# TMG Automotive invests €45.5M in new production unit in Famalicão

TMG Automotive is investing €45.5 million in a new production unit in Famalicão, Portugal, to meet a new contract with Mercedes through 2026 and rising demand. The unit will start operating in January 2018, with capacity to produce 10 million meters per year.

- Type: Expansion
- Announced: 2017-10-02
- Where: Famalicão, Portugal, Portugal
- Value: $53.5M (45.5M EUR)
- Jobs: 169
- Starts operating: Jan 2018
- Status: under construction
- Capacity: 10 million meters per year
- Products: PVC-coated automotive textiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TMG Automotive](https://endata.com/companies/25990.md)

## Sources

- [portugaltextil.com](https://portugaltextil.com/tmg-automotive-aumenta-producao/), 2017-10-02: "A TMG Automotive está a investir 45,5 milhões de euros numa nova unidade de produção nas míticas instalações do grupo empresarial em Famalicão, que deverá começar a laborar em janeiro do próximo ano."

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