Formation | 1954 |
---|---|
Type | Machine tool |
Headquarters | Elgoibar, Guipúzcoa, España |
Danobat is a cooperative company that is mainly aimed at the manufacture of grinding machines, and lathes. It is located in the town of Elgoibar in the province of Gipuzkoa in the Basque Country in Spain. Danobat, is part of the industrial branch of the Mondragon Corporation, has a 65-year track record in the development of high-precision grinding machines and lathes and invests between 8% and 10% of its income in innovation.
It is one of Europe's leading machine tool manufacturers, employs more than 600 people and has an annual turnover of around 130 million euros.
Danobat was founded in the industrial town of Elgoibar in 1954, but currently the company's employees are spread out over all branches worldwide.[1]
The name Danobat is a contraction of the Basque words "danok" and "bat", translatable as "All One".
All workers are depositories of the property under equal conditions, on the basis of one-member, one-vote in the General Assembly. The member workers form part of the executive bodies of Danobat (Board of Management and General Assembly) on an equal basis and participate in decision-making and management. Membership of the executive bodies is renewed every four years.[2]