EFACEC USA INC

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EFACEC USA INC
EFACEC.png
Founded 1948
Headquarters Matosinhos, Portugal
Industry Power, engineering, mobility
Area Served Portugal, Spain, Central Europe, United States, South America, Africa, Brasil and India
Key People Angelo Ramalho (Chairman & CEO)
Market Capital N/A
Annual Revenue $52.0 million(2023)
Operating Income $43.31 million(2023)
Net Income N/A
Total Assets $714.85 million(2023)
Total Equity N/A
Owners Angelo Ramalho

(as of Jun 2023)

Number of Employees 2400
Website https://www.efacec.pt/en/
Social Media Youtube, Linkedin
Notes Automated material handling solutions.



EFACEC USA INC.

Overview

Efacec is a trailblazer dedicated to influencing the future of energy, mobility, and sustainability. The company is well--known for its innovative products that have a global impact and is Portugal's leading supplier in the electrical and electromechanical sectors. At the heart of Efacec is innovation, which drives an unwavering commitment to research and development. Efacec has become a market leader thanks to its unique blend of management skill, technological flare, and engineering brilliance.

Efacec is synonymous with cutting-edge technology, boasting an impressive in-house development rate of 90%,. Operating across 80+ countries, the company has carved its niche in global recognition.

History

Picture the year 1948, a time when Efacec came into existence through the collaboration of Belgium's ACEC and Portugal's CUF. However, this wasn't where their story began. The roots trace back to 1905 when the Modern Mechanical Sawing Society took its first steps. Fast forward to 1948, a year that marked the onset of a new era. It was the result of significant stakeholders like Electro--Moderna, ACEC, CUF, and the visionary leadership of Antonio Ricca Gonçalves. Efacec was born, and the journey of the Efacec brand commenced.

1958 was a significant year, as ACEC acquired the majority share, a position that held strong even after Efacec made its debut on the stock exchange in 1969. The company experienced phenomenal growth between 1966 and 1973, expanding its manufacturing facilities 2.5 times and witnessing a six-fold surge in order demand.

In 1976, Efacec ventured into drive systems, a pivotal moment when they delivered Portugal's largest three-phase transformer, an astonishing feat considering its colossal weight of 450 tons. Financially, Efacec underwent a transformation, with revenues skyrocketing from 4 million escudos in 1981 to an impressive 237,753 million Euros in 1998.

In 1999, Manuel Gonçalves Textile (MGT) entered the scene, followed by the José de Mello Group (JMG) in 2000, reigniting the legacy of the CUF Group. The year 2003 marked a strategic shift for Efacec, with a reclassification of their activities into three vital domains Energy Solutions, Transport Solutions, and Engineering Services Solutions.

Fast forward to 2020, and Efacec's financial fortunes had been completely reversed, with profits of 4.3 million euros, a remarkable turnaround from previous losses of 20.5 million euros. In the same year, Efacec reported revenues of 431.5 million euros, with exports contributing significantly, representing 76% of the total revenue.

In August 2017, Efacec secured an international project to construct a subway in Odense, Denmark, underscoring their expertise in electromechanical elements. This project, valued at around 47 million euros, was a collaborative endeavor with COMSA and MUNCK, showcasing the breadth and depth of solutions offered by Efacec. It built upon their prior involvement in subway projects in Bergen, Norway, Dublin, Ireland, and Porto, Portugal, with the European market constituting half of their turnover.

October 2018 saw Efacec clinch a substantial tender for level crossings in Europe, launched by Trafikverket, the authority responsible for Sweden's railroad and road infrastructure. Efacec, in partnership with a local entity, secured a contract estimated at five million euros annually, becoming the most significant export contract in this segment for the company.

In February 2019, just a year after the inauguration of Efacec's Electric Mobility Unit, this segment had grown substantially, doubling its turnover to 36 million euros. It also expanded its workforce, tripled its production capacity for electric vehicle fast and ultra-fast chargers, and contributed 6% to Efacec's total activity at the beginning of 2019.

July 2020 brought a significant development as the Portuguese government temporarily nationalized 71.73% of EFACEC due to legal actions against Isabel dos Santos, the controlling shareholder, and the freezing of her assets in Portugal. The governments aim was to ensure the company's short-term viability, with eventual plans for reprivatization.

Products and Services

1. Transformers: Efacec's transformers are the backbone of the energy sector, ensuring efficient and reliable electricity supply for a multitude of applications.

2. High and Medium Voltage Switchgear: These solutions play a pivotal role in managing electrical power safely and efficiently, maintaining the integrity of power distribution networks.

3. Energy Servicing: Efacec's energy servicing portfolio offers maintenance, repair, and upgrades for power equipment, supporting the seamless operation of electrical infrastructure.

4. Automation: Efacec's automation solutions enhance industrial efficiency through advanced technology and control systems, contributing to process optimization.

5. Renewable Energy Solutions: Efacec leads the way in sustainable energy generation with innovative solar and wind power systems, promoting a greener and more sustainable future.

6. Electric Mobility Chargers: With the rise of electric vehicles, Efacec's fast and ultra-fast chargers provide convenient and rapid charging solutions, supporting the global shift toward cleaner transportation.Efacec's engineering expertise spans design, planning, and execution, ensuring the seamless and efficient realization of complex projects across diverse industries.

7. Engineering Services: Efacec's engineering expertise spans design, planning, and execution, ensuring the seamless and efficient realization of complex projects across diverse industries.

8. Environmental Solutions: Efacec is dedicated to environmental sustainability, providing solutions to help industries minimize their ecological footprint and adopt responsible and eco-friendly practices.

9. Transport and Logistics Services: Recognizing the critical role of transportation and logistics, Efacec offers services to streamline the movement of goods and people, contributing to efficient supply chains and transportation networks.


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Contact Information

Phone Number: +351 229 562 300

Email Address: sgps@efacec.pt

Headquarters: Arroteia - Apartado 1018, Matosinhos, Portugal 4466-952, PT

Official website: https://www.efacec.pt


Certifications & Compliance

1. ISO Certifications: Efacec has earned ISO certifications across different areas, including ISO 9001 for Quality Management Systems and ISO 14001 for Environmental Management Systems. these certifications attest to the companys dedication to maintaining rigorous quality and environmental standards.

2. Health and Safety: Efacec prioritizes the health and safety of its workforce and those impacted by its operations. It complies with Occupational Health and Safety Management System standards such as OHSAS 18001, demonstrating its commitment to ensuring a safe and secure working environment.

3. Environmental Standards: Efacec is dedicated to environmental responsibility and sustainability. The company complies with environmental standards and regulations to minimize its ecological impact, contributing to a greener planet.

4. CE Marking: Products that bear the CE mark conform to European Union (EU) safety and environmental requirements, affirming that Efacec's offerings meet the stringent EU standards.

5. IEC Standards: Efacec products adhere to International Electrotechnical Commission (IEC) standards, signifying their compliance with international benchmarks for safety and performance in the electrical and electronic sectors.

6. Regulatory Compliances: Efacec diligently complies with industry-specific regulations and standards, ensuring that its products and services meet the legal and safety requirements of various regions and sectors.

7. Industry-Specific Certifications: Efacec holds industry--specific certifications and approvals that validate its competence in delivering solutions tailored to specific sectors, including energy and transportation.