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In 2019, Gierlings Velpor will conclude an investment of 2.5 million euros in equipment which will allow the company to almost double its sales.
In 2020, the firm’s sales are expected to reach 16 million euros. The company, which employs 130 workers, plans to close this year with a turnover of nine million euros.
The exponential growth in sales is based on the decision of the Swiss group Lantal (which took control of Gierlings Velpor two years ago) to centre all its public transport seats’ fabric production in the Santo Tirso’s plant.