The Unión Explosivos Río Tinto (ERT) was a Spanish business conglomerate that operated between 1970 and 1989, being present in many industries of the country. At the time, it was the main Spanish business group by size and assets, with a network of companies that included more than forty subsidiaries.
History
The ERT group, which started in 1970, was present in numerous sectors of the economy: mining,
metallurgy
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys.
Metallurgy encompasses both the ...
, chemical industry, petrochemical industry, explosives, etc. In its beginnings, it had a workforce made up of 14,000 employees, as well as a network of facilities, factories and production centers that extended throughout the country. Its name came from the historical
Rio Tinto Mines
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). It was founded in 1873 when a group of investors purchased a Rio Tinto Company Limited, mine complex on ...
, in the province of Huelva. During the 1970s, the Explosivos Río Tinto group undertook a business diversification that led to an increase of its presence in the real estate, pharmaceutical, petrochemical or publishing sectors. This was carried out through loans and significant indebtedness. In 1989, after many years of crisis due to financial problems, ERT was integrated into the holding
Ercros.
See also
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Compañía Española de Minas de Río Tinto
References
Bibliography
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{{Authority control
Chemical companies established in 1970
Chemical companies of Spain
Companies based in Madrid
1970 establishments in Spain