Navantia, formerly Bazán or IZAR, has become Spain's leading state-owned shipbuilding firm, offering its services to both military and civil projects. Men from Francisco de Orellanas expedition building a small brigantine, the San Pedro, to be used in the search for food Shipbuilding is the construction of ships. ...
It was founded in December 2000 following the merger of Astilleros Españoles S.A. (AESA) and Empresa Nacional Bazán. It is the second largest shipbuilding company in Europe, and the ninth largest in the world. It has shipyards all over Spain. World map showing location of Europe When considered a continent, Europe is the worlds second smallest continent in terms of area, with an area of 10,600,000 km² (4,140,625 square miles), making it larger than Australia only. ...
The proposal by Izar's owners, the state holding company SEPI, called for the separation of the company's military construction unit, its most profitable venture, from the civilian operation, which would be partially privatised. Izar had been in crisis since European Union authorites demanded in May 2004 that it repay 300 million euros (362 million dollars) of EU aid that Brussels regarded as having breached competition rules. The shipbuilding sector in Spain had been struggling in the face of tight competition from Asia. Sociedad Estatal de Participaciones Industriales is large Spanish holding company. ...
The integration of Navantia's production centres is brought about through specialisation in different types of vessel, led by a general directorate and supported by a strong Technical Office.
Navantia's shiprepair centres, strategically, located on the Iberian peninsula, constitute a unique offer in Europe, for both civil and military vessels.
Within Navantia, the Area of Systems and Weapons is covered by the San Fernando factory, which specialises in combat systems and naval weapons, along with the factory at Cartagena, specialising in management and control.
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