Portugal's oldest cable manufacturer Alcobre celebrated its 115th anniversary and inaugurated a new production unit on Thursday.
Standing before the newly expanded facilities, Chief Operating Officer Carlos Granja was filled with emotion: "I have worked in this factory for more than 30 years, and I am grateful to Hengtong for bringing it new vitality."
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.
