Portugal’s oldest cable manufacturer Alcobre celebrated its 115th anniversary and inaugurated a new production unit.
Founded in 1910, Alcobre mainly produces low-voltage cables and is one of the pillar enterprises in Ovar, a city in northern Portugal. In 2016, it was fully acquired by China’s Hengtong Group. Since then, with the injection of Chinese management and technology, the century-old factory has been revitalized.
According to Huang Chao, general manager of Hengtong Portugal, Alcobre’s operations have achieved continuous and steady growth since the acquisition: total revenue has tripled and net profit has more than doubled.
This year, the company also launched a new production line for OPGW (Optical Ground Wire), laying a foundation for its expansion into the medium- and high-voltage power market.
