Chinese put two of Cifial’s factories

The Chinese Kinlong Hardware Products will relocate all operations of Cifial, a manufacturer of taps and ceramics, in a single industrial center, where it is investing in new equipment, process efficiency and new products.

The information is advanced on the 18th of July by real estate consultants Cushman & Wakefield and Savills, who were mandated by the group to sell the other two poles of the century-old manufacturer in Santa Maria da Feira and Santa Comba Dão, in the district of Viseu.

The Cifial, based in Rio Meão (Santa Maria da Feira), was bought in 2012 by the ECS Capital recovery fund from Ludgero Marques, former president of the Portuguese Business Association (AEP). After a restructuring process, the company was eventually sold to the Chinese group Kinlong in the last quarter of 2019.

(Source: Sapo)