ArcelorMittal Hornos Altos empleo inversión extranjera directa Asturias

Asturias, third Spanish region in increase of employment generated by Foreign Direct Investment

Companies with foreign capital generated 31,855 jobs in Asturias in 2018, 10.9% more than the previous year

Asturias is the third Spanish autonomous community in terms of the growth rate of employment generated by Foreign Direct Investment (FDI) in Spain, according to the latest data published by the Ministry of Industry, Trade and Tourism, which corresponds to the year 2018.

Specifically, Asturias recorded an increase in the employment rate of 10.9% with respect to 2017, only behind Cantabria and the Community of Madrid (this with an increase of 11.7%). In absolute terms, the employment generated by FDI in Asturias in 2018 was 31,855 occupied workers.

The impact on employment generation is a different and very useful way of evaluating foreign investment, as well as one of its most beneficial effects for a territory’s economy.

In fact, companies with foreign direct investment participation and residence in Spain, including the most relevant multinationals and their subsidiaries, employed 1.56 million workers in 2018. This figure represents an increase in 2018 (the last year available) of 6.8% with respect to 2017.

Foreign Direct Investment stock

As for the stock of Foreign Direct Investment, where our region traditionally enjoys a good position, the Government has not yet made public the data for 2018. Asturias recorded a stock of FDI of 16,352 million euros at the end of 2017, 4.1% of the total for Spain.

The stock data is like a picture of the presence of multinationals in a territory and is a more stable parameter of measurement than foreign investment flows. The latest FDI data published by the Spanish Government correspond to 2017.

26 June, 2020 /  
Industria química Asturias Cluster IQPA

Twenty years of the IQPA Cluster, a joint effort by the large chemical companies to make Asturias grow

The chemical and process industry in Asturias reaffirms its commitment to innovation, sustainability and collaboration

This year marks two decades since the creation of the Association of Chemical and Process Industries of Asturias (AIQPA), which represents a key sector in the regional economy and is a flagship for the promotion of Asturias as an industrial region.

The association and the IQPA Cluster have been sponsoring the collaboration between professionals from companies in the sector for twenty years with a technical approach and a commitment to innovation, sustainability and cooperation.

15 June, 2020 /  
Eva Pando Café Conecta Conecta Industria

“Asturias has the conditions to lead the reindustrialization in Spain”

Eva Pando focuses on digitalization and the circular economy the challenges of Asturian industry in the post-COVID19 era

Eva Pando, General Manager of the Economic Development Agency of the Principality of Asturias (IDEPA), considers that Asturias is in a privileged position to lead the reindustrialization process that will necessarily have to take place once the effects of the COVID-19 give way to economic recovery.

“Asturias is an industrial region, we have a long tradition and a history of industry that we carry in our DNA. And these weeks of crisis have seen the supply of engineering linked to that industrial trajectory,” said Pando in an interview with Conecta Industria in reference to the proposals that are emerging from our region to fight against COVID-19.

24 April, 2020 /  
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

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 /  
Encuentros empresariales IDEPA Asturias un lugar donde invertir 2019

XXVIII Business Forum: Asturias, a place to invest

This year´s edition will be focused on the attraction of investments to favour the economic development of Asturias

The President of the Principality of Asturias, Adrián Barbón, will attend on December, 12th., the XXVIII Asturian Business Forum. This annual meeting of business representatives, regional and national Administration, economic promotion bodies and entities, technology and research centres, universities and those people interested in the economic development of Asturias will be held at the Hotel de la Reconquista (Oviedo).

In this year’s edition, we will tackle the attraction of investments as one of the necessary strategies to favour the economic development and productive diversification of Asturias.

23 October, 2019 /