The first phase of construction of the Wuhan Industries factory, owned by the Portuguese subsidiary of Chinese group Wuhan Zhongye, will be concluded in June 2015, said the subsidiary’s chief executive Carlos Teixeira.
Last May Portugal’s deputy Prime Minister Paulo Portas, announced investments of 184 million euros by 12 companies and noted that metal mould and coatings group Wuhan Zhongye, was responsible for the second-largest investment.
The CEO of Wuhan Industries told Portuguese news agency Lusa that investment in the factory totalled around 27 million euros and added that the unit would operate as a Mould Advanced Service Centre (MASC).
Teixeira said that the company currently exports “only to Brazil and Spain” in small amounts and that the aim was in future to export to “the whole of Europe and Latin America.”
The main business of Wuhan Industries, which has been in Portugal since 2011 in Oliveira de Azeméis, is selling steel and providing services to the mould and metal-mechanics industry in general. (macauhub/PT/CN)