The Israel-based Netafim company, a world leader in drip irrigation technology, had opened a factory in the city of Valencia in eastern Spain in light of its growing activity in the country.
The factory will serve the company’s plan to expand in the markets of Portugal and North Africa as well.
Earlier this year, Netafim inaugurated factories in Brazil and Peru. Its total investment in new factories this year has reached $10 million.
Netafim was founded in 1965 in Kibbutz Hatzerim. More than 10 million hectares of farmland around the world are irrigated with the drip irrigation technology it developed.