AICEP approves €300 million industrial investment package for four companies

Portugal’s overseas investment bureau AICEP has approved a €300 million package to support four companies – Coloplast, Biotek, Presh and Testo, creating 152 new jobs and securing the continuation of 1,200 others, of which 227 are qualified.

“These investments show that Portugal continues to be seen by investors as a safe haven, and that companies that have set up in the country are committed to creating more jobs, part of which are qualified. It also means that 2025 will be a year of resilience, despite the potential knocks from a challenging international geo-political and international trade scenario”, emphasises the Minister of the Economy, Pedro Reis, quoted by Jornal de Negócios.

The Danish multinational Coloplast (medical devices), which is investing €110 million in Felgueiras, has already begun hiring to achieve a total workforce of 800 by 2028.

The German company Testo chose Albergaria-a-Velha to set up a new factory that will produce portable medical equipment, expecting to create 500 new job posts in the region.

Biotek, which processes cellulose fibres from eucalyptus trees into paper for domestic use and printing and writing paper – Altri, which doubled its profits in 2024 to €107.2 million has a share in the company – is investing €75 million on a production line in Vila Velha de Ródão.

Presh Portugal is investing €72 million in expanding its car components and accessories factory in Trofa.