Exsto enters into agreement with Prorevest in the country
Valor Econômico
The millionaire deals caused by the oil and gas exploration in the country, in clear expansion, start getting to the small Brazilian companies, sought by multinational companies looking for partnerships. The little known Prorevest, from São Caetano do Sul (SP), which operates in the polyurethane market, is entering into a partnership with French Exsto, which also operates in England and China. The purpose is to take advantage of the growth of the offshore market, mainly in the basins of Campos and Santos whose demand for equipment and parts is still to be met.
A family company founded in 1984 by Pedro Vieira, Prorevest installed itself in São Caetano do Sul, in the Metropolitan Region of São Paulo, in order to supply polyurethane byproducts for the steel and mining segments, among others. The company has a built area of 2 thousand square meters, 50 employees and earnings of R$ 8.4 million (US$ 4.9 million) expected for 2009, already including the new oil businesses. The expectation is of an increase of 40% compared to the earnings of 2008, according to Pedro Vieira Neto, son of the founder.
What attracted the interest of Exsto in Prorevest were its contacts at a moment in which the growth potential of the oil sector is in the spotlight. Exsto was founded in 1976, in Romans, France, and operates in a wide industrial range, including the car segment. In 2006 it took over Dunlaw Engineering, Scottish from Aberdeen. "We amended the Articles of Association, but we maintained the national nature of our company. Petrobras (main purchaser) greatly praises the national company", explains Pedro Neto.