Metalogalva, a renowned Portuguese engineering and steel manufacturing company specializing in the photovoltaic industry, is set to inaugurate its inaugural factory in the United States this week. The company plans to invest €6 million in the new facility, situated in Memphis, Tennessee. With an estimated revenue of €80 million projected for 2024, Metalogalva's venture into the American market holds significant promise.
The primary purpose of this new plant will be to serve as a manufacturing and distribution hub for MSS Steel Tubes, a subsidiary of Metalogalva's partner company, MSS Steel Tubes USA. The latter entity specializes in producing components for solar panel manufacturers. By establishing this strategic presence in the United States, Metalogalva aims to further expand its operations and capitalize on the growing demand for sustainable energy solutions.
Metalogalva's decision to establish a manufacturing facility in the United States reflects the company's commitment to international growth and market diversification. Founded in 1971, Metalogalva – Irmãos Silvas holds the distinction of being the oldest company within the VigentGroup. With a presence in 15 countries, including Portugal, Spain, France, Germany, Poland, Belgium, Britain, Algeria, Ukraine, Senegal, Brazil, Canada, Angola, and Saudi Arabia, Metalogalva boasts an extensive global footprint.
Currently operating 16 industrial units across Germany, Saudi Arabia, Brazil, France, Ukraine, Angola, Poland, Portugal, and now the United States, Metalogalva has positioned itself as a key player in the industry. With annual revenues amounting to €147 million, the company's commitment to excellence and innovation has been instrumental in its sustained success.
The inauguration of Metalogalva's factory in the United States marks a significant milestone for the company and showcases its dedication to meeting the increasing demand for sustainable energy solutions in the American market. With the potential to generate numerous employment opportunities, the new facility in Memphis is poised to contribute to the local economy while solidifying Metalogalva's position as a leading player in the global photovoltaic industry.
