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Alcobre, Portugal’s historic cable maker, expanded amid a Chinese-backed revival that boosted profits, jobs, and high-voltage tech.
Alcobre, Portugal’s century-old cable maker, opened a new production unit to mark its 115th anniversary, part of a revitalization fueled by a 2016 Chinese investment from Hengtong Group.
The partnership has tripled revenue, more than doubled net profit, and enabled expansion into high-voltage markets through a new OPGW line.
Advanced automation and energy-efficient machinery have boosted productivity, while local employment rose 25% and plans call for nearly 100 new jobs by 2030.
Portuguese officials and China’s ambassador praised the investment for boosting economic growth, modernizing industry, and strengthening bilateral ties.
Alcobre, el histórico fabricante de cables de Portugal, se expandió en medio de un resurgimiento respaldado por China que impulsó las ganancias, los empleos y la tecnología de alta tensión.