BREMBO TO INVEST ?115 MILLION TO EXPAND IN THE UNITED STATES AND BRAZIL
June 21 2013 - 7:21AM
Italian Regulatory (Text)
Stezzano, 21 June 2013
BREMBO TO INVEST 115 MILLION TO EXPAND IN THE UNITED STATES AND
BRAZIL
THE INVESTMENT ON THE TWO AMERICAN INDUSTRIAL HUBS WILL LEAD THE
SUBSIDIARIES BREMBO NORTH AMERICA AND BREMBO DO BRASIL TO DOUBLE
THEIR REVENUES In the 2013-2015 three-year period, Brembo S.p.A.
will make a total investment of 115 million in North America, to
expand the Homer industrial hub (Detroit, Michigan), and Brazil, to
move and step up production in the current Plant in São Paulo.
These investments are in line with the Group's development strategy
aimed at strengthening the productive capacity in the areas where
customers are demanding a greater product volume and a higher
service level. In the United States, the investment will total 83
million, thus significantly increasing the productive capacity of
the Homer industrial hub. The expansion of the plant has become
necessary after the acquisition of new businesses and further
market shares with our main North American customers, such as
Chrysler, General Motors and Ford. This initiative is expected to
enable the subsidiary Brembo North America Inc. to double its
sales, going from 178.5 million for 2012 to about 350 million for
2015. In Brazil, 32 million will be used to move the current plant
from São Paulo to Santo Antonio de Posse (north of São Paulo),
where a larger and more modern plant will be put into operation,
enabling the Company to meet its growing production requirements.
Also the subsidiary Brembo do Brasil Ltda is thus expected to
increase its sales by about 100% in the three-year period, going
from 66.6 million for 2012 to about 130 million for 2015. "Brembo's
investments in the Americas," stated Group Chairman Alberto
Bombassei, "support two important areas that continue to perform
dynamically and show positive market trends and that are marked by
a gradual increase in demand for our products. The company must
continue down the path of internationalisation and, in parallel to
these measures, it will continue to plan investments not only in
expanding markets such as China, India and Eastern Europe, but also
in Italy where, although the automotive crisis unfortunately is not
showing clear signs of a reversal of the current recessionary
trend, we have continued to invest, from 2008 to the present, at a
rate of over 40 million a year."
The manager in charge of the Company's financial reports, Matteo
Tiraboschi, declares, pursuant to paragraph 2 of Article 154-bis of
Italy's Consolidated Law on Finance, that the accounting
information contained in this press release corresponds to the
documented results, books and accounting records.
About Brembo SpA Brembo SpA is the world leader and acknowledged
innovator of disc brake technology for automotive vehicles. Brembo
supplies high performance brake systems for the most important
manufacturers of cars, commercial vehicles and motorbikes
worldwide, as well as clutches, seats, seat belts and other
components for racing. Brembo is also a leader in the racing sector
and has won more than 200 championships. Today the company operates
in 16 countries on 3 continents, with 22 production and business
sites, and a pool of about 7.000 employees, about 10% of whom are
engineers and product specialists active in the R&D. 2012
turnover is 1.388,6 million (31.12.2012). Brembo is the owner of
the Brembo, Breco, AP, Bybre, Marchesini, and Sabelt brands and
operates through the AP Racing brand.
Company contacts:
Investor Relations Matteo Tiraboschi Tel. +39 035 605 2899 e-mail:
ir@brembo.it www.brembo.com Communications Manager Thanai
Bernardini Tel. +39 035 605 2277 - Mobile. +39 335 7245418 e-mail:
press@brembo.it
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