03/10/2015 11h20

Exco starts operations in its first Brazilian factory

Project advised by Investe SP received an investment of R$ 30 million and could create up to 60 direct jobs

Investe São Paulo

Exco Technologies Ltd, a Canadian manufacturer of special tools geared to the automotive, extrusion and injection molding industries, installed its first Brazilian center in Sorocaba. The company announced on Thursday, March 5, the commencement of plant operations, which received an investment of R$ 30 million, generating 13 direct jobs and 200 indirect jobs.

The project has received support from Investe São Paulo, investment promotion agency linked to the State Department for Economic Development, Science, Technology and Innovation, in tax matters and environmental licensing.

"Exco has come to further supplement the broad supply chain of the automotive industry in the State, as well as other important industries, such as machinery and equipment. These are sectors that have a large supply chain, generate added value and heat up the economy", said the president of Investe SP, Juán Quirós.

Located in the neighborhood of Iporanga, Sorocaba, in an area of 6.4 thousand square meters, the new plant has 3.2 million square meters of building area.

The new plant manufactures tools and accessories for aluminum extrusion. Extruding consists of forcing metal or rubber from dies in order to form pipes, rods, etc. These accessories are used in various industries, such as construction, oil and gas, furniture, aerospace and transportation.

According to Bonnie Cartwright, president of Exco in Brazil, the company has decided to come to Brazil in view of the growth in the extrusion market, which generates a great demand for high-complexity tools, efficiency and productivity.

The idea is for one thousand tools to be produced, generating a turnover of R$ 10 million per year. Among Exco's customers, there are companies like Alcoa, CBA, Sapa, Asa, Prolind, Tera Metals, Tecnoperfil, Permax, among others.


About ETS – Exco Tooling Solutions

Exco Tooling Solutions is the largest supplier of extrusion tools in Latin America. Since the establishment of Exco Canada, in 1952, the company partners with the automotive, consumer goods, construction and services industries worldwide.

The company grew and also founded Exco USA and Exco Colombia, producing more than 4,500 parts per month. Today, the brand works entirely focused on the needs of its customers, increasing their productivity and profitability.