Spanish auto components maker Ficosa International just completed the expansion and upgrade of its Ficocables cable harness plant in Maia near Porto in northern Portugal.
Viladecavalls, Barcelona-based Ficosa invested around €5m in the project which saw the construction of a new 7,800m2 plant building on the production and research and development site.
This includes extra operating space for engineering shops, technical offices and laboratories to enhance the site's capacity and technology as well as efficiency and competitiveness.
Expansion work at the site, which specialises in developing and manufacturing cable products for car seating and doors, finished late last year. The new facility is set to be fully operating by mid-January 2019, the firm said.
The Ficocables plant, established in 1972, was Ficosa's first operation to be set up outside Spain. Since then, it has grown steadily to supply leading vehicle manufacturers and, prior to the expansion employed 1,400 in a 17,000m2 facility.
“The decision to strengthen the Ficocables plant ...... is based not only on our desire to boost its efficiency and production capacity to better meet the needs of the European market, but also to better serve our customers and offer a better future for everyone in our team,” commented Ficosa's Portuguese business manager Costa Pereira.
Tier-one global auto parts supplier Ficosa, already a specialist in front and rear view mirror development, is working closely with its new Japanese majority shareholder Panasonic on mass producing camera-aided electronic rear view mirrors.
Now a separate Panasonic division, Ficosa employs more than 10,500 worldwide at plants, commercial offices and research centres in 19 European, Asian, North and South American and African countries. In 2017, the group recorded annual sales worth more than €1.21 billion.