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Citic Group Announces Major Expansion Plans for Galicia Operations

Following Xi Guohua’s visit, Citic commits to elevate Censa’s status, expand its O Porriño plant, and explore broader investments in strategic sectors.

La reunión entre Rueda y directivos de Citic Group, entre ellos Xi Guohua, situado frente al presidente de la Xunta.
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Overview

  • Xi Guohua, president of Citic Group, met with Galician leaders and Citic HIC Gándara Censa officials during his visit to Vigo and O Porriño.
  • Citic plans to elevate Censa within its heavy-industries division, appointing Juan José Agulla as the new leader of the subsidiary.
  • The company will expand the O Porriño plant and evaluate investment opportunities in Galicia’s technology park and logistics platforms.
  • Discussions with regional ministries will focus on collaboration in financial services, high-tech industries, new materials, and sustainable urban solutions.
  • Citic’s decade-long investment in Galicia exceeds €110 million, reflecting its strategy to strengthen its European presence amid global supply chain shifts.