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.