News
Catalonia Trade & Investment

Toyota Material Handling Spain, the logistics subsidiary of the Japanese automotive company, has laid the foundation stone for its new headquarters in Sabadell (Barcelona).

German chemical company BASF will build a new international engineering hub based in La Canonja plant (Tarragona) and in Madrid. The sites will operate projects at a European level.

The new site will serve as a strategic connection point for data communications between Europe, Africa, and the Middle East, with Barcelona quickly becoming a vital subsea hub.

A total of 229 investment projects were announced (+11% year-on-year), which will create 19,500 jobs (16% more).

According to ACCIÓ-Catalonia Trade & Investment, there are currently more than 22,000 Catalan companies in this sector, with a €30,240 million revenue (+2.5% year-on-year) and 182,800 jobs generated (+1.4%).

In the last five years, the number of technology hubs in Barcelona and Catalonia has more than doubled, reaching 96 hubs, 78% of them based in Barcelona.

This is one of the most prestigious international rankings used by multinationals when considering future business investment projects.

According to data from ACCIÓ-Catalonia Trade & Investment, this is the highest figure on record and highlights the strength of the foreign activity of Catalan companies despite a context of international complexity.

The German company has started up a new world-scale facility for the production of chlorine in Tarragona.