Injex invests €500,000 in internationalisation
A Portuguese car component company from Famalicão has invested €500,000 to expand and digitalise its production.
Injex, a company that makes mould poured plastic components produces logos for Jaguar, Mercedes, Volvo, Renault and Peugeot for overseas markets.
The famous Mercedes three-point star logo is just one of 2 million logotypes that Injex produces on an annual basis.
The company is about to “complete a €500,000 investment programme that will enable it to quadruple its exports” states Injex in a communiqué.
The aim is to up the more than 50 million mold injected plastic parts to 200 million parts and will extend its factory floor area (currently covering 750m2), modernising and extending its machine area while digitalising its production process.
The company, which was set up 16 years ago by José Pinheiro de Lacerda, is “acquiring a plastics bi-injection unit capable of producing high-shine serial production technology.”
Injex enjoyed a €1.2 million turnover in 2018 and sells to six countries with the help of EU funding. The current investment underway received co-financing of €257,000 from Compete 2020 – €65.570 to reduce its dependence on the national market, increase exports and €191,460 to increase its capacity to respond to the market.
In addition to car logos, the company also makes precision optical devices for Leica, electronic components for Vishay, Kitchen equipment for Gratta Housewares, coffee machines for Briel, locks and taps for Cifial and car seats for Coindu.