# Fricon to invest EUR 6M in new industrial area in Vila do Conde, doubling production

Refrigeration equipment maker Fricon will invest EUR 6 million in a new industrial area in Vila do Conde, Portugal, to double manufacturing. The expansion follows entry into eight African countries and sales growth to EUR 26 million.

- Type: Expansion
- Announced: 2021-04-08
- Where: Vila do Conde, Portugal
- Value: $7.10M (6.00M EUR)
- Status: announced
- Capacity: doubles production
- Products: supermarket refrigeration equipment, food and beverage refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Fricon](https://endata.com/companies/7826.md)

## Sources

- [jornaldenegocios.pt](https://www.jornaldenegocios.pt/empresas/detalhe/fricon-descongela-africa--e-dobra-fabrico-em-vila-do-conde), 2021-04-08: "A produtora de equipamentos de frio para supermercados vai investir seis milhões de euros numa nova área industrial."

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