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Discussion Starter · #1 ·
Port wine concerns about a fall from favour
Paul Symington, chairman of privately-held port shippers, the Symington Group, says "there are signs of a decline and concerns that Port wine is falling from favour" in our main markets. Sales of sherry he noted, declined from 14 to 6 million boxes over two decades. Port wine sales improved from 6 million to 10 million boxes over the same period but the beverages sector is "fragile and volatile". He said if government chose to overlook the latent crisis in the Douro Valley (the port wine region) and "close its eyes to reality", the area could face serious social crisis. He said the region was paying the price for “uncontrolled planting of new vines in the 80s and 90s. He called for tough measures. There should be a consolidation in the valley, through state incentives, to secure viable-sized production units and ensure equilibrium between land planted under vine and future likely demand for port. He said port wine shippers traded inefficiently in key markets (France, the Netherlands and Belgium account for 60% of sales) where port is regarded as an aperitif and marketing is price driven. Only 6% of all port wine shipped to France and the Netherlands are special added-value brands. On the other hand two-thirds of all sales in Canada and the US were Superior categories. In the UK the figure is 40%.


Low cost could boost revenues by €492 m
EasyJet – the low-cost operator - plans to fly 173,000 passengers to Lisbon and 615,000 to Faro by end 2006 according to Cristina Barnabé, EasyJet marketing manager for Portugal and Spain. The company has unveiled two new low-cost routes from Geneva and Basel to Lisbon. EasyJet says in the next five years it will open 12 new routes to Portugal covering the company’s six major European operational bases. According to Bernardo Trinidade, secretary of state for Tourism, these new routes could boost domestic tourism revenue over the next five years by some €492 million. Carlos Ornelas Monteiro deputy-chairman of the Lisbon Tourism Authority said the capital had signed a partnership agreement with EasyJet to invest €558,000 in promoting the capital as a tourism destination. Francisco Severino, director of Lisbon Airport said the facility had capacity to handle increased traffic and said current expansion work – due to be completed by 2009 – would provide capacity to handle 40 flights/hour at peak periods compared to the current 34 flights/hour .


Biotech Portugal aims to boost capacity
New biotechnology could be a path for international specialisation in Portugal if existing critical mass was restructured by district or region and joined up with Portugal's economic diplomacy efforts to secure rapid penetration of emerging new opportunities in Brazil and Mozambique. Brazil offering a highly-developed, fast-growing biotechnology sector, is of particular interest says the "Biotech Portugal 2005" report produced by INTELI. INTELI is a policy and intelligence centre involved in strategic studies in motor vehicle, aeronautics and other sectors. Among market opportunities is bio-combustion – ethanol as an alternative to petrol – and bio-diesel (replacing diesel) in Portuguese-speaking countries such as Brazil (distilled from sugar cane) and Mozambique (soya used to produce bio diesel).


Business Briefs:
Simoldes Group world leaders in precision plastic moulding for the motor industry, says 90% of its turnover now comes from exports, and has done so for more than a decade. Its anticipated turnover for year-end will be some €625 million of which more than €500 million from businesses in Poland, Romania, Brazil and Spain. Simoldes Group cross-border expansion has followed the opening of motor vehicle plants to which it is an accredited supplier, in various parts of the world usually where labour is cheap and location strategic................ :cheers: Isso e boas noticias para Portugal :cheers:
 

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Discussion Starter · #3 ·
Business Briefs:
Microsoft is to invest €50 million in Portugal in a research and development centre for natural speech technologies, which will create 50 highly qualified new jobs. The centre will focus on speech technologies for Portuguese and other languages. Until now Microsoft Corporation has concentrated research in this area at its head office in Redmond focused on languages such as English, Spanish, French, German and Chinese. João Paulo Girbal general manager Microsoft Portugal, said the Portuguese laboratory will be managed by Miguel Salles Dias, professor of ICT at the Higher Institute of Work Science and Companies (ISCTE). Investment will occur over a 5-year period. The new laboratory will be at Microsoft's Taguspark (Oeiras), offices. First products are due to come to market within 18 months.

Pestana Group is to spend €1 million establishing a direct sales network in the Spanish market from an office in Madrid. The group has launched a campaign to attract the 15 million Spanish high spenders it believes will buy the group’s 4-and 5-star accommodation in Portugal. By December 2006 Pestana anticipates selling 100,000 bed nights to its Spanish target market. By 2008, the third year of operations, the Madrid office expects to sell 140,000 bed nights, double the figure achieved at end 2005, through the group's pousadas and hotel network. José Roquette, a Pestana Group director, said the Portuguese hotel industry, had paid little attention to Spain. "We tend to regard the Spanish market as one which already knows us well whereas in truth it offers huge growth potential.







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São tudo novidades do passado. E poucas são realmente boas notícias para Portugal!
 

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é o mercado global.
 

