Iraeta Chairman Invited to Attend Exchange Event During Spanish Prime Minister’s Visit to China

On April 15, during the official visit of Spanish Prime Minister Pedro Sánchez to China, the Ministry of Commerce of China and Spain’s Ministry of Economy, Trade and Business jointly held the China–Spain Innovative Enterprises Exchange in Beijing.

Prime Minister Pedro Sánchez and Chinese Minister of Commerce Wang Wentao attended the event and delivered remarks. Yao Jing, Chinese Ambassador to Spain, was also present. Niu Yugang, Chairman of Iraeta Energy Equipment Co., Ltd., was invited to attend as a representative of the clean energy equipment sector and participated in in-depth discussions with Chinese and Spanish business representatives on technology R&D and investment cooperation.

Niu Yugang, Chairman of Iraeta, invited to attend the China–Spain Innovative Enterprises Exchange

Group photo of the China–Spain Innovative Enterprises Exchange

Prime Minister Sánchez (center) poses for a photo with Niu Yugang (right), Chairman of Iraeta, and Antonio (left), CEO of Gestamp Asia-Pacific

Prime Minister Sánchez (left) poses for a photo with Niu Yugang (right), Chairman of Iraeta

Yao Jing (left), Chinese Ambassador to Spain, poses for a photo with Niu Yugang (right), Chairman of Iraeta, and Antonio (center), CEO of Gestamp Asia-Pacific

As a China–Spain joint venture, Iraeta has long regarded itself as both a participant in and a witness to the deepening economic and trade relations between the two countries. As noted by Prime Minister Sánchez at the event, China–Spain relations are currently at “their best in history.” Iraeta has benefited from close cooperation between the two nations in trade, investment, and industrial manufacturing, and has consistently adhered to an innovation-driven approach while exploring new models through industrial chain integration.

The invitation to participate in this event not only reflects recognition of Iraeta’s past achievements, but also fully affirms the company’s role as a China–Spain joint venture in promoting industrial collaboration in the energy sector between the two countries.

In 2019, Alberto Carnero, then Spanish Ambassador to China, visited Iraeta

In 2023, Rafael Dezcallar, then Spanish Ambassador to China, attended the unveiling ceremony of Iraeta’s “China–Spain Clean Energy and Offshore Engineering Equipment Innovation Demonstration Base”

In 2025, Marta Betanzos, Spanish Ambassador to China, visited Iraeta and attended the launch ceremony of the Ultra-Large Equipment Core Components Division

After the event, Chairman Niu Yugang stated that the emphasis on “deepening industrial chain integration” was highly inspiring. In recent years, under the strategic guidance of both countries’ leadership, China–Spain cooperation has shown increasing resilience. In particular, as China enters the initial stage of its 15th Five-Year Plan in 2026, the country’s commitment to expanding high-level opening-up has provided strong confidence for companies like Iraeta with a China–Spain joint venture background.

There remains broad potential for cooperation in areas such as clean energy and high-end equipment manufacturing.

Iraeta’s facility in Spain

As a China–Spain Clean Energy and Offshore Engineering Equipment Innovation Demonstration Base, Iraeta will continue to leverage its industrial presence in both China and Spain, further deepen supply chain integration, and strive to develop more landmark projects in the new energy equipment sector, contributing to mutually beneficial economic cooperation between the two countries.