Industria química Asturias inversión extranjera 2019

Foreign investment grew in Asturias in 2019 above the national average

The chemical industry led the entry of inflows into the region

Foreign productive investment grew by 886% in Asturias in 2019 compared to 2018. It is the fourth position at national level in terms of annual increase, according to data made public by the Ministry of Industry, Trade and Tourism.

Specifically, gross investment (discounting Foreign Securities Holding Entities) increased in our region from 11 to 117 million euros. Asturias increased its inflow thanks to significant investment from the Chemical Industry, specifically the Artificial and Synthetic Fibre Manufacturing subsector, whose investment in the first quarter of 2019 represented an injection of 103 million Euros into the region. It is followed by Wholesale Trade and Programming and Consultancy sectors.

With respect to Spain as a whole, foreign productive investment fell by 54.8% in 2019, to 22,376 million euros gross. This represents a drop of half compared to the investment generated in 2018, a year in which a historical maximum of 49,549 million euros was set, which was almost double that of 2017.

In relation to the rest of the Autonomous Communities, the Community of Madrid is in first place in terms of gross productive investment in 2019 with 13,702 million euros, 67.5% less than in 2018. It is followed by Cataluña, Castilla León and Andalucía.

26 March, 2020 /

Two days of your agenda to help you invest in Asturias!

Are you looking for a European territory where your company can set up and grow in a safe environment with great potential for economic development? We offer you Asturias. And we invite you to visit us to see first-hand that we are what you are looking for.

We will design a personalized agenda for you, free of charge and confidential, for two days in Asturias so that you can get to know all the tools that the Institute for Economic Development of the Principality of Asturias (IDEPA) offers you to invest in the region with total security and possibilities of success.

During your stay with us, we will show you the values that define the identity of Asturias, a region with a secular industrial tradition that is moving towards a sustainable economy, in a spectacular natural environment that sets us apart from the big cities of Spain. And with an unbeatable quality of life!

We will explain to you which are the main sectors of regional economic activity and we will help you to fit the main lines of your project with the potential that Asturias offers you.

We are the main instrument of economic promotion in Asturias and we will provide you with technical and financial assistance to help you in any way you need. We will keep this attention during all the phases of your project: analysis, implementation and development.

Do you want to know more? Then organize your agenda with us to visit Asturias by calling +34 985 980 020 (Invest in Asturias program) or send an e-mail to investinasturias@idepa.es. Your successful project in Asturias starts here!

(And if you want to stay longer, remember that The New York Times has selected us as one of the best places to visit in 2020).

12 February, 2020 /

XXVIII Encuentros Empresariales Asturias un lugar donde invertir

Green industry, innovation, talent and institutional support, key to attract investments to Asturias

IDEPA’s XXVIII Business Forum reinforces the position of the region as an ideal destination for investment

Asturias is an attractive place to invest. The region presents ideal conditions to host industrial investment projects aligned with the ecological transition and others based on the talent and knowledge generated by innovative and technology-based companies.

This is the main conclusion drawn from the XXVIII edition of the Asturias Business Forum, organised by the Economic Development Agency of the Principality of Asturias (IDEPA) and held last Thursday 12th. December at the Hotel de la Reconquista, Oviedo.

19 December, 2019 /

Presencia de Asturias en WindEurope Offshore 2019

Asturias explores ways of business with the big players in the offshore wind sector

A large delegation from Asturias was present this week in Copenhagen (Denmark) at ‘WindEurope Offshore 2019’, the most important international conference of the offshore wind industry and in which our region demonstrated that it has a very important role to play in the future of this sector.

Invest in Asturias was part of the Asturian institutional delegation at the conference, organised by the Sociedad de Promoción Exterior Principado de Asturias S.A. (ASTUREX) and integrated by the Ports of Gijón and Avilés, the technological centre IDONIAL and a representation of Asturian companies that already work for the offshore wind sector.

28 November, 2019 /

Glencore Asturiana de Zinc invest San Juan de Nieva Asturias operations

Glencore to invest 100M euros in a new plant in Asturias

The Swiss multinational will build a state-of-the-art warehouse in the Asturiana de Zinc industrial site in San Juan de Nieva

The investment ensures a bright future for one of the most outstanding success stories of companies with foreign capital established in Asturias

The Swiss multinational Glencore will invest 100M euros in the modernization of the industrial site that its subsidiary Asturiana de Zinc, S.A. (AZSA) has in San Juan de Nieva (Castrillón, Asturias), which employs almost 800 workers.

Specifically, Glencore foresees the construction of a new electrolysis plant that will replace two of the current ones. Electrolysis is one of the final processes in the production of electrolytic zinc.

