The Sotecnisol Group, which employs 650 people and has annual revenue of 70 million, has opened a branch in Paris, plans to expand its presence in Spain, and has established a new company to operate in the industrial flooring sector.
Founded in Lisbon in 1970, the The Sotecnisol Group operates in the construction, environment and energy, water, and agribusiness sectors. It comprises 24 companies, employs 650 people, and has annual revenue of 70 million euros. This year, it will invest two million euros to to accelerate international expansion and invest in new business units.
At the start of the year, the group began operations in France and opened a branch in Paris specializing in waterproofing and facade cladding. “It's an important area that we'll be starting in Paris, but we're also exploring tunnel waterproofing outside [the capital]. Mainly in n”In the south of France, there are many tunnels being built, and we want to win contracts in this sector.", says José Luís Castro, CEO of the Sotecnisol Group. In addition to Spain and France, the company has a subsidiary in Norway that specializes in tunnel waterproofing.
In remarks to ECO/Local Online, the manager also said that Sotecnisol will strengthen its presence in Spain. It currently operates in Madrid and Barcelona, and plans to expand its operations to other Spanish cities. “Our business in Spain is more diversified, and we operate in the areas of roof and tunnel waterproofing, facade cladding, and photovoltaics,” explains José Luís Castro. In addition to Portugal, Spain, France, and Norway, the group has a presence in Angola, Mozambique, and Algeria.
On the other hand, He recently founded Proflooring, a company that specializes in industrial flooring. “”We already have a team ready to take on large-scale projects. We’ll start in Portugal and then expand our operations to other countries where we already have a presence," says José Luís Castro, who holds a degree in Business Administration from the University Institute of Lisbon.
Also on the agenda is the expansion of the truck fleet “to increase the capacity for distributing construction materials,”, explains the CEO, who took the helm of the company in 1996. The Sotecnisol Group will purchase four trucks, two of which are equipped with cranes.
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