Termomecanica invests R$ 42 million to upgrade its plants in 2015
The project, assisted by Investe São Paulo, helped increase the company’s production capacity by 15% while keeping the same number of jobs
Investe São Paulo
This is the second successful partnership between Termomecanica and Investe SP
The investments planned by Termomecanica in 2015 should be fully completed by the end of the year. In total, R$ 42 million are being invested in the upgrade of two plants in São Bernardo do Campo (SP), allocated for the acquisition of new equipment, with the support from the investment promotion agency Investe São Paulo, associated with the Department of Economic Development, Science, Technology and Innovation of the State of São Paulo.“In this moment of reduced industrial level in Brazil,
Termomecanica believes that the negative scenario can be minimized with government stimulus and the initiative of enterprises, especially by maintaining their investment programs in productivity,” said Regina Celi Venâncio, president of Termomecanica . “In this context, the support from Investe São Paulo has been key to allow the implementation of our expansion and modernization project, especially in aspects related to tax benefits, impacting directly on the maintenance of jobs and causing an increase of 15% in the production capacity".
Implemented in several phases, the project prioritized the quality and productivity of the continuous furnace lines for the manufacture of products such as brass and phosphor bronze horizontal flat bars, and the extruded tube lines. The investments were also allocated to the modernization of the cooling towers, with the acquisition of environmentally friendly equipment.
“The support from Investe SP was critical to the success of the negotiations with different state government agencies, which enabled the government to conduct new studies for granting tax benefits to the activity. Without the agency’s intermediation, it would be extremely complicated to make the project possible,” said the president.
This is the second successful partnership between Termomecanica and Investe São Paulo. “We have assisted the company in the dialogue with government agencies, especially in relation to tax matters. We know the importance of Termomecanica to the metal industry in São Paulo, and this is why we work closely with the company in all its expansions,” said Juan Quirós, president of the Agency.
About Termomecanica
Termomecanica, one of the largest Brazilian private companies, is a leader in the processing of non-ferrous metals, copper and its alloys, into semi-finished and finished products. The company was founded in 1942 by Mr. Salvador Arena, an engineer who started his business with only US$ 200, and is highly capitalized, with a net worth estimated at over US$ 800 million. It has been growing continuously, as a result of the ongoing modernization and expansion programs, which define its traditional strategy of reinvestment of profits. The company has approximately two thousand employees, two plants in São Bernardo do Campo (SP), one plant in Chile and one in Argentina, and one Distribution Center in São Bernardo do Campo (SP) and one in Joinville (SC).