spain business network


9.1% Of Spanish Companies Improved Their Machinery Equipment In 2020

New machinery is one of the main tools for introducing R&D contributions to the productive processes. In Spain, for every company working with obsolete machinery there are 45 companies improving their production capacity. The phenomenon also occurs in the improvement of production facilities, although it is less intense. Seven percent of companies have recently modernized their workspace, compared to 0.4% operating in areas in poor condition, according to data from nearly 250,000 interviews carried out by Iberinform in 2020.