Project name: With this project, FAFSTONE intends to increase its production capacity in the extraction and transformation of ornamental stones and enter a new market segment - artificial stone compounds for the luxury segment.

Project code: NORTE-02-0853-FEDER-047384
Main objective: Strengthen the competitiveness of small and medium-sized companies
Intervention region: North – Marco Canavezes
Beneficiary entity: Fernando Almeida & Filhos, Lda.
Approval date: 10/22/2020
Start date: 05/02/2020
Start date: 05/02/2020
Completion date: 05/02/2022
Total eligible cost: €2,762,755.00
Total eligible innovation cost: €2,762,755.00
Financial support from the European Union: ERDF – €713,413.75

This Fernando Almeida & Filhos project aims to provide the company with the necessary productive means to:

  • Increase production capacity, both in extraction and transformation;
  • Ensure entry into new market segments, with special emphasis on the transformation of artificial stone;
  • Considerably reduce production costs, especially in terms of energy, and reduce the environmental impact of your activity.

The main strategic objectives include:

  • Increase production capacity, measured in VBP, supported by the acquisition of 4.0 technologies;
  • Boost the sale of finished products, with more added value, increasing the profit margin (GVA);
  • Introduce new products to the market - new textures to be applied to natural stone and artificial stone, giving them new applications, beyond paving/exteriors, and directing them, above all, to interior design;
  • Boost FAFSTONE's own brands - FAFSTONE PREMIUM, FASTONE CERAMIC and FAFSTONE LANDSCAPE in the international market;
  • Increase the representation of international business volume, making it represent 67% of the total volume;
  • Penetrate into new markets by reducing dependence on the national and European markets.

In terms of results to be achieved in the year after the project, the following stand out:

  • Gross Value Added greater than 3.8 M EUR;
  • Creation of 9 qualified jobs;
  • Turnover of more than 14 M EUR.