business

Barcelona’s trade fair complex will end 2012 with a €116 million turnover, an improvement compared to 2011 and even more so compared to 2010. With international leading shows such as the Mobile World Congress, Alimentaria and the Smart City Expo, Fira de Barcelona competes at an international level with the world’s main trade fairs. In a press release, Fira de Barcelona reaffirms its “leadership in Spain in the area of industrial trade shows”.

The Asian multinational company sets up its fourth centre of industrial automation in the Catalan capital, where it has invested up to one million euros. This has created 20 highly-qualified new jobs. The Catalan minister for Business and Jobs, Francesc Xavier Mena, unveiled the centre in an event on Friday. “We have succeeded in attracting Omron to Catalonia”, he said.

The number of passengers going through Barcelona’s Airport between January and October grew by 4%, compared to the same period last year. In just 10 months, the airport of the Catalan capital had more passengers than in the entire of 2010. The number of international passengers increased by 6.2% and those coming from the Middle East, non-Schengen Europe and Argentina grew by 25%. In fact, Barcelona El Prat’s expansion strategy is focused on international flights, especially increasing the number of intercontinental flights and their destinations. However, the number of domestic flight passengers dropped by 11.1%.

IAG, the airlines group formed after the merger of British Airways and Iberia, has announced its plans to acquire 100% of Vueling’s capital. Iberia already has 45.85% of the Catalan airline. Now, IAG intends to buy the remaining 54.15%, equivalent to 16.2 million shares. IAG is offering €7 per share, 28% more than Vueling’s last trading price on the stock exchange market. Vueling is one of the few airlines in Europe making a profit. Catalan politicians are “worried” about the purchase, as Vueling is based in Barcelona El Prat Airport and is committed to its expansion. However, Iberia abandoned its plans to develop El Prat and has prioritised Madrid Barajas. A Catalan MEP has asked the European Commission about the possibility of there being a free competition obstacle.

The Catalan theme park PortAventura, located on the Costa Daurada, between Tarragona and Salou, will be completely controlled by Investindustrial, a fund run by the Bonomi family. Portaventura is the only profitable theme park in Spain and one of only a few in Europe. Investindustrial is buying the remaining 50% of the park for €105 million. Furthermore, they have announced a future investment of €80 million to foster the park’s international expansion. PortAventura is located next to the land where the €6 billion mega-resort Barcelona World will be built. The Italian group has a consolidated trajectory of investing large amounts of capital in businesses from a wide range of sectors to ensure growth.

The production of the new Seat León, the brand’s flagship model, guarantees 1,600 direct jobs and 6,000 indirect ones in the supply industries. The car manufacturing company, owned by Volkswagen, has its only plant in Martorell, Greater Barcelona. The company has great expectations of the new Seat León, which will be distributed worldwide from Catalonia. The new car model is the milestone of Seat’s commercial and strategic plan for this year, with the objective of becoming profitable again. It will be sold in three different versions: a five-door and a three-door model, and a station wagon car.

Pimec, the main SME association in Catalonia, issued a survey taken of its members. Two thirds of the interviewees would support Catalonia’s independence from Spain while remaining in the European Union. 21.1% would prefer a more federal Spain and only 12.1% would back the current situation. In addition, 97.5% of the interviewees support improving Catalonia’s fiscal scheme. Furthermore, 61.2% think a hypothetical boycott of Catalan products by Spain would not or would hardly affect them.

Catalonia hosts one of the world’s five active potash mines. The company Iberpotash has started to implement its Phoenix Plan, which foresees investing €600 million until 2020. The first phase of the project is the construction of a 4.7 kilometre tunnel to transport the potash mineral extracted from the mine to the treatment plant. The tunnel represents an important environmental improvement, as lorries carrying potash will no longer pass through the town of Súria. They will pass through the tunnel 900 metres under the ground. This first phase will enable the improvement of the mine’s productivity to between 30 and 40%.

The Catalan company presented its strategic plan for next two years, which fosters its main hub, Barcelona El Prat Airport, by adding 28 new routes from next summer. Vueling plans to transform Barcelona Airport into the main European hub for short and medium distance flights. Currently, it is already the second continental hub in this category. Furthermore Vueling will strengthen its offer to business travellers by unveiling the ‘Excellence’ flying class and direct flights between Barcelona and London-Gatwick or Frankfurt. In addition, the Catalan airline will end 2012 with a profit for the fourth consecutive year.

The chemical industries based in Tarragona, such as BASF, Dow Chemical and Repsol, expect their turnover to increase by 4% in 2012 compared to a year ago. In 2011, they exported 60% of their production, while in 2000 they were only exporting 30% of it. Furthermore, they have requested transport infrastructures to be improved and criticised the increase in energy taxes. About Catalonia’s hypothetical independence, they stated they “will respect what will be decided and will adapt to it”. These companies represent around 7% of Catalonia’s GDP.

Barcelona will hold, at least until 2018, the status of being the world’s mobile industry capital. Every year Barcelona hosts the world’s main event in this industry, the Mobile World Congress. This event is part of a broader project: the Mobile World Capital, which plans activities and events throughout the year and works to make Barcelona the greatest business and technological centre of the mobile industry. The Spanish telecommunication giant Telefonica announced it will bring €7.8 million to develop this project. Furthermore, it will allow MWCapital to use 1,800 square metres of a building located in Barcelona’s main square – Plaça Catalunya – to show the latest technological developments.

By early 2013 the Airport of Lleida-Alguaire, located in Western Catalonia next to the border with Aragon, will have a maintenance centre with a capacity to host up to 50 airplanes like the Airbus model A320. The private company AirHoster will invest €3 million in building the initial facilities. 75 jobs will be created, as well as a school to train technicians. The Lleida-Alguaire Airport has received very few flights since it opened its doors in January 2010, most of them run by tour operators bringing skiers to the Pyrenees.

The Catalan capital hosts the largest and most modern container terminal of the Mediterranean Sea, a true gate for cargo ships, linking Europe with the Middle East, Northern Africa and Asia. BEST, which stands for Barcelona Europe South Terminal, represents a €515 million investment by Hutchison Port Holdings (HPH). This week it has unveiled the first part of the project: 100 hectares to store containers, 1.5 kilometres of docking space for cargo ships, 98 cranes and a provisional international-width railway connection to compete with northern European harbours. However, the Spanish Government has not started the definitive railway connection yet, despite many promises.

The Catalan Government approved a simplification of the red tape businesses need to get through by unifying all the public institution windows in a single point of contact and by rationalising procedures and certificates. By 2014 it is expected that 20% of the administrative procedures will be eliminated and 68% will simplified, involving procedures at local, Catalan and Spanish level. The measure will represent a €640 million saving for companies, according to the Catalan Government.

The Catalan multinational company will provide Gail, the largest gas distributor in India, around 3 bcm of liquefied natural gas for three years. This quantity represents 10% of Spain’s annual gas consumption. Gas Natural Fenosa refused to disclose the value of the contract, but sources from the sector estimate it would be worth more than €1 billion. This would be the largest contract in Asia for this Barcelona-based company, which has a significant presence in South America.