José Ignacio Nicolás-Correa

Nicolás Correa S.A., along with its subsidiaries, Board of Directors, management teams, and employees, deeply mourn the loss of their President. His remarkable dedication and contributions have left an indelible mark on the company. The entire Correa family extends heartfelt condolences to his loved ones.

José Ignacio Nicolás-Correa, born in Madrid in 1949, dedicated his life to the family business founded by his father, Baldomero Nicolás-Correa. Joining the company in 1969 at just 21, he quickly rose through the ranks, starting in the Export Department and becoming Secretary of the Board of Directors. In 1981, he was appointed Managing Director, and by 1984, he had assumed the role of Chairman following his father’s passing.

Under his visionary leadership, Nicolás Correa S.A. ascended to the pinnacle of the machine tool sector. The company’s growth was driven by a steadfast commitment to technological development, product quality, and a global market perspective. This approach culminated in the company’s listing on the Madrid Stock Exchange in 1989 and the formation of the Correa Group in the 1990s, which now comprises five industrial and four commercial subsidiaries worldwide.

José Ignacio’s career was not confined to his own company. He held prominent roles in various institutional projects, including President of CECIMO, FEMEBUR, and APD in Castilla y León. His contributions extended to ICEX, the University of Burgos, and Caixa Bank’s Advisory Board in Castilla y León.

Beyond the Correa Group, his entrepreneurial spirit led to the creation of Hiperbaric in 1999, a leader in high-pressure food preservation. He also chaired Sancor Capital S.L., and managed Sancorganic S.L.U. and Sancor Real Estate S.L.U. His passion for education and lifelong learning saw him earn a Law degree, a Diploma in Business Tax Consultancy, a PDG from IESE, and a PhD in History. He was particularly involved with the University of Burgos, where he frequently lectured and achieved the prestigious Doctor Honoris Causa in April 2024.

About Correa Group

The Correa Group stands as a premier supplier of milling machines and large machining centers, tailored for demanding industries like energy, automotive, aerospace, and railway. With around 90% of its production exported to over 20 countries, the company continues to meet the machining needs of thousands of global customers. In 2023, the Correa Group achieved record profitability and sales, cementing its position as one of the top five European manufacturers in its field. The year concluded with a workforce of 450 and a consolidated turnover of 109.9 million euros, with profits reaching 10.8 million euros.

Original source MTW Mag