# TMG Automotive invests EUR 45.5M in new automotive textile production line

TMG – Têxtil Manuel Gonçalves is investing EUR 45.5 million in a new production line for automotive textiles in Vila Nova de Famalicão, Portugal. The new line will produce five million square meters of coated textiles, creating at least 160 jobs, and is expected to start production in January 2018.

- Type: Expansion
- Announced: 2017-08-01
- Where: Vila Nova de Famalicão, Portugal, Portugal
- Value: $53.5M (45.5M EUR)
- Jobs: 160
- Starts operating: Jan 2018
- Status: under construction
- Capacity: 5 million square meters per year
- Products: coated automotive textiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [TMG Automotive](https://endata.com/companies/25990.md)
- [TMG – Têxtil Manuel Gonçalves](https://endata.com/companies/25991.md) (investor)

## Sources

- [afia.pt](https://afia.pt/textil-manuel-goncalves-vai-reforcar-producao-para-o-setor-automovel/), 2017-08-01: "Em Famalicão, vamos produzir cinco milhões de metros quadrados com uma nova linha de recobrimento."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.