Agreement of state incentives, worth 12.7 million euros, will be signed on Thursday with Continental Mabor.
the government today signed a contract to expand the plant of Continental Mabor in Famalicão and create more than 125 jobs. The project had already been approved by the Executive on 16 June. Now the subscription is materialized with the German company, the fourth largest exporter in Portugal.
The investment will be 50 million euros, of which 12.7 million will thus be paid by European funds, as elsewhere, more difficult to quantify, will have tax incentives.
in the TSF, Manuel Caldeira Cabral, Minister of Economy, said the aim is to export tires for agriculture.
The minister speaks in a reliable sign of a German company in the Portuguese economy.
The tire Famalicão factory of Continental Mabor already employs 1,750 people today. The idea with this expansion for agricultural tires, is exported to Europe and America.
Another goal of the company is to create a research center aimed specifically at the development of agricultural tires.
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