Founding of TMG Fábrica de Fiação e Tecidos do Vale de Manuel Gonçalves, with 6 hand looms.
Beginning of the yarn production.
Outset of the PVC (Artificial Leather) production.
Expansion of the spinning productive capacity to 10.000 spindles.
Founding of one of the most modern factories of dyeing and finishing in Europe.
First supply of PVC- coated fabrics to the automotive industry.
Beginning of diversification into other business areas.
Establishment of a partnership with Sommer Allibert International to found SAIP - Sommer Allibert Industrie Portugal.
Set up of the electricity and heat generation company – SPE.
Full restructuring into strategic business units.
Joint acquisition with José de Mello Group of 100% of EFACEC.
Diversification into the apparel wholesale distribution business.
Expansion of the production capacity for automotive business unit.