Carolina España visits TORSA Global and outlines the potential of technology companies to boost economic development in Andalusia

  • The Minister of Economy, Finance, and European Funds applauds “the momentum of the Málaga-based firm,” a referent in the design and manufacturing of products for heavy industry, mining, logistics, and pharmaceuticals, “one hundred percent Andalusian.”

The Minister of Economy, Finance, and European Funds, Carolina España, visited the facilities of the company TORSA Global, located in Málaga TechPark. It is a company, rooted in Málaga, specialized in the design and manufacturing of high-level technological products. During her visit, España highlighted the momentum that the Andalusian firm has achieved in its nearly 30 years of existence, becoming “a referent in the design and manufacturing of high-level technological products for sectors such as heavy industry, logistics, mining, or the pharmaceutical industry.”

The minister met with the founder and current president of the TORSA Global Group, Mariano Barroso Flores, as well as with the company’s CEO, Mariano Barroso Pidal, and the CEO of TORSA R&D, Raúl Santana, accompanied by the general director of Málaga TechPark, Felipe Romera, and the territorial delegate of Economy, Finance, and European Funds in Málaga, Carlos García.

In this meeting, the company’s representatives presented to the minister the progress and plans of the company in the medium and long term, emphasizing that they develop both proprietary products and products on demand and in collaboration with their clients, rooted in their operations base, located in the Málaga technopolis. “Everything is designed and manufactured in this headquarters of Málaga TechPark, including hardware, software, and firmware, so it is one hundred percent Andalusian technology,” they pointed out.

España underlined the importance of “taking advantage of the potential of technology companies, which, along with the renewable energy sector, represent an opportunity to continue diversifying and boosting the Andalusian economy,” added to the specific weight of industries such as tourism or agri-food for our community. During her visit to TORSA Global, the Minister of Economy, Finance, and European Funds recalled “the strong conviction of the Junta de Andalucía to work hand in hand with companies.”

In this regard, she noted the importance of public-private collaboration, “which is part of the DNA of the Government of Juanma Moreno,” while highlighting the relevance of Andalucía TRADE, as “a one-stop-shop for entrepreneurs, SMEs, and freelancers” and “a driving force for the transformation and economic development of our land.” In this sense, she recalled that the Ministry of Economy, Finance, and European Funds has already published the drafts of the regulatory bases for the first lines of incentives for companies, which will be managed by Andalucía TRADE. Specifically, there are three lines for industrial development and one for business R&D&i, with a total amount of 276.7 million euros, which will be available to companies as of May. These are, indeed, the first lines of the first package of aids and incentives that Andalucía TRADE will manage, of a total of 348.9 million euros.

The minister pointed out that “companies are strategic allies of the Government of Juanma Moreno, and the best way to help them is by promoting their development and growth and supporting them to develop research and investment projects in technology.”

TORSA was founded in 1995 as a family corporation created to group the activities in wind farms, photovoltaic plants, and biomass energy businesses, all in Andalusia, in which its founder and current group president was involved. The company, headquartered in the Technology Park of Andalusia – Málaga TechPark – develops both proprietary products and products on demand and in collaboration with its clients. Currently, it has a workforce of around fifty people (including those working at the Spain headquarters and the rest of the branches abroad), and its turnover in 2023 was around 5 million euros.

The minister stated that “the Junta de Andalucía will continue working to boost the technology and renewable sectors, which have already become key to our economy.”