Novembro 26 21
Industry

T

FALCÃO WITH 1.1 MILLION INVESTMENT IN PORTUGAL 2030

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.

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