Posts Tagged ‘exports’

Spain’s positive investment paradox

Spain’s positive investment paradox

That Spain may have some way to go before it can claim full financial recovery could be exactly what makes it so attractive to foreign investors. It’s something of a paradox but one very much worth looking at. It’s precisely because Spain is taking measures to continue to fight its way back to full prosperity that it is being looked upon so favourably.

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Spain exports drive trade deficit down

Spain exports drive trade deficit down

Spain’s increasing competitiveness fuelled a record rise in exports for the January-October period, driving the trade deficit down 2.7 percent to 20.53 billion euros from a year earlier. The decline in the ten months to October further consolidated the overall downward trend in the deficit seen so far this year, compared with the substantial swell recorded in the full-year 2014 as the economic recovery fuelled a sharp rise in imports. Imports rose by 3.2 percent in the period January-October 2015.

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Ence to invest 662 million euros to 2020

Ence to invest 662 million euros to 2020

Spanish pulp producer and renewable energy firm Ence recently unveiled its Strategic Plan for 2016-2020, including an ambitious investment drive of 662 million euros. The funds will be earmarked to increase capacity at its pulp mills, reduce production costs and boost the generation of renewable energy from biomass. Ence is the leading producer of eucalyptus pulp in Europe with a capacity of 930,000 tonnes per year and is the second company by sales on the continent.

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Spain Export Push Sparks Trade Deficit Drop

Spain Export Push Sparks Trade Deficit Drop

As Spain’s economic growth continues to outpace that of its three main eurozone partners – Germany, France and Italy – exports are on the rise and producing a welcome shift in the country’s trade balance. In the five months to May, the trade deficit declined 9.3 percent to 9.434 billion euros from a year earlier, according to Economy Ministry data released last month. Aided by the depreciation of the euro and Spanish firms’ increasing competitiveness, exports grew 4.3 percent to 102.916 billion euros, the highest figure since 1971 for the January-May period.

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Volkswagen Increases Spain Investment

Volkswagen Increases Spain Investment

Spain’s automobile industry received a double dose of good news last month: another extension to the government’s sector subsidy scheme and a 4.2 billion euros five-year investment commitment from Volkswagen! The German car manufacturer has earmarked the cash for improving installations and R&D at its two plants, one of which is its Seat factory in Martorell, near Barcelona, and the other in Pamplona in Navarre, home to the VW Polo. Spain is a key market for Volkswagen and its latest project – which has been touted as the largest ever industrial investment in the country – will guarantee the future of the group’s facilities.

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Nestle Hikes Capacity at Spain Coffee Plant

Nestle Hikes Capacity at Spain Coffee Plant

Nestle has recently become the latest international firm to bet on Spain as an investment hotspot! In March it announced a 102 million euros investment in a new coffee production facility at its plant in Girona, north east Spain. The project is expected to create around 300 jobs in the construction phase and an additional 40 at the plant when it is fully operative at end-2017.

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Spain M&A Sector Continues Growing

Spain M&A Sector Continues Growing

Companies across the globe are expected to show increased appetite for M&A in 2015, continuing the positive trend registered last year, consultancy firm KPMG said in its February M&A Predictor report. As the impact of the financial crisis has eased over the last two years or so, firms have been able to pay down debt and start building up cash to fund fresh acquisitions. Easier access to credit has also been a factor influencing the rise in deals in 2014.

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France’s Ardian Mulls Opening Madrid Office

France’s Ardian Mulls Opening Madrid Office

Independent French private equity (PE) firm Ardian is reported to be considering opening an office in Madrid, in a move which demonstrates Spain’s increasing importance as a hub for international investment. Ardian, formerly Axa Private Equity, already has a range of investments in Spain, including a 15 percent stake in energy company CLH.

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Ford to Boost Capacity at Valencia Plant

Ford to Boost Capacity at Valencia Plant

Ford Motor Company plans to boost output at its Valencia plant by 40 percent in 2015, thanks to the final part of a 2.3 billion euros expansion of its operations in Spain. The US car manufacturer is aiming to churn out about 400,000 vehicles at its Almusaffes plant this year, in what has been touted as the biggest ever investment in the Spanish automobile industry.

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Spain Grows Faster Than European Rivals

Spain Grows Faster Than European Rivals

Spain is expected to be the highest growth market in the eurozone in 2015, according to the International Monetary Fund (IMF)’s World Economic Outlook report published last month. No mean feat for a country which was once a protagonist of the region’s sovereign debt crisis and exited a two-year recession just 18 months ago. Spanish GDP is forecast to expand 2.0 percent in 2015, according to the IMF. This compares with the estimate released by the organisation last October for 1.7 percent growth.

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