Brembo to Invest 115 Million to Expand in the U.S., Brazil
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...
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 per cent 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.”