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Capital Goods
capital goods

According to SERCOBE (the Spanish National Association of Manufacturers of Capital Goods), the national turnover in the sector reached 49,000 million euros in 2008, which is 2.7% up on 2007, continuing the rising trend of previous years. This was mainly due to the progress of certain areas such as the Metal-Mechanical and Electrical-Electronic industries.

As for exports, which had an increase of 3.3% with respect to 2007, 57% were concentrated in the EU (France, Portugal, Italy and United Kingdom), followed by Latin America with 9% where Mexico stands out; the United States and Canada with 8.4% of the total and Asia trailing far behind.

The Basque capital goods sector comprises a large number of companies engaged in a wide range of activities involving the design, manufacture and assembly of mechanical and electro-electronic products. Due to the turnover of this sector and the number of workers it employs, as well as the levels of local contracting and indirect jobs it generates, the capital goods sector represents a significant part of the Basque economy as a whole. It accounts for approximately 5% of Basque GDP, 11.6% of industrial GDP and 50% of the total figure for this sector as whole in the Spanish State.

This sector contains a large number of major companies such as ABB, Babcock Borsig S.A., Bombardier, General Electric, Construcciones y Auxiliar de Ferrocarril (CAF), Adtranz, Tubacex and Tubos Reunidos, that have a large amount of experience in the development of industrial projects and infrastructures. 

Related Links
SERCOBE - National Association of Engineering Goods Manufacturers
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Source: Presidency of the Government - General Secretariat for Communication

Fecha de la última modificación: 06/10/2009