The insolvency was requested by Banco Comercial Português (BCP), one of the largest creditors.
The Lisbon West District Court, based in Sintra, appointed Jorge Calvete as insolvency administrator and scheduled a creditors’ meeting for 4 March.
Contacted by the Lusa news agency, the insolvency administrator said that “Sicasal’s production is at a standstill, but there is an intention to present a recovery plan to reactivate it and there is every interest in not closing the unit”.
Jorge Calvete confirmed that there are “several interested investors” in the company.
The Social Security Institute clarified to Lusa that the company had 315 employees at the end of 2024 and ended 2025 with 260.
At the end of the summer, the industrial unit stopped…