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La Voz de Andalucía

Andalucía's Top 10 Foreign Subsidiaries: Atlantic Copper Leads in Revenue

The region ranks third in Spain for international companies, though with lower average revenue.

Generic image of an industrial park in Andalucía.
IA

Generic image of an industrial park in Andalucía.

Andalucía ranks as Spain's third autonomous community with the most foreign-owned subsidiaries, totaling 2,822 companies employing 38,000 people and generating nearly €15.8 billion in revenue.

The autonomous community of Andalucía has secured the third position nationally for the number of subsidiaries of companies with international capital, registering a total of 2,822 firms. These companies employ approximately 38,000 individuals and generate revenue close to 15.8 billion euros, according to data from Informa D&B.
The ranking of the ten largest foreign subsidiaries in Andalucía is led by Atlantic Copper, based in Huelva, which reports revenues of 2.597 billion euros. This company, with US capital participation and focused on copper production, doubles the revenue of the second-ranked firm, Peninsula Petroleum, a fuel intermediary headquartered in Cádiz and controlled from the United Kingdom, which records business of 1.184 billion euros.
The podium is completed by Heineken España, a Dutch subsidiary located in Seville, a leader in beer manufacturing with 1.035 billion euros. Following them in the top 5 are Sovena, of Portuguese capital specializing in olive oil (966 million euros), and Valeo, a French automotive components group with its headquarters in the province of Jaén (885 million euros).
The rest of the top 10 includes Pernod Ricard (beverages, Málaga, 468 million), Siderúrgica Sevillana (steel, controlled from Luxembourg, 436 million), Brenntag Química (chemical products, Seville, 373 million), Medgaz (Algerian capital, Almería, 308 million), and Atalaya Riotinto Minera (British origin, Huelva, 302 million).
Nationally, Spain hosts 25,310 foreign subsidiaries. While representing only 1.9% of active companies, they generate 19.26% of the country's total revenue (over 504 billion euros) and employ more than 1.2 million people. The average revenue per foreign company stands at 19.9 million euros, compared to 1.62 million for purely national companies.
Madrid (39.64%) and Catalonia (25.21%) concentrate nearly two-thirds of these subsidiaries. Andalucía, despite its third-place ranking in the number of establishments, contributes only 3.13% of the total revenue from foreign subsidiaries in Spain. This indicates that the region attracts a significant volume of business units, but not the largest ones, falling behind other regions like Aragón, Castilla y León, Basque Country, or Valencian Community in terms of the economic weight of foreign investment.

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