# ITP Aero to open new €14.2M aerospace components plant in Derio, Spain

ITP Aero is building a new plant in Derio, Biscay, near its Zamudio headquarters, for Externals components, including aeronautic tubes. The plant is planned to open by late spring 2019 and will host 160 employees, including 60 new hires.

- Type: New facility
- Announced: 2018-09-19
- Where: Derio, Biscay, Spain
- Value: $16.6M (14.2M EUR)
- Jobs: 60
- Status: announced
- Products: aeronautic tubes, Externals components, special fabrications
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [ITP Aero](https://endata.com/companies/3897.md)

## Sources

- [itpaero.com](https://www.itpaero.com/en/new-itp-aero-plant-in-biscay/), 2018-09-19: "The new plant will be functioning by late spring 2019 and it entails an investment of 14.2 million euros."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.