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Discussion Starter · #7 ·
Mitsubishi's Abrantes factory (North) has been rolling out a new model since May and expects to produce 14,000 vehicles by the end of its 4th year of operation. Its 2006 target is 10,000 units, 18% up on 2005. Mitsubishi Trucks (controlled by DaimlerChrysler), is the only Mitsubishi plant in Europe making Canter Trucks, a heavy goods vehicle. The domestic market absorbs 2500 vehicles/year with the remainder exported. Spain, UK and France are among main customers.

Explorer l the largest Portuguese independent private equity firm has acquired a 7.5% stake in the Saprogal group, one of the largest animal feed manufacturers in Portugal and Spain. This is the fund’s third venture capital operation and total investment was €159 million, says Rodrigo Guimarães executive chairman of Explorer Investments, the venture capital company managing the fund. The investment was made in partnership with Mercapital, largest Spanish venture capital fund. Explorer Investments is 73% held by Rodrigo Guimarães, Elizabeth Rothfield and Marco Lebre and 27% by Caixanova, a Spanish savings bank based in Galicia and Cartera de Inversiones Lusitânia.
 

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Discussion Starter · #8 ·
Business Briefs:
Critical Software SA has been ranked 290th out of the top 300 European growth companies by “Europe’s 500 Entrepreneurs for Growth”, (a pan-European membership organisation gathering growth entrepreneurs -- fast-growing entrepreneurs or "gazelles"). Between 2001 and 2004 Critical Software reported an annual average job growth of 109% and overall average growth of 42% per year. The company located at Coimbra, has offices in Lisbon and subsidiaries in California and London. Critical Software provides solutions, services, and technologies for mission and business critical information systems.
 

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Discussion Starter · #9 ·
Lisbon Casino a cash cow
The new Lisbon Casino is likely to contribute €4 million a year to tourism promotion in the capital over the first 5 years of operation, says Mário Assis Ferreira, chairman of the operator, Estoril Sol. The casino at Parque das Nações (the former Expo 98 site) is a multi-use cultural centre for shows and tourism promotion. Mário Ferreira said the casino’s contribution to tourism-related projects in the Lisbon area is likely to exceed some €18-20 million annually depending on casino turnover. Asked if there were any concerns that the new Lisbon casino might overshadow the fame and fortunes of the Estoril Casino – oldest in Portugal – he said the issue had been carefully planned so as to ensure impact was residual and transitory. The new casino would be complementary to and not competitive with, existing facilities he said.
 

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Discussion Starter · #11 ·
For the first time the weight of insurance output to domestic GDP is approaching the European average says the Portuguese Insurance Institute (ISP). Earnings improvements have been driven by a life insurance boom. Life premiums now account for 60% of total market premiums. Non-life premium sales rose 4.1%. The growth and maturity of the domestic insurance market is reflected in the fact that for the first time insurance premiums now total 7.9% of GDP, approaching the European average of 8.6%.
 

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Discussion Starter · #15 ·
Vodafone centre of excellence set up

Vodafone Portugal is to establish a Centre of Excellence for developing electronic commerce and transactions with a start-up cost of €2 billion. Fernando Videira, director of the centre, said investment would depend essentially on the projects developed. Products and services emerging from the centre will be marketed domestically and abroad within two years from start-up. Vodafone Group chose Portugal because the country has innovation know-how in this area, and capacity for developing and supervising products related to micro-payment, pre-paid services, mobile retailing and transaction security.
 

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Discussion Starter · #16 ·
Advansa, a Turkish/British/Portuguese joint venture has signed a memorandum of understanding to build a €385 million plant at Sines Industrial Park (south west of Lisbon) to make PTA (Purified Terefhthalic Acid). PTA is used in manufacture of polyester products. Sines Industrial Park is run by PSA Singapore as part of the terminal operating concession on the container port.
 

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Discussion Starter · #18 ·
Suzlon Energy (India) one of the largest wind turbine manufacturers and suppliers of wind energy solutions in the world, is a partner in a 6th consortium set up to tender for wind energy licences in Portugal. Suzlon says it aims to set up a wind turbine manufacturing platform for the European market and to develop technology engineering concepts and design. The group is keen to penetrate southern European markets.
 

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Discussion Starter · #19 ·
Sky Aircraft Industries (France/Portugal) is to open a plant at Évora, (Alentejo) to build Skylander aircraft designed by Geci International, a French company. José Ernesto Oliveira, Évora mayor says €110 million is to be invested in the new plant creating 915 jobs and producing 900 aircraft over the next 15 years. The global market for this type of plane could absorb 3800 Skylander in the next 20 years.
 

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Discussion Starter · #20 ·
Business Briefs:
SRE - Soluções Racionais de Energia, is leading a R&D project to set up a Portuguese “technology platform for the hydrogen society”. SRE is the biggest company in Portugal making hydrogen fuel cells. Together with its partners, EDP-Energias de Portugal, Efacec, Autosil, and technology research labs INETI and INEGI, SRE plans to invest €8 million on a research project to advance hydrogen fuel cells as alternative energy technology.
 
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