Industry

A summary, in two words, of what will be news in the Present today.

Enpresa gipuzkoarrak Belgikako trenbideetarako bagoiak egiteko kontratu publiko bat lortu du, 1.695 eta 3.400 milioi euro artekoa. 

The machine tool has a very important date these days at the EMO fair in Hannover.  In this instability of the economy it is more necessary than ever to be in the window of the world and to address new markets. To this end, 32 Basque companies have left, sponsored by the Government.

The project, which began construction in 2024, will become the first industrial plant in mainland Europe to manufacture synthetic arid, which captures CO2 both during the production process and during its useful life. 

The Spanish Prime Minister has advocated the need to boost the single European market and diversify trade relations in order to deal with trade tensions.

The Basque Government requested an additional capacity of 6,000 megawatts, which would have meant the Basque Country moving from the current 12,000 MW to 18,000 MW.

The Department of Industry, Energy Transition and Sustainability has called for an additional 6,000 MW in its network to meet its industrial and decarbonization objectives.

Jáuregui will meet with the Secretary of State for Energy, Joan Groizard, to discuss investment in electricity networks as part of the proposal to plan the electricity transport network for the period 2025-2030 and its impact on the Basque Country. 

At the first meeting of the Bureau, Councilor Mikel Jauregi highlighted the institutional commitment to the steel sector, which he explained has a strong exposure to international trade and is key to the export structure of the Basque Country, and the 50% tariffs imposed by Trump have compromised the competitiveness of the sector. 

Zumaia's shipyard has been saved from closure after being purchased by a group from the United Arab Emirates. In response to this news, the Works Council and the Basque Government's Industry Advisor have been optimistic, although they have asked for caution since the purchase is not yet closed.

The Industry Advisor, Mikel Jáuregui, has welcomed the fact that the Spanish Government has found formulas to eliminate the investment constraints imposed at the time of Rajoy, while appreciating the fact that investment growth is largely aimed at the industry.

According to the proposal, access to the new consumer transport network will be 14 times greater, up to 27.7 gigawatts (GW), of particular importance to industry (9 GW), green hydrogen (13.1 GW) and data centres (3.8 GW). Applications for more than 150 GW photovoltaic, 60 GW wind and 100 GW storage have been registered.

In the absence of the 'last picture' of the tariff map, the Basque Government estimates that ACV exports to the US could cost an extra EUR 349 million, while sales could fall by around EUR 700 million, with GDP falling by 0.33%.

LAB says they have a meeting with the management of the company next Tuesday, day 9, but the committee has called for the immediate suspension of the collective dismissal procedure. For the time being, it is unknown how many of the 151 workers would be affected. 

First Governing Council 2024. Stock Photo: Europa Press

The group of factories in Sestao, Basauri, Legutiano, Salvatierra, Olaberria, Bergara, Berrioplano, Legasa and Lesaka has published a report for the second quarter of 2005.

Talgo shares have risen by about 3% on the Madrid stock exchange this morning, but the subsequent rise has moderated to 2.83%, with the price of each stock at 3.09. 

The Basque Government considers the agreement to be 'bittersweet' because it will cost Basque export companies an extra EUR 350 million. European stock exchanges have woken up with an increase of around 1%. 

The Basque Government's Industry Advisor, Mikel Jauregi, has explained in statements to EiTB that the agreement has both positive and negative aspects. He believes that "a tariff agreement is better than a trade war" and has said that it is positive to reduce car tariffs from 25% to 15% and, in general, to put an end to a period of uncertainty.

The President of the European Commission has closed his meeting with Trump following a "good" phone call, and the European Commission has explained that both leaders will discuss "trade relations and ways to strengthen them."