30 October, 2019 /

WindEurope Offshore Copenhagen 2019 Asturias

Asturias, an integral partner for the offshore wind industry

An Asturian delegation will show in ‘WindEurope Offshore Copenhagen 2019’ the capabilities of the region in the field of energy at sea

Asturias will have a very prominent presence in ‘WindEurope Offshore 2019’, the cutting-edge international conference for the offshore wind industry and where our region will be shown as an integral partner for investments in the offshore wind sector.

16 October, 2019 / No Comments /

EIP on AHA Asturias referencia europea en innovación ligada al envejecimiento activo

Asturias, European reference in innovation linked to active and healthy ageing

The region achieved the highest score on the ‘EIP on AHA’s Reference Site’ accreditation for its good practice programmes with the elders

The European Commission has awarded Asturias the highest score in the ‘Reference Site’ accreditation, linked to the promotion of active and healthy ageing. This measure ratifies our region as a model in policies and programmes of good practice with the elderly.

25 September, 2019 /

TheSteelPrinters begins manufacturing industrial spare parts in 3D

The alliance between ArcelorMittal and Frankstahl innovates from Asturias in the field of additive manufacturing

TheSteelPrinters, the alliance between ArcelorMittal and the Austrian company Frankstahl with its factory in the Principality of Asturias Business Park (PEPA), begins to bear fruit. It projects to manufacture around 2,900 spare parts for the industrial sector in two years.

20 September, 2019 /

Oviedo Asturias acogerá los World Cheese Awards 2020

Oviedo will be the world’s cheese capital with the ‘World Cheese Awards’ 2020

This recognition represents a boost to the Asturian agri-food industry, the third sector of activity in the region

Oviedo will become in November 2020 the world capital of cheese by hosting the 33rd edition of the World Cheese Awards, the most important competition in the world in which more than 3,000 varieties will be evaluated by 250 international judges.

Oviedo Asturias acogerá los World Cheese Awards de 2020

This decision is a recognition of the great work that has been carried out for years by the Asturian agri-food industry, which is of capital importance in the region’s industrial activity: it is the third sector of activity along with metal and extractive industries, energy and water.

In Asturias, tradition is mixed with academic training, technology and innovation, which creates the ideal ecosystem for companies to have decidedly committed to quality and adaptability to market demands.

Examples such as Nestlé, Reny Picot, Danone and other large agri-food companies with a strong presence in Asturias demonstrate the strength of the companies’ commitment to this sector and its great potential as an investment destination.

The branch of dairy products is what produces the highest turnover in the regional sector. Asturias is one of the areas with the greatest number of cheese industries in Europe, with more than twenty official varieties. All this is highlighted by bringing the World Cheese Awards to Oviedo.

18 September, 2019 /

Asturias cuarta región española en FDI productiva de España

Asturias, 4th region in foreign productive investment in Spain

It recorded a stock of Foreign Direct Investment of 16,352 million euros at the end of 2017

Asturias occupies the fourth position among the autonomous communities in foreign productive investment in Spain, according to last data collected in the Register of Foreign Investments of the Ministry of Economy, Industry and Competitiveness.

Specifically, our region recorded a stock of Foreign Direct Investment (FDI) of 16,352 million euros at the end of 2017, 4.1% of the Spanish total.

Spain is one of the main recipients of foreign investment worldwide. The total position of FDI in Spain in terms of accumulated stock stood at 659,000 million dollars (592,280 million euros) at the end of 2018, according to the latest data from the United Nations Conference on Trade and Development (UNCTAD) in June 2019. This means that Spain ranked as the fourteenth recipient economy.

The stock of productive FDI already represents 46.2% of Spanish GDP, the second highest ratio after that of the United Kingdom among the five main European countries.

Exports and foreign affiliates in Spain

Foreign affiliates in Spain play a fundamental role in exports. They account for 44% of total Spanish exports and 38% of business R&D expenditure.

In terms of employment, 1,394,968 jobs in Spain depended on foreign investment at the end of 2017, 28,165 of them in Asturias.

By autonomous communities, the distribution of the FDI stock is concentrated in 89.5% in four of them: Madrid (68.1%), Catalonia (13%), Basque Country (4.3%) and Asturias (4.1%), although the so-called “headquarters effect” tends to overestimate the locations in the major economic poles.

By sectors in FDI total stock, Energy, Metals and Maufacturing of other Materials, Real Estate, Building and Infrastructures and Retail and Wholesale are leading the list.

The stock of FDI is an indicator that shows the longest lasting confidence of investors in the local economy and its companies. It is a “photograph” of companies that are installed in a territory. It adds up everything invested except divestments and amortizations.

12 September, 2019 /

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