A Raymond Opens Brazil Fastener Plant
July 06
00:00
2006
A Raymond Opens Brazil Fastener Plant
Jason Sandefur
France-based fastener supplier A Raymond opened its first manufacturing plant in Brazil, Just-Auto.com reports. The fastener firm first established a sales office in Brazil in 1996.
The new Euro 3 million (US$3.8 million) facility reportedly employs 90 people and produces 450 fastening components for OEMs. A Raymond projects the factory will produce revenues of $17.4 million this year.
Founded in 1865, A Raymond supplies fasteners to the automotive and industrial industries. The company has more than 2,700 employees and operates 12 production facilities and 10 design centers on three continents. Web: araymond.com �2006 FastenerNews.com
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