Salvador Caetano SA

Type
Business expansion
Country
Portugal
Region
Continente;
Location of affected unit(s)
Vila Nova de Gaia (district of Porto), Ovar (district of Aveiro)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
200 jobs
Number of planned job creations
Job creation
Announcement Date
1 August 2012
Employment effect (start)
1 January 2013
Foreseen end date
1 May 2013

Description

Salvador Caetano, SA, specialized in the manufacturing of aeronautical material, will create 200 jobs. The company will open a new plant to manufacture aeronautical material in partnership with Airbus Military, which will be operational until the end of 2012.

According to a source of the Ministry of Economy, the new plant will include a high-technology engineering unit in the municipality of Gaia, and a production line unit in Ovar, situated in the North and Center of Portugal, respectively.

The group Salvador Caetano is specialized in the vehicle assembly, components and distribution business.

Sources

  • 1 August 2012: Negócios
  • 1 August 2012: Público

Citation

Eurofound (2012), Salvador Caetano SA, Business expansion in Portugal, factsheet number 73956, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73956.