chemical industry

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The German multinational company Basf announced on Tuesday it will invest €21 million to expand one of the plants it has in the area of Tarragona, in Southern Catalonia. Basf operates several plants in the Tarragona area, which is Spain's main centre for the petro-chemical industry and one of the most important ones at European level. The investment announced this Tuesday is the largest made by the Spanish division of the German multinational in a single plant in many years, confirmed the company. The centre producing the innovative liquid fungicides for sustainable agriculture will extend its facilities and increase production capacity of these fungicides for high performance crops. Once the work is completed, the company will add 30 workers to its staff. Basf expects the expansion work to end and the new production line to be fully operational by the end of next 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.

The multinational chemical company explains that they would invest more money if the Mediterranean Railway Corridor were already a reality. This infrastructure is being delayed by the Spanish Government and it would enable the transportation of freight on international standard width railway from Catalan ports to Central Europe, and vice versa.

The world’s leader chemical company is planning to invest 12 million euros in its Tarragona plant, the largest one in southern Europe. BASF Spain has its headquarters in Tarragona, and concentrates most of its plants and offices in Catalonia.

The German chemical company will concentrate its production in Madrid and Guadalajara. BASF will also restructure its sales, marketing and administrations departments, also located close to Barcelona, in l’Hospitalet de Llobregat.