Woodbridge Brazil opens automotive foam plant in Capivari
Project relies on the support from Investe São Paulo and creates 134 direct jobs; this is the 29th project announced by the agency this year
Investe São PauloOn October 7, Woodbridge Brazil opened an automotive molded seating foam plant in Capivari, 177 km from the state capital. The US company invested R$ 16.2 million in the project, creating 134 direct jobs.
The project relied on the support from Investe São Paulo, the investment promotion agency associated with the Department of Economic Development, Science, Technology and Innovation of the state of São Paulo. With this company, the Agency will have 29 private projects implemented in 2015, representing investments of R$ 8.7 billion and the creation of 8,771 direct jobs, 155% higher than last year.
“This figures confirm the potential of the state of São Paulo, that despite facing a difficult year, continues to attract investments thanks to its infrastructure, its consumer market of 44 million people, good universities, and above all, institutional stability,” said the president of Investe SP, Juan Quirós.
The new plant is expected to report sales totaling R$ 60 million per year, operating in a plant of 7,000 sq. meters of built area and covering an area of 30,000 sq. meters, located in the industrial district Novo Tempo. Approximately half a million packets will be produced per year.
“We are pleased to announce that the plant in Capivari is ready to meet our customers’ demands, being a milestone that further solidifies our commitment. Our intention is to turn it into a center of excellence, a state-of-the-art unit. In addition, we want to be part of Capivari’s community as we do in the other five Brazilian plants, because social responsibility is one of our operational pillars,” said the vice president of Woodbridge South America, Paulo Farina.
Initially, the new unit will only meet the customers’ demand for seating foam, but the company is also developing expansion plans to also produce internal automotive parts, such as backrests and armrests.
About Woodbridge Group
The Woodbridge Group and its partners in the World Polyurethane Alliance currently have 64 units in 17 countries, being global leaders in the development and production of polyurethane and expanded polypropylene products. The company manufactures foam items for seats, support structure, protection, and acoustic control of vehicles. It also offers services such as assembly and inventory management, engineering and design. To learn more, please visit www.woodbridgegroup.com.