Teixeira Duarte, S.A. is the company that leads a large
conglomerate with more than 11,000
workers
The workforce or labour force is a concept referring to the pool of human beings either in employment or in unemployment. It is generally used to describe those working for a single company or industry, but can also apply to a geographic regio ...
, present in 22 countries, in 6 activity sectors, achieving in 2019 a turnover of 877 million
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
s.
Teixeira Duarte, S.A. is listed at
Euronext Lisbon
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange.
Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exc ...
since 1998, Being its shareholder majority of the Teixeira Duarte family. The Group's headquarters are located at
Lagoas Park, in
Oeiras.
History
Teixeira Duarte was founded in 1921 by the engineer
Ricardo Esquível Teixeira Duarte. In 1934 was incorporated as a
limited liability company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...
and, in 1987 was transformed in a
joint-stock company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...
. The company has been listed on
Euronext Lisbon
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange.
Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exc ...
since 1998.
The sustained growth in construction over decades has enabled the Group to progressively develop other activity sectors due to the business opportunities it has encountered and fostered since the 1970s, such as concessions and services (since 1984), real estate (since 1973), hospitality (since 1992), distribution (since 1996), energy (since 1996) and automotive (since 1991). Although in 2016 it still operated in the energy sector – where it had operated since 1996 – Teixeira Duarte divested its stake in the entity through which it maintained its activity in this sector in the first quarter of 2017.
With a consolidated process of internationalisation, Teixeira Duarte has long operated in other markets which are nowadays still important in its operations, such as Venezuela (since 1978), Angola (since 1979), Mozambique (since 1982), Spain (since 2003), Algeria (since 2005) and Brazil (since 2006), currently also added by France, Belgium, United Kingdom, Luxembourg, the United States, Colombia, Ecuador, Peru, Morocco, South Africa, China, Qatar, Kuwait, Gabão, and Cabo Verde.
Main indicators
Notes:
* The values are expressed in million euros.
* Total Equity includes non-controlling interests.
Business sectors
Construction
Representing the origin of the Teixeira Duarte Group, which started as a construction company, Construction is not only the core business of the Group as a whole, but also that of its biggest and most emblematic company: “Teixeira Duarte – Engenharia and Construções, S.A.” Operating in the fields of Geotechnical Engineering and Rehabilitation, Buildings, Infrastructures, Metalworking, Underground Works, Railway Works and Maritime Construction Works, “Teixeira Duarte – Engenharia and Construções, S.A.” relies on a Formwork and Pre-stressing Operations Centre; a large-scale Equipment Department; and a Materials Laboratory. It also receives support from the Teixeira Duarte Operations Centre located at
Montijo.
The Group also owns shareholdings in companies that operate in specific Construction areas, namely Underground, Railway and Maritime Construction Works. Moreover, the Group participates in Joint Ventures and partnerships formed in connection with specific projects, namely in the Infrastructures area.
Main companies in this sector:
Teixeira Duarte – Engenharia e Construções, S.A.EPOS – Empresa Portuguesa de Obras Subterrâneas, S.A.SOMAFEL – Engenharia e Obras Ferroviárias, S.A.
Concessions and services
The Teixeira Duarte Group began its operations in this area in 1984, in
Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...
, through a holding in CPM – Companhia de Parques de Macau, S.A. which it still owns and to which it has added, others in Portugal, Angola, Brazil, Spain, Mozambique and Venezuela until 2017 when a corruption scandal was uncovered. Currently, the Group's companies focus on different business areas, in particular
facilities management
Facility management or facilities management (FM) is a professional management discipline focused on the efficient and effective delivery of logistics and other support services related to real property and buildings. It encompasses multiple disc ...
, facilities services and the
environment
Environment most often refers to:
__NOTOC__
* Natural environment, all living and non-living things occurring naturally
* Biophysical environment, the physical and biological factors along with their chemical interactions that affect an organism or ...
.
Main companies in this sector:
TDGIRecolte Espanha
Real estate
Teixeira Duarte Group started operating in the real-estate sector in the 1970s, and since then has expanded its real estate operations to several segments and countries. In addition to Portugal, the real-estate sector is currently present in Angola, Brazil, Mozambique, Spain and United States of America. In line with the business diversification strategy adopted by the Teixeira Duarte Group, the real-estate area, as a natural, logical extension of the parent company's core business, has been following a consistent, systematic land acquisition policy in the markets where the Group operates. Accordingly, the Group has purchased a large number of plots with a wide variety of uses, namely residential, corporate, trade and services and logistics.
Main companies in this sector:
Teixeira Duarte ImobiliáriaTeixeira Duarte Incorporação (Brazil)
Hospitality
After a first experience in 1974 in the
Algarve
The Algarve (, , ; from ) is the southernmost NUTS II region of continental Portugal. It has an area of with 467,495 permanent inhabitants and incorporates 16 municipalities ( ''concelhos'' or ''municípios'' in Portuguese).
The region has it ...
, the Teixeira Duarte Group resumed its activity in the Hospitality sector in
Sines
Sines () is a city and a municipality in Portugal. The municipality, divided into two parishes, has around 14,214 inhabitants (2021) in an area of . Sines holds an important oil refinery and several petrochemical industries. It is also a popular ...
in the 1990s, and currently operates eight, two of which are located in Portugal, three in Angola and three in Mozambique, covering a total of 3,000 beds and 1,500 rooms.
