Friday, December 02, 2022

Revilla hopes the EU “wakes up and takes drastic measures” to avoid a “cascade of industrial shutdowns”

Cantabria’s president, Miguel ngel Revilla, has pointed out that the problem of rising energy prices is “global” and therefore an equally “global” solution should be adopted, because if not – he has warned – it will “continue with”. many companies” and “the case of FerroAtlantica is not going to be unique”.

Ferroatlántica For The Price Of Energy For Its Furnaces Indefinitely

Ferroatlántica for the price of energy for its furnaces indefinitely

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“We are going to wait to see if Europe wakes up from this situation and realizes that the entire competitiveness of European industry is at risk and in the case of the pandemic, some drastic measures will have to be taken in this matter. Avoid the cataract of industrial closure”, he said.

Responding to media questions following the decision of the Bou di Guarnizo factory to indefinitely close the furnaces due to rising energy costs, the chief executive warned that if measures were not taken to solve the problem. If done, it will continue with other companies, and in addition to recession and unemployment, it will generate “loss of competition” with respect to other countries.

As he states, the situation is global, although it basically affects Europe as a whole – Ukraine’s “great pagans of war” –, so it has to be resolved through some community agreement, because “this Something that escapes palliative decisions that we can take from an autonomous community or the government of Spain”.

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At this point, he referred to “partial” measures, such as 11.8 million euros in aid approved by the Cantabrian executive to support companies in the regions most affected by the Russian invasion, or by President Pedro Sánchez. It has been announced to reduce VAT on gas. at 5% since October, and which in his opinion is a “significant measure”.

He also mentioned the meeting that Industry Minister Reyes Marotto will hold this Friday with electro-intensive companies. In any case, regardless of the decision taken at that meeting, the leader of the PRC has insisted that the way out of the current situation is through agreements to be reached by “senior European institutions”, even That, as he pointed out, with the “participation” of the United States, in order to “agree, at a certain moment, to this war in Ukraine”.

“It is, from a medical point of view, a cancer that has only one therapy that should be taken at the level of large institutions. The rest is palliative care: trying to make the situation as severe as possible”, compared to Revilla, for which the solution ” It is to begin with decisions above individual governments, let alone an autonomous community”.

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It is therefore time, in the words of the Cantabrian president, “to wait for some measure” with which to “loosen” the “unstable” price of energy, because if it continues like this, “not the case for Ferroatlantica”. going to be the only one”, warned. And it is that apart from this company, which has closed its plants all over Spain, there are others who are in a similar situation because of the price of gas, which fundamentally affects industries like Electronegativ, which in Spain While in Cantabria, “we have a particularly harsh situation due to the number of companies with very high energy consumption.”

Revilla has stressed that Europe is the “key” to a possible way out of this situation, and has also emphasized that if global measures are not adopted, it could lead to “some doomsdays with enough data”. Some will even predict for a period of recession months during the coming year “. He made these statements while participating with the Minister of Public Works, José Luis Gochicoa and Industry, Javier López Marcano, at the start of the work on the new Viveda and Duález Road lamps.

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