldwide. Half a century radiating commitment. And it continues to work towards fulfilling that initial dream.
PROJECTS FINANCED BY THE BASQUE GOVERNMENT AND THE EUROPEAN UNION
SUSTAINABILITY
Introduction
to a cooperative
1973
In that difficult environment of the 1960s, on 22 December 1973, the articles of association of the Eika cooperative were signed. There were 47 people who invested 100,000 pesetas each, a fortune at that time. The objective was to create jobs and to revitalise the economy of an area that had no industrial background.
1976
Start of the production plant. The first were years of great sacrifice, but also of great enthusiasm. The products that were offered were tubular electric resistors, armoured plates in cast iron, soles of electric boards, and tubular electric plates.
1978
The products sold well, and a first expansion was necessary. It was financed by the sale of shares of the cooperative to families in the region. Thanks to these contributions, the sons and daughters of these families had preference when entering the cooperative.
1979
This year, Eika began exporting its products, with the aim of increasing sales and consolidating its position in the market. That same year, the regional group Learko was also created, aiming to bring together the cooperatives that had been created in the Lea-Artibai region.
The 1980s.
The great industrial crisis of that decade also hit hard Eika, which even considered stopping the manufacturing of resistors. By vote, however, they decided to continue. They resisted, reducing salaries by 80%, and currently, this business unit continues to have a good profitability.
1991
Mondragon Corporación Cooperativa was founded, with the aim of becoming a more solid business organisation, grouped around sectors of activity. Eika was framed within the Components division.
1994
Eika becomes committed to improving quality levels and developing new products. This year, they began to manufacture ceramic hobs. They expanded their facilities by 1500 m2, boosting, above all, the resistor line, whose demand had increased enormously.
1998
This year was marked by an important technological leap: Eika began manufacturing the limit switches for the glass-ceramics. Until then, it had only manufactured heat generators. Now, it had a global offer, integrating elements for regulation and heat control into its processes.
1999
After the technological leap of 1998, the following year was marked by great growth. The Ribbon and Touch Control hobs began to be marketed. A third expansion of the plant was carried out with the purchase of a casting unit, constituting the first subsidiary of the group: Foundeik.
2000
Opening of the second subsidiary of Eika, being the first on an international level. The Czech Republic was chosen to host it. The former line of plates was moved there, and the subsidiary was named CZ Eika.
2004
This year, Eika opened its third subsidiary, the second international subsidiary and first one outside Europe. It was in the Mexican city of Querétaro, with the aim of manufacturing glass-ceramic hobs for the US market.
2006
The subsidiary Eika Polska was established in Wroclaw (Poland), for the manufacture of resistors. Throughout the year, the resistors made at Cz Eika were transferred to Eika Polska. This year, the number of workers in the group was around 1,600, 800 of which belonged to the subsidiaries.
2010
This year, Eika expanded its offer, with the creation of a new business focusing on thermal insulation, which was materialised with the founding of the company Isoleika, specialising in insulating panels.
2011
Expansion of the Mexican plant.
2015
Expansion of The Polish plant for the manufacture of tubular heating elements.
2017
The year of international consolidation, with the receipt of the Distinguished Supplier award from General Electric, to which it supplies 100% of its hobs. Eika offers complete solutions for electric cooking, including heat generation, its control, and accessory elements that complement the function.
2018
Eika received Supplier Quality Excellence Award from Whirlpool in the category of Strategic Components for the EMEA region.
2019
Eika acquires the assets of the North American Ceramaspeed, the patents, trademarks and production equipment of the North American multinational with production plants in the US, Mexico and Poland.
