Lisbon, Portugal, 02 Dec – The consortium made up of Portuguese electro-mechanical engineering company Efacec and two Brazilian partners has won the concession to build the second stage of construction of the new Continental tire factory in Brazil, the Portuguese company said Friday.
According to Efacec this concession will net the three consortium partners another part of the total 260 million euros to be invested in continental’s new unit.
Efacec’s Brazilian subsidiary, Efacec Sistemas do Brasil, presented its proposal together with Cegelec Brasil and Ceri Engenharia, the consortium that had already won the first part of the tender.
The new phase includes the installation of the part of the factory that will produce cargo tires.
Efacec is present in the Southern Asian market via its representation offices in China, India, Singapore and Malaysia, among other countries.
Together with Chinese partners, Efacec had a transformer factory in China but abandoned the project in 2001 due to a lack of profitability.
In the first three quarters of 2005, Efacec’s net profit had grown 33% to 4.6 million euros. (macauhub)