Teixeira Duarte also develops business in the Fitness area, namely through two Health Clubs: LAGOAS Health Club at
Lagoas Park, in Oeiras, and TRÓPICO Health Club at Hotel Trópico, in Luanda.
Main companies in this sector:
TDHotels
Distribution
The Teixeira Duarte Group started operating in the Distribution sector in 1996, in Angola, through a food product distribution company.
Having expanded and diversified its distribution business, the Group currently operates in several markets, namely Angola (through DCG and CND), Brazil (through TDD Brazil), Portugal (through TDD) and South Africa (through GND).
CND, one of the companies operating in Angola, owns one of the best-known grocery store chains – "MAXI" and "bompreço" – as well as furniture and household goods brand "Dakaza" and more recently developed its area of health and wellness with "Farmácia Popular".
The "MAXI" and "bompreço" chain features 15 shops in Luanda, Luanda Sul, Cacuaco, Viana, Mulemba, Zango, Benguela, Lobito, Porto Amboim and Sumbe. Launched in 2014, the "Dakaza" brand already boasts 5 shops in Luanda and Benguela. "Farmácia Popular" features 3 stores at Maxipark Cacuaco, Maxipark Rocha Pinto and Maxipark Morro Bento, all inside Luanda's metropolitan area.
DCG, the other company operating in Angola, is the exclusive distributor of a wide range of brands.
Main companies in this sector:
Teixeira Duarte Distribuição, S.A* CND – Companhia Nacional de Distribuição, Limitada (Maxi, Dakaza and Farmácia Popular in Angola)
* DCG – Distribuição e Comércio Geral, Limitada
* OCC – Operador Central de Comércio, Limitada
Automotive
Teixeira Duarte Group started operating in the Automotive sector in 1991, in Angola, currently operating also in Portugal.
The Group develops its activity in Angola through a group of companies that represent several international brands in the following market segments:
* Light Vehicles:
Nissan
, trade name, trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells ...
,
Chevrolet
Chevrolet ( ), colloquially referred to as Chevy and formally the Chevrolet Motor Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Louis Chevrolet (1878–1941) and ous ...
,
Peugeot
Peugeot (, , ) is a French brand of automobiles owned by Stellantis.
The family business that preceded the current Peugeot companies was founded in 1810, with a steel foundry that soon started making hand tools and kitchen equipment, and the ...
,
Renault
Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...
,
Mahindra,
JMC,
SsangYong,
Isuzu.
* Heavy-duty Vehicles: UD Trucks, Renault Trucks, Randon.
* Motorcycles:
Piaggio
Piaggio & C. SpA (Piaggio ) is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under seven brands: Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi, and Scarabeo. Its ...
/
Gilera
Gilera is an Italian motorcycle manufacturer founded in Arcore in 1909 by Giuseppe Gilera (1887–1971). In 1969, the company was purchased by Piaggio.
History
In 1935, Gilera acquired rights to the Rondine four-cylinder engine. It was, at ...
/
Vespa
Vespa () is an Italian luxury brand of scooter (motorcycle), scooters and mopeds manufactured by Piaggio. The name means wasp in Italian. The Vespa has evolved from a single model motor scooter manufactured in 1946 by Piaggio & Co. S.p.A. of ...
,
Honda Motorcycles
is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan.
Honda has been the world's largest motorcycle manufacturer since 1959, reaching a producti ...
,
Hyosung
Hyosung Corporation is a South Korean industrial Chaebol, founded in 1966. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction. It is known in Korea mostly for high-end apartments ...
, Derbi, Loncin.
* Equipment: Nissan Forklift, Heli, Denyo, Honda Power Products, Pramac and Powermate.
* Tires and Lubricants: Infinity,
Continental
Continental may refer to:
Places
* Continent, the major landmasses of Earth
* Continental, Arizona, a small community in Pima County, Arizona, US
* Continental, Ohio, a small town in Putnam County, US
Arts and entertainment
* ''Continental'' ( ...
, Avia.
Currently, the Group operates in the country through a large distribution network which includes their own and external concessions, as well as specialized retail. In this segment, there is a recently launched PIWI insignia, with 2 stores in
Luanda
Luanda () is the capital and largest city in Angola. It is Angola's primary port, and its major industrial, cultural and urban centre. Located on Angola's northern Atlantic coast, Luanda is Angola's administrative centre, its chief seaport ...
, which sells automobile accessories, motorcycles and generators. In some stores are also provided quick repair services.
In Portugal, the Group Teixeira Duarte sells
Suzuki
is a Japan, Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, All-terrain vehicle, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs ...
brand since 2016 through its subsidiary SMotors, which represents in exclusive the Japanese brand in the
district of Lisbon
Lisbon District ( pt, Distrito de Lisboa, ) is a district located along the western coast of Portugal. The district capital is the city of Lisbon, which is also the national capital. From its creation until 1926, it included the area of the cu ...
.
The first dealer of SMotors, located at Avenida Marechal Gomes da Costa.
Main brands in this sector:
TDAVAUCOPIWISMotors
External links
Teixeira Duarte's website
References
{{Reflist
Portuguese companies established in 1921