In a statement, VigentGroup advanced that the new US plant has 120 workers and will produce metal structures for the photovoltaic industry.
This week, Metalogalva, a Portuguese company specializing in steel engineering and protection, opened its first factory in the United States of America, in Memphis, Tennessee, with expected revenues of 80 million euros in that market in 2024.
In a statement, the company told VigentGroup that the new plant in the United States – with 120 workers and which will produce metal structures for the photovoltaic industry – “comes to strengthen the company’s bet in this geographical area, allowing to increase production and ensure an agile trade network and approximate logistics” in the main export market. .
“Commitment to this production unit is part of Metalogalva’s sustainable growth strategy, which achieved the best result ever in 2022, with consolidated revenue of €400 million and EBITDA. [resultados antes de impostos, juros, amortizações e depreciações] 50 million euros.” With the new unit in the US – an investment for an undisclosed value – Metalogalva now has two plants on the American continent, adding this one to the one in Brazil.
“The investments we have made at the international level reflect the ambition that characterizes our group, but also the awareness that we need to continuously invest in innovation and strengthen our portfolio, in order to ensure an effective response to the challenges of the market and the requirements of our customers,” says the CEO (Chief Executive Officer) of VigentGroup, quoted in the statement.
According to Sergio Silva, the new factory in the USA allows the group to “increase its position and participation in a sector with high potential that will certainly maintain an accelerated pace of growth in the future.” “At Metalogalva, we are always interested in the opportunities that arise in the various sectors and markets in which we operate, and we identify potential acquisitions that fit the strategy and objectives we have set,” he adds.
Metalogalva states that “in recent years, it has registered a continuous growth in its turnover, reflecting organic development and a series of acquisitions carried out in several markets”.
Recently, the company bought the French company Petitjean and the lighting division of the German Europoles, in both cases market leaders in their respective countries, jointly representing more than 700 employees and around 120 million euros in sales. He affirms that “the direct investment in the United States comes, in this sense, to enhance the international expansion of Metalogalva, and to increase the ability to respond on a global scale.”
After ending 2022 with record sales, Metalogalva estimates that it will reach a consolidated sales volume of €430m this year, on a global scale, with around 1,400 employees.
Founded in 1971, Metalogalva – Irmãos Silvas, SA is the oldest company of the VigentGroup, claiming national leadership in the field of engineering and steel protection and presenting itself as “one of the major European ‘players’ in the production of steel public light poles and other structures associated with the regions such as power transmission, renewable energy sources, communications, highways, railways, and hot-dip galvanizing.”
It is currently present in 15 countries (Portugal, Spain, France, Germany, Poland, Belgium, United Kingdom, Algeria, Ukraine, Senegal, Brazil, France, Canada, Angola and Saudi Arabia), and has 16 manufacturing units in Germany, Saudi Arabia, Brazil, France, Ukraine, Angola, Poland, Portugal and now in the United States.
VigentGroup, a Portuguese-capitalized business group operating in more than 15 countries, owns Metalogalva and Brasmar, a company that manufactures frozen seafood, processes and sells cod.
Currently, VigentGroup has more than 2,400 employees, and in 2022, it has recorded a total turnover of more than 770 million euros.
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