Manufacturing

Portugal’s Industrial Production suffered a fall of 5.5% after having seen a 1.5% increase in February according to data released by the National Statistics Institute (INE). Excluding the energy [...]

Profits posted by Portuguese textile company Riopele were up 15.7% to €5 million for 2024 compared to 2023 with consolidated sales increasing 1% to €98.5 million according to the news agency [...]

International Paper’s packaging factory Cartovar in Ovar looks set to be acquired by the German group Palm together with four other assets that the US company agreed to sell in order to get [...]

Portugal’s textile company TMG – Acabamantos Têxteis (TMG Group), the UK’s RTS Textiles Ltd (RTS) and Pakistan’s Sapphire Textile Mills (STM) have merged in a “strategic merger” under the [...]

Hundreds of million euros of incentives had to be provided to Volkswagen to convince the German manufacturer to produce its new electric low-cost vehicle at its Autoeuropa plant in Palmela. Under [...]

Volkswagen has chosen Portugal’s Autoeuropa factory to produce its recently-presented VW iD.Every 1 – a compact electric city car which will sell for a starting price of €20,000. The [...]

Portugal’s vehicles market fell 5.4% in the first two months of the year, with around 40,000 new vehicles put on the road, according to data from the Automobile Association of Portugal. (ACAP) By [...]

Most sectors of Portugal’s industrial economy were almost stagnant in 2024 after recording losses in 2023. According to data released by the National Statistics Institute last week, the gross [...]

In January the senior management of Tupperware Lusitania went to New York in a bid to save the factory and its jobs following the sale of the US Tupperware business to a group of creditors [...]

Shares in the multinational car manufacturer Stellantis tanked on Monday on the Milan, Paris and New York stock markets after its CEO, Carlos Tavares resigned. The group, which manufactures [...]