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 /

Vista aérea de la planta de AGRCR en Carreño Asturias

Carreño will host the first sustainable metal recovery plant in Spain

The foreign capital company AGR Catalyst Recovery (AGRCR) reinforces its presence in Asturias and will install in Carreño a plant dedicated to the valorization of metals contained in exhausted catalysts.

The plant, a pioneer facility in Spain, will create eight jobs in two years. This operation is part of the Asturias RIS3 Intelligent Specialization Strategy and fits into the circular economy model promoted by the European Union.

The technological process of valorization of metals contained in exhausted catalysts resulting from chemical processes has been developed by one of AGCR’s partners, the Asturian company Aprochim-Getesarp-Rymoil, S.A. (AGR). AGRCR’s 65% is owned by AGR, which in turn has 27% of French capital (APROCHIM).

The Sociedad Regional de Promoción del Principado (SRP) is financing this AGRCR initiative with 700,000 euros. The support of SRP ensures a global project of 2.5 million euros. The investment will be mainly devoted to the acquisition of ancillary equipment and systems.

Reduction of resource consumption and greenhouse gas emissions

The metal concentrate obtained in the process will be reintroduced into the life-cycle of the catalysts, which will lead to a more sustainable management by avoiding landfilling. This will reduce consumption of primary mineral resources as well as energy and greenhouse gas emissions associated with mining.

Catalysts are substances that have the ability to alter the speed of a chemical reaction, increasing or decreasing it, in a process known as catalysis. They are used in a multitude of industrial processes to optimize them, increasing the speed of the reactions they need.

Since 1998, the Asturian company AGR has been treating oils and equipment contaminated with PCBs (polychlorinated biphenyls), a toxic chemical compound.

This company was the first of its kind implemented in Spain and currently has the country’s largest capacity and Europe’s second largest. Its facilities are located in the Logrezana Business Park, in Carreño, on a plot of 8,500 square metres and pending an extension of 5,000 square metres.

AGR is an authorized manager for all types of catalysts out of use, both for those which it is not profitable or possible to recover metals from and must be managed environmentally, as well as those whose metals can be recovered and returned to the owner, or valued and paid according to the price of the metal exchange.

Together with AGR, the majority shareholder, AGRCR includes the British company BMJS Investments Limited, made up of two firms with extensive experience in the management and treatment of spent catalysts and the international marketing of metals from these catalysts.

Circular economy project supported by IDEPA

This initiative of sustainable treatment and valorization of metals is a brilliant circular economy project that was born from another Research and Development (R&D) project launched by AGR and financed by the Economic Development Institute of the Principality of Asturias (IDEPA). After studying its viability, the company is now moving to the productive investment stage, accompanied by international partners and with the support of the regional administration, through the SRP.

The project is part of the Asturias RIS3 Intelligent Specialization Strategy, which includes among its priority lines the commitment to sustainable materials. It also fits into the circular economy model promoted by the European Union to improve resource efficiency and reduce dependence on imports of raw materials.

17 July, 2019 /

Delegación IDEPA Asturias visita Tarapacá Chile

Asturias shows in Chile its potential as an investment destination

The presentation of Asturias as a versatile and competitive investment destination was one of the objectives of the visit that a delegation from the Principality of Asturias made the first week of July to Tarapacá, a region located in the far north of Chile.

The delegation was headed by the general directors of the Economic Development Institute of the Principality of Asturias (IDEPA), Eva Pando, and the Sociedad de Promoción Exterior Principado de Asturias, S.A. (Asturex), Teresa Vigón. This initiative is part of the International Urban Cooperation Programme of the European Union (IUC).

The visit led to the signing of a collaboration agreement with the Chilean region of Tarapacá, signed by the regional mayor, Miguel Ángel Quezada. The agenda of this trade mission to Chile sought to generate synergies and find common ground to promote the development and competitiveness of the industrial environment of Asturias, as well as attract new investment to the region.

Circular economy, Industry 4.0 and renewable energies

The meetings maintained with significant entities in the Chilean region served to detect lines of collaboration for Asturian companies in areas such as the circular economy, Industry 4.0 and renewable energies, mainly solar photovoltaic.

Regarding circular economy, our delegation was able to learn about the project for the implementation of a technology center at the national level, developed by the Center for Innovation and Economy Circular (CIEC), along with the Government of Tarapacá and the Corporation for the Promotion of Production (CORFO). Also interesting for Asturian companies could be the Tarapacá Hub, a center of entrepreneurship focused on circular innovation in mining, logistics and solar energy.

In the area of Industry 4.0, the important fishing industry of the country is implementing technologies related to artificial intelligence, opening potential lines of collaboration with Asturian companies included in the catalogue of key enabling technologies (KETs) that are part of the strategy Asturias Industry 4.0, led by the Government.

Another market niche for Asturian companies is that of renewable energies. In 2020, Tarapacá will have an energy mix in which renewable energies will play a leading role, generating more than 80% of electricity.

The region of Tarapacá has two key infrastructures, the Port of Iquique, and a free-trade zone, the Free-Trade Zone of Iquique, S.A. (ZOFRI S.A.), which represents a competitive advantage and makes it very attractive for international trade. The Port of Iquique has a privileged location, considered the natural door of the central cone of South America from and towards international markets. In addition to that, the Free-Trade Zone, is equipped with a platform of services to commercialize and facilitate business in the southern cone of Latin America, where more than two thousand companies develop their activities.

Promotion of sustainable urban development

The European Union’s International Urban Cooperation Programme aims to promote the exchange of good practices and more sustainable territories between different regions of the world. It is part of a long-term EU strategy to promote sustainable urban development in cooperation with the public and private sectors, as well as with community groups and citizens.

This initiative has a budget of more than €5 million and will run for three years. Twenty cities and regions in Argentina, Brazil, Colombia, Chile, Mexico and Peru have been selected under the programme for collaboration with their European counterparts.

16 July, 2019 /

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