The car industry invests more Spain

Issued at 2019-08-26

Investment in Spain grew 42% in 2018, according to the Spanish Association of Automobile and Truck Manufacturers (Anfac).

The automobile industry invested more than 3,000 million euros, a figure that exceeds 50% the average of the previous five years.
In total, in the last six years, the sector has invested more than 13,000 million euros in Spain.
The car companies billed 66.550 million euros with 93,500 employees.



Chinese investment increased 800% in Spain, 2014 - 2018

The Chinese investment in Spain is of 15,7 Billion dollars between 2014 and 2018, which has meant an increase of more than 800% with respect to the previous period - between 2009 and 2013 (Source Solunion).

Ford is investing $879.67 m in Spain
Ford is investing $879.67 m in Spain to expand its plant in Almussafes, Spain by 2020 to produce the new Kugamodel.

Renault is investing $684m in Spain
Renault is investing $684m in Spain at its plant in Valladolid.The expansion project is expected to be finished by 2020,includes building a new caranda new engine.

 PSA Group
The PSA Group announced a new plan, called SmartMAD2021,which will be endowed with an investment of €144 million euros for its production center in the Villaverde district in Madrid. This investment is part of the French group's commitment to upgrading its plants by introducing 4.0 Technologies.

ITP Aero begins the construction of its new plant in Vizcaya, Spain.
The growing demand for "externals", the components that are used in the coating of aeronautical engines, has led the Spanish company ITP Aero, of the Rolls-Royce group, to build a new factory for the design and manufacture of these elements. 
Ninth company in its sector for worldwide sales and one of the top one hundred in the global aviation industry, ITP has more than 3,500 employees in its plants in Spain, the United Kingdom, Malta, the United States, India and Mexico.
The new plant, which will invest 14.2 million euros, will open next spring at the Scientific and Technological Park of Vizcaya, in the town of Derio. This location is very close to Zamudio, where the company has its headquarters. More info in next edition of magazines 

Source: Metal Spain