Ground Broken At LINDAL's $25m Facility In Brazil
By: Lindal Group
Work began at the Industrial Park in Jundiaí, São Paulo on Tuesday 4th February where a formal gathering was attended by Mayor of Jundiaí, Luiz Fernando Machado, and LINDAL representatives, including; CEO Francois-Xavier Gilbert, CFO Manfred Schnor and Managing Director of LINDAL Brazil, Moacir Camargo.
The completed building will be approximately 12,500 sqm with an extension option of around 5,000 sqm.The $25m investment not only covers the building but also the land, construction work and the facility's new state-of-the-
At the ceremony, François-Xavier Gilbert said: "This is the biggest investment LINDAL Group has made in its 60-year history, we thank the city of Jundiaí, and the team of the municipal administration for supporting us. This new investment represents the belief we have in Brazil's growth potential and the future opportunities that holds."
Already a market leader in the manufacturing of critical components for the aerosol industry in Brazil for over twenty years, and having continuously outgrown their facilities over that period, LINDAL's expansion reflects the consistently strong growth in the Brazilian aerosol market.
According to the Brazilian Aerosol Association, aerosol consumption in Brazil has grown substantially since 2007 reaching 1.2 billion units in 2017 with a 11% CAGR. The association's figures also reveal that 75% of aerosols in the Brazilian market are produced in Brazil, an increase of 5% from the previous year.
As a worldwide market leader in the development and manufacture of aerosol valves and actuators for personal care, home care, industrial, food and pharmaceutical segments, serving both major multinationals and regional customers, LINDAL Group has grown through geographical expansion, large-scale investment and developing innovative new products.
Manfred Schnor said: "We constantly invest in new technology to allow manufacturing plants to be as competitive and high quality as possible, and this is what we are committed to doing in Brazil with the new facility."
Speaking about the new facility, Mayor Luiz Fernando Machado said: "It is a pleasure to welcome LINDAL, who will add a lot to the economic development of the municipality. I usually say that the best way to distribute income is to create jobs, so we are grateful to be part of this story."
Also present were the manager of the Casa Civil, Gustavo Maryssael de Campos, and the directors of the Management and Finance units, Daniele Ruiz, and of Economic Development, Science and Technology, Julio Cesar Durante and Gilson Pichioli.
For further information, visit: http://lindalgroup.com.