TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Through its Trelleborg Engineered Systems business area, Trelleborg (STO:TRELB) has decided to invest in specialized production of printing blankets in Brazil, aimed at creating a platform for local presence and growth in the graphics industry. The investment will be in a new plant that Trelleborg will also use to produce specially designed oil hoses for surface and deep-sea applications, which have been communicated through a separate press release today, March 14, 2011.
“The graphics industry is a growing and highly attractive market, and an increased presence in South and Latin America is central to our growth strategy,” says Lennart Johansson, President of the Trelleborg Engineered Systems business area. “Currently, we already rank as one of the three largest players in printing blankets in Latin America, a position which we intend to strengthen through our own onsite production located close to our customers. We are establishing advanced production of printing blankets in a modern plant that is excellently located, and we are also gaining an advantage in that the plant can serve as a base for other product areas”.
The plant is located in Santana de Parnaiba, near São Paulo. Trelleborg will invest a total of approximately SEK 45 M in production capacity in 2011 and 2012. It is anticipated that production can commence gradually by the first half of 2012.
Printing blankets are used by the graphics industry for offset printing in many applications, such as newspapers, books, brochures and packaging material. Trelleborg has a leading position in printing blankets under the brand names Vulcan® and Rollin®.
The Trelleborg Group currently has 1,000 employees in Brazil and is established in technology development, production and sales in the country.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
This information was brought to you by Cision http://www.cisionwire.com