Fifty companies take park in Invest in Spain’s Sources of Financing symposium in Murcia

Fifty company heads involved in investment projects in the Murcia region attended the seminar organized by Invest in Spain this morning. The seminar, inaugurated by the regional Minister for Universities, Business and Research, Salvador Marín, and the Chief Executive of Invest in Spain, Javier Sanz, analyzed public and private sources of use to the financing of initiatives generating wealth and quality employment in the region.

During this work meeting, co-organized by the Promotion Institute and Invest in Spain, a body belonging to the Ministry of Industry, Tourism and trade, the Minister Marín underscored the work being carried out by the Regional Government through the Investment Capture Plan, which currently has a ‘portfolio’ of forty industrial investment projects.

“Invest in Spain complements and strengthens the work we are already undertaking in the Regional Government capturing investment for the Region. In addition to major competitive advantages, such as the speed of the administration and the highly trained human capital, and a dynamic and innovative fabric of business, we also have access to valuable tools to promote the arrival and development of projects, such as the Investment Capture Plan and the Technologically Advanced Investment Support Program in Strategic Sectors of the Info (Murcia Promotion Institute), which is currently being finalized, and the promotion of relations between companies, universities, and research and technology centers”, explained the Business minister.

During the symposium, the representatives of companies were informed of initiatives such as an integrated consultancy and follow-up system where accounts agents are assigned to accompany investors through the different stages of business projects and to speed up proceedings in the Region; or the ‘Murcia Investor Café’ initiative, a meeting place to provide established investors with services and to create a business climate so companies already present continue to invest and promote the image of Murcia as a foreign direct investment destination associated with competitiveness.

Derivados Químicos
The working day with the leaders of Invest in Spain was completed with a visit and work meeting in Derivados Químicos, in which the investment process of this company in the Region was analyzed as were the innovative expansions it is now developing.

In 2009 this company did in fact benefit from grants from the Technologically Advanced Investment Support Program in Strategic Sectors of the Info (Murcia Promotion Institute) and from equipment improvements from the General Direction of Industry, Energy and Mines, as part of the Industrial Plan, together worth more than 120,000 euros for the execution of projects worth in excess of 600,000 euros.

This company, devoted to the manufacture of chemical products, pharmaceutical intermediates and active ingredients, was employed as an example of foreign investment in the Region, since it was created by the Spanish Furfural Group and purchased in 2008 by the Italian multinational INFA Group. It currently has a workforce of 143 and is undertaking a process of expansion and the improvement its installations based on the innovation of its production processes.