Hyperion is investing 9 million euros in expanding its Barcelona plant to 16,900 m2

Business Investments · Manufacturing

20 Sep 2023

The North American metallurgical company will create 20 new jobs in Catalonia by relocating its building components production from Sweden.

The American multinational Hyperion has invested 9 million euros in expanding its Martorelles plant in Barcelona, the group's largest in the world, to a total surface area of 16,900 m2. This investment aims to relocate part of the company's metallurgical activities to produce tools for building components, a line previously located in Sweden.

For this project, Hyperion has received support from ACCIÓ-Catalonia Trade & Investment- the Business Competitiveness Agency of the Ministry of Business and Labour.

The expansion project will add 5,250 m2 to Hyperion's existing 11,650 m2. Also, the company will add 20 new jobs to its current workforce, 375 in Martorelles (Barcelona).

The inauguration of the new building was attended by the Secretary for Business and Competitiveness and CEO of ACCIÓ-Catalonia Trade & Investment, Albert Castellanos, and Hyperion's CEO, Ron Voigt.

“The decision to invest in Catalonia results from the capacity and performance of the facility and the exceptional welcome we have received from the Catalan government”

Ron Voigt, CEO of Hyperion

According to the Secretary of Business and Competitiveness and CEO of ACCIÓ-Catalonia Trade & Investment, Albert Castellanos, "Hyperion's growth project in Martorelles is crucial as it solidifies the plant's position as the group's most significant worldwide. It serves as a clear example of investing in Catalonia, leading to reindustrialization and prioritizing sustainability and the circular economy, which is fully aligned with the Government's top priorities."

Castellanos emphasized "the longstanding tradition of the metalworking industry in Vallès Oriental and Catalonia," as it is "one of the major industrial sectors in our country, consisting of nearly 5,000 companies with an annual revenue exceeding 12,000 million euros and providing employment for 65,000 individuals". In this sense, he emphasized that "the sector boasts productivity levels that exceed the industry average, making it a particularly attractive target to foreign investors". In the last five years, Catalonia has attracted almost 500 million euros in foreign investment.

Ron Voigt, CEO of Hyperion, said: "We carefully analyze and prioritize our investments to ensure we make the right decisions for our business, our hard-working employees, and the community". "The decision to invest here results from the capacity and performance of the facility and the exceptional welcome we have received from the Catalan government. We are working daily to build a Hyperion for the next 100 years," he said.

The North American company Hyperion is a world leader in advanced materials with decades of experience developing and manufacturing tungsten carbide powder, cemented carbide, synthetic diamond, and cubic boron nitride products. The plant, located in Martorelles (Barcelona), produces fuels for different markets: for example, fuels for the manufacture of beverage cans, the food sector, cemented carbide solutions for the automotive industry, renewable and environmental energies, and they are expanding into the construction sector.

Under the control of the Swedish multinational Sandvik, the company was established in Catalonia in 1977 with the acquisition of Bonaste, located in Caldes de Montbuí (Barcelona). In 2007, it moved to Martorelles, where it invested 12 million euros to increase its production capacity. Two years later, Sandvik transferred its R&D center for complex metal products from Coventry (UK) to Catalonia, investing 2.1 million euros. In 2018, the investment group KKR acquired Sandvik Hyperion globally.

On a global scale, Hyperion has more than 2,000 employees worldwide and production facilities in the United States, Mexico, Brazil, France, Germany, Italy, and Taiwan. The multinational closed in 2022 with a turnover of 600 million dollars worldwide and 84 million dollars in Catalonia. The company exports 95% of its total production to European countries, such as Brazil, India, Argentina, the United States and China.

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