The new SMD manufacturing line will enable the company to increase its production capacity to meet the growing market demand

The technology group P4Q expects to double its revenue this year compared to 2022, reaching €90 million

The technology group P4Q has announced the renovation of one of its electronic production lines (SMD), which is already operational, with an investment of nearly one million euros. In addition to increasing the production capacity of the line, the investment includes the latest technologies that enhance precision and quality assurance (automatic inspection and verification of component values).

This acquisition adds to the previously made investment of 6 million euros in its new headquarters in Alonsotegi – inaugurated in March of this year – with a capacity exceeding 4,500 m2, housing its R&D center, production plant, assembly cells, IoT device monitoring center, solar tracker showroom, and central offices.

"At P4Q, we work every day to innovate and transform sectors such as energy and healthcare. We are very satisfied with the investment effort made in 2022 and 2023, which will allow us to continue our growth trajectory and enhance our competitiveness," stated representatives from the Biscayan company, which expects to double its results compared to 2022 and conclude this year with revenue close to €90 million.

"The implementation and start-up of the new machinery have been carried out in record time, thanks to the experience and high involvement of the P4Q team".

Twin-Lines, Greater Flexibility

The renovation of the SMD line aligns with the rest of the existing lines, both in Alonsotegi (Bizkaia) and at its production centers in the United States and China, allowing P4Q to quickly share industrializations between lines and plants, adapting production to the needs of a global and highly competitive market.

Technology Group

The business group P4Q has reinforced its technological DNA by developing a wide range of proprietary products and services that combine over two decades of experience in electronics with the latest technologies such as Artificial Intelligence and Cloud Analysis.

P4Q's diversification strategy has resulted in brands such as Suntrack (a global leader in solar tracker controllers with more than 650,000 devices worldwide) and Qassay, an innovative lateral flow reader for at-home rapid tests.