The Basf Group will install an international engineering hub in Spain that “will develop projects for all of Europe”. This was announced this morning by the general director of the Spanish division of the chemical multinational, Carles Navarro, who has detailed that this new center will have a double headquarters, in Tarragona and Madrid.
Within the framework of the presentation of the economic results of the company in 2022, the head of Basf Spain explained that this project, which is expected to start operating this year, will mean “an increase in activity” and the creation of ” new highly qualified jobs” in the production center of La Canonja (Tarragona), its main Spanish plant and where the current engineering unit is located, and in the capital, where it seeks to “take advantage of synergies with the main partners in the engineering projects in the country.
This will be the second international hub that the German company has opened in Spain in the last four years, after the Basf Digital Solutions inaugurated in Madrid in 2019, which facilitates digital solutions within the company on a global scale and in which around 500 people work. .
Basf closed the 2022 financial year with a turnover of 1,562 million euros in Spain, 16% more than in 2021 (1,350 million), according to what Navarro explained at the press conference. This increase is due to a significant increase in prices (19%), while volumes decreased by 2%, the senior executive explained.
The multinational plans to invest 43 million euros in Spain in 2023, which will be used to improve facilities and processes. In this sense, the car paint factory in Marchamalo (Guadalajara) will inaugurate the new Application Center for the automotive industry during the second semester, with a budgeted investment of 16 million euros. In 2022, the programmed investments worth 44 million euros finally reached 50 million.
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