Get to know better the growth history of Martifer, which made it the multinational industrial group that it is today.


In the beginning of the year, Martifer signs the contract for the sub concession of the lands and infrastructures of the old Viana do Castelo Shipyard (ENVC). It is in May that West Sea, the company created by Martifer to follow the sub concession, starts operating in Viana do Castelo. At the end of the year, West Sea signs the first shipbuilding contract.

Also in 2014, Brazil hosts the FIFA World Cup, having Martifer Metallic Constructions participated in the construction of three stadiums: Arena Fonte Nova (Salvador da Bahía), Arena Castelão (Fortaleza) and Arena da Amazônia (Manaus). Martifer Solar was also present in this event, with the installation of the PV roof of the Mineirão Stadium, in Belo Horizonte.


2012 is the year of full operation of Martifer Metallic Constructions factory in Brazil. With a capacity to produce 12,000 tons of steel structure per year, this unit aims to respond to the great projects of the company in Brazil.

Martifer Solar was awarded its first contract in Brazil: a PV installation with 300 kW in a General Motors plant in Joinville, State of Santa Catarina. The company has also continued its internationalization process entering Ukraine, Romania and Mexico.


Today, Martifer is a multinational with over 3,000 employees worldwide and which is focused essentially on two business areas: metallic construction and solar.

This year, the Group increased its exposure to markets outside Europe with its entry into promising markets. In metallic construction, the first semester highlights the start of the construction of a metallic structure plant in one of the markets with the biggest growth potential for the next years: Brazil. In solar, we witnessed the awarding of the first photovoltaic solar energy project in India, in June.

In February, and following the strategic guideline of the Group to focus on its core activities, Martifer sold its 50% holding in REpower Portugal to REpower Systems AG.

In March, Martifer sold 11 % of Prio Foods and Prio Energy for a value of 13.75 million Euros, thereby reducing its participation from 60 % to 49 % of capital, in these companies and in the respective subsidiaries.

Also in March, the subsidiary Martifer Metallic Constructions acquired 45 % of the capital from Martifer Alumínios to HSF SGPS, taking possession of the company's entire capital.

In April, Martifer Solar increased its capital to 50 million Euros to meet the company's investment needs, thereby strengthening its capital structure.

In September and October, Martifer Solar will finalise the construction of the two largest photovoltaic parks in the African Continent, located in Cape Verde, on the islands of Sal and Santiago.

At the end of the year, and following the asset rotating policy at Martifer Renewables, the Group sold the parks held in Germany, Bippen and Holleben, with 53.1 MW of installed capacity.

Still in December, Martifer Solar signs an agreement with EDP to sell 60 % of Home Energy.

Martifer and Hirschfeld create a Joint Venture for the production of wind energy components in the USA.

The metallic construction plant in Angola (15,000 tonnes of capacity) begins production in the 2nd semester of the year.

Martifer Renewables exceeds 100 MW of installed capacity in May and, at the end of the year, earns 217.8 MW in the first wind power auction held in Brazil.

In October, the Group adopts the government's new model: Carlos Martins takes on the role of Chairman, Jorge Martins becomes CEO and Mário Couto is appointed CFO.

Martifer Energy Systems buys Navalria. The acquisition price amounted to 4.7 million Euros.

The Chairman and Vice-Chairman of Martifer, Carlos Martins and Jorge Martins, respectively, win the second edition of the national award attributed by Ernst & Young, Entrepreneur of the Year 2007.

Production of components for wind parks and photovoltaic modules begins in the industrial units for the assembly of aero generators.

In February, Martifer, together with the Indian Group Suzlon, launches a takeover bid on REpower. The consortium takes control of 56.93 % of the company, and, thanks to an agreement between Areva and Suzlon, took control of 87.1 % of the voting rights of REpower. Martifer agrees to sell its participation in REpower to Suzlon in 2009 for 270 million Euros.

The Ventinveste consortium - formed by Martifer, Galp Energia, Enersis, Efacec and REpower Systems AG - came in first place in "Phase B" of the public tender launched by the Portuguese government for the attribution of 400 MW of injection capacity and the respective reception points associated to the production of electric power in wind plants.

In June, the initial public offer for the Company was concluded (IPO). The Company collected 199 million in funds through the offering of 25 million shares which were placed at the peak of the price range, 8.00 € per share. After the IPO, the Company had 65 thousand new shareholders.

Martifer Solar formalised the contract with Spire Corporation for the turn key supply of the automated production line of photovoltaic modules with an annual capacity of 50 MW.

The Group was also awarded with the the "Organic Grower of the Year 2007” award by A.T. Kearney "Global Growth Assessment”.

In March, through the Ventinveste Consortium, Martifer delivered its application to the tender for the attribution of 1,500 MW of licences for the production of wind power in Portugal.

In May, Martifer Solar is formed with the social object related to the projecting, design, manufacturing and installation of solar panels.

At the end of the year, Martifer receives the 1st prize of excellence for the promotion of new areas of investment and business, awarded by the Chambers of Commerce and Industry of Romania.

The metallic structures activity widens its market to Central Europe, opening branches in Romania, Czech Republic, Slovakia and Germany.

Investments are initiated in the area of Agriculture and Bio fuel in Romania.

Martifer becomes one of the reference shareholders of the German company REpower Systems AG, one of the largest producers worldwide of wind power equipment, ending the year with a financial holding of 25.4 %. In June, REpower Portugal is formed, aimed at the market of construction wind parks, assistance and assembly of aero generators.

In August, the Martifer Group creates yet another company called M Energy (today, Martifer Renewables) with the main purpose of centralising the management of all the activities in the area related to the promotion of renewable energy.

In February, Martifer begins activity in the sector of renewable energy equipment, through Martifer Energia. This company dedicates itself to the manufacture of metallic towers for wind aero generators and is based in the Industrial Zone of Oliveira de Frades.

In November, Martifer SGPS, S.A., whose objective is to manage the social holdings of Martifer Group companies, is created.
In February 2003, Martifer continues with the internationalisation process with the creation of an industrial unit in Gliwice, Poland. It starts operating in the 2nd semester of 2004.
Martifer creates its second plant in Portugal, located in Benavente, to meet construction needs for the Euro2004 stadiums.
In November, Martifer begins its internationalisation process into Spain with the objective of becoming one of the companies of reference in metallic construction in this country.

On the 26th of May, the company which already has 100 employees, is transformed into a Public Limited Company thereby changing its shareholder structure. The company's capital is held by MTO SGPS (currently I’M SGPS) and ENGIL SGPS. As from 2001, it is in a position to be equal.

In Portugal, Expo 98 takes place with Martifer participating in various projects, such as the Vasco da Gama tower.

In February of 1990, Martifer is formed as a limited company, with capital of approximately 22,500 Euros (4,500 thousand escudos) and is based in the Industrial Zone of Oliveira de Frades, where it continues today.

At the end of its first year of activity, Martifer had 18 employees and a turnover of 240 thousand Euros.