The Falcão group is preparing an investment project of more than 1.1 million euros within the scope of the Portugal 2030 investment program. António Falcão, the group’s CEO, told T that the group’s intention is to increase its productive capacity.
The new investment is part of Falcão’s reindustrialization strategy, which became a reality during the pandemic. In fact, in recent months, the group stopped working only as a trader to become a manufacturer and trader.
In recent months, Falcão has invested around half a million euros – 250,000 in Falcão and an identical amount in Fitexar, the group’s two companies – to follow this strategy. “Children’s underwear and lingerie are our core business, but with the pandemic, we became less a trading company that buys and sells, and more an industry”, says António Falcão. These investments were made using equity capital.
The group earned around 11 million euros in 2020, a little less than the 12 million achieved last year. However, stresses the group’s CEO, the decrease poses no serious difficulties to the Falcão group.