Simoldes will build a new factory in Spain to supply the automotive industry, with the Oliveira de Azeméis group foreseeing a total investment of €45 million in this industrial project.
To be installed in Ólvega, in the province of Sória, belonging to the community of Castile and Leon, the first phase of this new factory will involve a €20 million investment and the creation of between 150 and 200 jobs.
This unit of Simoldes Plásticos – the group company dedicated to the injection of plastic parts, created in 1981 and currently managed by Domingos Pinto – will supply components for car factories located in Martorell (Barcelona), Pamplona and Zaragoza.
Stellantis (Citroën, Peugeot, DSAutomobiles, Opel), Renault Nissan Mitsubishi alliance, VW Group (Volkswagen, Audi, Porsche, Seat, Škoda), BMW, Toyota, Scania and Mercedes-Benz are the main clients of Simoldes Plásticos, which outside the automobile business supplies brands such as Amtrol-Alfa, Dorel, Cotesi, DS Smith, Bodum or Hexagon.
Scheduled to open before 2024, this will be the northern group’s third company in the neighbouring country and the 25th globally. The multinational founded in 1959 by António da Silva Rodrigues, one of the richest men in Portugal, is also a manufacturer of injection moulds, exports 95% of its production and has a direct presence in nine countries.
A dozen factories are located in Portugal, where it employs half of the group’s close to 6,500 employees. It will now have three in Spain, is currently building a second unit in Poland (in the city of Zory) and has others in France (2), Germany, Czech Republic (2), Morocco, Brazil (3) and Argentina.
In the plans of the group, which has a turnover of more than €800 million per year and has most of its sales based on the plastic injection component, there is also the industrial expansion of Simoldes Plásticos to other three new geographies – Romania, Mexico and the United States of America – to be completed within three years.