The London Stock Exchange says that Polopique is among Europe’s most dynamic and fastest growing companies. A thousand companies to inspire Europe, that’s how it’s called the list that includes ten Portuguese SMEs and is presented annually by the London Stock Exchange.
With an annual turnover of more than 110 million euros, Polopique – in the photo, the CEO Luís Guimarães (left) with the mayor of Guimarães and the city councilman for the Economy during a visit to the factory – is one of the main references in the Portuguese textile sector and one of the country’s rare complete vertical units. It has a daily production capacity of more than 100 thousand pieces and exports almost 100% of its production. Numbers that don’t stop growing.
Based in Vizela, in 2018 Polopique invested more than 10 million euro in the recovery of an old factory in Moreira de Cónegos, creating another spinning unit that reinforces the company’s empire, which started in the 1990s with only half a dozen employees. Nowadays, it has more than 1000 and has its business strategy recognized by the London Stock Exchange.
Polopique is the Portuguese textile industry’s only representative among the 10 SMEs that inspire Europe (last year the honour was awarded to Parfois) in a list that includes Simoldes Plastics, Sogrape Vinhos, Perfumes & Companhia, Nabeiro Group, Riberalves, Pestana Hotel, Cerealis, Couro Azul and Egeo.