# ITP Aero opens new factory in Derio, Spain, plans to expand workforce

ITP Aero has inaugurated a new factory in Derio, Bizkaia, Spain, with an investment of €14 million. The plant started with 115 employees and plans to increase to 160 workers due to higher demand for aerospace components.

- Type: New facility
- Announced: 2019-11-13
- Where: Derio, Bizkaia, Spain
- Value: $15.4M (14.0M EUR)
- Jobs: 160
- Starts operating: 13 Nov 2019
- Status: completed
- Products: external components for aircraft engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [cincodias.elpais.com](https://cincodias.elpais.com/cincodias/2019/11/13/companias/1573649985_479111.html), 2019-11-13: "ITP Aero ya tiene planes de ampliación para la nueva fábrica de componentes externals que ha inaugurado este miércoles en Derio."

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