|Traded as||(Euronext Lisbon: MAR )|
|Headquarters||Oliveira de Frades, Portugal|
|Carlos Martins, Chairman|
Jorge Martins, CEO
wind and solar energy
|Revenue||€ ~650 million (core activity - 2008)|
Number of employees
The company launched its first operations in 1990 in the metal structure industry. In 2004, it entered the renewables business, leveraging know-how from the metal construction operation to develop the energy equipment division.
In renewable energies, Martifer would like to become established as an integrated producer of turn-key solutions for the wind and solar segments. Furthermore, within renewable energies, Martifer operates as a promoter of electricity generation projects, with a portfolio of holdings in projects at different phases of development.
Martifer SGPS, SA is the Group’s holding company and has been listed on the Euronext Lisbon since June 2007. In 2008, its core activity operating revenues reached EUR 650 million. The main shareholder structure is made up of the founding partners, through I’M SGPS, S.A., and the Mota-Engil Group, both control approximately 80% of the company.
In June 2009, Martifer and Hirschfeld Wind Energy Solutions, a part of Hirschfeld Industries in Texas, United States, announced a Joint venture for the manufacture of wind towers and related components in the United States. The project cost was estimated to cost $40 million US dollars to build a new facility in San Angelo, Texas. Production was originally expected to reach a capacity of 400 towers a year by 2013. However, the operation was unable to compete effectively in the very difficult pricing environment for wind towers in the 2009-2011 time frame and the investment failed to reach its objectives. In July 18, 2012, Hirschfeld announced that it had acquired the remaining 50 percent of the joint venture from Martifer for a small cash payment, and as of 2014, had converted the plant to build steel bridge structures. The last wind tower was produced there in 2012.
History[edit | edit source]
The company was founded by two brothers, Carlos Martins and Jorge Martins in Oliveira de Frades, Central Portugal,. The enterprise has started with 18 employees. Today the group has worldwide 3,000 employees. Subsidiaries are in Spain (1999), Poland (2003), Romania (2005), Czech Republic (2005), Slovakia (2005), Germany (2005), Brazil (2006) and Angola (2006).
References[edit | edit source]
- Hirschfeld Industries press release June 19, 2009
- Waller, Matthew (July 19, 2012). "Martifer leaves wind tower plant: Hirschfeld buys out stake in company". San Angelo Standard Times. Retrieved July 19, 2012.
- "Martifer Out of Hirschfeld Joint Venture". State of the Division Blog. Retrieved July 19, 2012.
- Waller, M. "Martifer leaves wind tower plant". Power Engineering. PennWell. Retrieved July 19, 2012.
[edit | edit source]
This article "Martifer" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Martifer. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.