Molins has confirmed three key initiatives to expand its presence in the precast concrete market, backed by a €100 million investment.
Molins has acquired Concremat in Portugal, and has revealed plans to build a new robotic plant in central Spain. The company will also launch a project in Oklahoma, investing in a new plant to expand its range of urban concrete furniture.
Concremat is headquartered near Lisbon and operates two production facilities, employing 110 people. The company reported revenues of €52 million in 2024.
The acquisition also marks Molins’ entry into the precast concrete market in Portugal. Molins sees Portugal as a strategic market, while Concremat will be able to access Molins’ global resources.
Molins chief executive officer Marcos Cela said the move will pave the way for expansion into other key markets.
“The acquisition of Concremat marks a step forward in our sustainable growth strategy and geographic diversification. Portugal is a key market in Southern Europe, and Concremat brings a solid track record, consolidated industrial capabilities, and a corporate culture that aligns perfectly with ours,” he said.
“This deal strengthens our position in precast solutions, allows us to integrate local talent, and creates synergies that will enhance our ability to serve customers.”
SPAIN SOLUTION
The company has also confirmed details around its plans for new precast concrete plant in Central Spain. The new plant will be fully automated and will triple Molins’ production capacity for industrialised housing from 1200 to 3000 housing units.
The company expects the project to develop 80 jobs in engineering, logistics, and construction management. It comes after the precast concrete business accounted for 16 per cent of Molins’ total turnover.
“The Spanish government’s push for industrialised housing highlights the urgent need to transform the production model in the residential sector. At Molins, we have long supported this transformation, convinced that industrialisation is key to delivering more efficient housing with shorter lead times,” Cela said.
“We are reinforcing our ability to meet housing needs with innovative and scalable solutions.”
Molins’ project for a new plant in Oklahoma as part of its desire to produce key product lines for the North American market locally.
This project will help Molins shorten delivery time and reduce the carbon footprint from transporting materials. The new plant will be opened under the Escofet brand where the US accounts for six per cent of its revenue which is expected to rise to around 30 per cent.
