This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Las químicas de Huelva invirtieron en 2004 más de 500 millones de euros, un récord histórico

Huelva chemical invested in 2004 more than 500 million euros, an all-time high

18/11/2005

on November 18, 2005

The President of the Association of chemical industries and basic of Huelva (AIQB), Jesús Contreras, and director of the team that has produced the economic report, Francisco Ferraro, recently presented the most significant details of the evolution of the 15 centers of production associated with AIQB in 2004. It highlights the investment made by the chemical and basic industry of Huelva during the financial year 2004, which reached EUR 523 million, doubling the last record in 1995, as well as the important progress in the creation of employment, with a total of 6.333 people employed directly in this period.

Ferraro also stressed that 12.7 percent of the investment went to the environmental production and 85.8 per cent to the construction or expansion of production processes, very particularly to those related to the generation of electricity.

Accumulated since 1990 investment amounts to 2.422 million euros, revealing the "constant effort modernization, productive and environmental companies," as well as the suitability of this industrial location.

On the other hand, the report shows that the value of the production of the companies making up AIQB was 3.316 million euros, a figure close to the 2003 and close to the peak reached in 2000. It also indicates that 54 per cent of the production of these companies has gone to the market including Andalusia, while 31 percent has led to the international market. The study points out also that the productive integration among the AIQB, with exchanges worth 391 million euros.

Employment rose live 6.333 people, of which 3.297 are found in the various templates and 2.792 in numerous ancillary companies, as well as 407 people in subsidiaries related to the activity of the companies of AIQB that adding 204 people with temporary employment.

In his speech at the presentation ceremony, the President of AIQB, Jesús Contreras, had an impact in that it follows from the findings of the report "a sharp and forceful message: companies do not an investment of this magnitude if it is not with a clear vocation for the future"", something that is totally incompatible with ideas such as the date of expiration, end of productive cycles and other phrases that long since come using in some forums to convey an unreal image of the industry of Huelva".