Royal Lankhorst Euronete Group Starts Brazil Factory

Monday, August 23, 2010

The Royal Lankhorst Euronete Group announced the acquisition of a new industrial unit in Rio de Janeiro – Brazil. This new industrial unit will be used for production of deep water mooring ropes for the oil & gas platforms, production of maritime ropes for the local market and - at a later stage - also for production of buoyancy materials for the oil & gas industry.

José Luis Gramaxo – President/CEO of the Royal Lankhorst Euronete Group: “It is a new development within our Group to produce there where the market need is. The Royal Lankhorst Euronete Group has been following the developments of the Brazilian economy in the last few years and we are therefore delighted with this new investment in a production facility in Brazil. We expect the factory to start operating by January 2011. This development is also in line with the recent investment that was made in Goa – India for the production of twines and ropes for the local fishing market.”

The Dutch/Portuguese Royal Lankhorst Euronete group employs approximately 1100 people. The company has six worldwide operating divisions – Maritime & Offshore Ropes Division, Fishing Division, Engineered Products Division, Yachting Division, Pure Composites Division and Yarn Division – and several subsidiaries and agents around the world.  The new production facility in Brazil covers around 5,000 m2 and is located in the Industrial area of Queimados in Rio de Janeiro in a property of 18,000 m2 with easy access to the ports of Rio de Janeiro and Sepetiba.

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