On July 2016, in the presence of many partners, the GMD group received the Prime Minister of Portugal, Mr Antonio COSTA as well as Mr José Maria COSTA Mayor of Viana do Castelo. As part of the “Time Capsule” celebration, they visited the new Portuguese plant construction site of the Plastic Systems Branch.
The factory, which the construction started few weeks in May 2016 will be deliver to GMD in December 2016. The plant will be able to integrate around twenty new plastic injection machines from 200 up to 2700 tons. Built in two different phases, this Eurostyle Systems production unit could reach a turnover of 15 M€ in 2020 with 100 employees. The total amount of investment is 18 M€
Among the first customer market, Eurostyle Systems Portugal had been awarded for the supply of interiors and exteriors plastic systems for new PCA utility vehicle that will be produced in 2018 in Vigo and Mangualde. The plant will also export automotive components for Renault factories in Spain.
This Iberian market entry enables Eurostyle Systems to strengthen its strategic position within the frame of its international growth plan called “Expansion 400”
Created in 1986, the GMD Group realizes a turnover of 750 M€ and has more than 4800 employees in 31 sites worldwide. The Plastic Systems Branch employs a staff of 1400 in 11 production units and 4 technical centers with an expected turnover of 250 M€ in 2016.