Tuesday, 27. July 2010 Subsidiary founded in Brazil
Subsidiary founded in Brazil
R. STAHL participates in the growing South American market
Waldenburg, July, 27th, 2010 - The internationally active R. STAHL group founded a subsidiary in Brazil. The expert for explosion protection takes this important and constantly growing market for oil and gas industry into account. R. STAHL do Brasil Ltda. has been founded in close cooperation with the previous Brazilian representation Instrumentos Lince Ltda.. So the long-standing successful cooperation in South America will be continued on a new basis.
Brazil is one of the BRIC-states whose markets grow extremely fast. The country has vast oil and gas deposits. Many of these deposits will be developed within the next 10 years. A double-digit growth of the investment volume for safety technology relevant for R. STAHL is expected. Especially for the larger projects that are expected it is more and more important for customers to have a well-known partner that is internationally active. With location Rio de Janeiro the company chose the centre of the Brazilian oil and gas industry
Marcel de Roure, up to now managing director of Instrumentos Lince, and Rainer Nägle, an experienced R. STAHL sales manager, will manage the 100% subsidiary in future. This management team stands for continuity in the long-standing successful cooperation and experience in an internationally active group.
"Foundation of R. STAHL do Brasil is another component of the aspired growth of the group. R. STAHL will further increase its market share in South America and thus its leading position in explosion protection in the coming years", explains Martin Schomaker, CEO of R. STAHL AG.
Information on R. STAHL - www.stahl.de
R. STAHL is one of the world's leading suppliers of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and thus contribute to the safety of man, machine and environment. The spectrum ranges from tasks like switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automating. Typical clients are the growth industries like the oil & gas industry, the chemical and pharmaceutical industry and the food industry. The share in the market for marine equipment continuously increases. In 2009 about 1,400 employees generated sales of € 203 million world-wide. R. STAHL AG is listed on the stock exchange.
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Judith Schäuble
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Phone: 07942.943-1217, Fax: 07942.943-40 1217
e-mail: judith.schaeuble@stahl.de