Core Viewpoint - The acquisition of the historic Alcofre Cable Factory in Portugal by China's Hengtong Group has revitalized the company, enhancing its operational efficiency and contributing to local economic growth [2][4][7]. Group 1: Company Overview - Alcofre Cable Factory, established in 1910, primarily produces low-voltage cables and is a key enterprise in the northern Portuguese city of Ovar [2]. - Hengtong Group, a leading global player in the optical communication industry, fully acquired Alcofre in 2016, leading to significant operational improvements [4][6]. Group 2: Operational Improvements - Since the acquisition, Alcofre's operations have shown steady growth, with the introduction of a new production line for optical fiber composite overhead ground wires this year [4][6]. - The factory has seen a 25% increase in local employment since the acquisition, demonstrating Hengtong's commitment to local job creation [6]. Group 3: Technological Advancements - The introduction of a new wire drawing machine has tripled production efficiency compared to older equipment and reduced energy consumption by over 20% [6]. - Employees have expressed appreciation for the new technologies and innovations brought in by Hengtong, enhancing their work experience [6][7]. Group 4: Economic Impact - Hengtong's investment has not only boosted the local economy but also upgraded the cable and optical fiber industries in Portugal, aligning with the Portuguese government's focus on high-value investments [7]. - The company aims to quadruple its output value by 2030, indicating ambitious growth plans for the future [6].