HÖGANÄS INVESTS IN A NEW FACTORY FOR ATOMISING OF IRON POWDER IN BRAZIL

Höganäs, through its subsidiary Höganäs Brasil Ltda, has decided to build a new plant in Mogi das Cruzes, São Paulo, for the manufacturing of atomised iron powder. The investment amounts to approximately SEK 50 million.

The strong and growing demand in South America, from both the component and consumable market segments, has led to the decision to increase the manufacturing capacity in Brazil. The new factory will be located within the existing manufacturing complex at Mogi das Cruzes and have a covered area of some 3.000 sq. meters. The state-of-the-art factory is expected to be operational in June 2008 and will double Höganäs’ manufacturing capacity of iron powder in Brazil.
"We are working hard to grow the market together with our customers and we are committed to serve them locally. Höganäs decision to increase production capacity through the new factory will enable us to continue to serve the market with customized solutions and reinforce our position in South America.", says Mr. Claudinei Reche, Managing Director, Höganäs Brasil Ltda.
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Höganäs AB (publ)
Corporate Communications

Höganäs, Sweden, 2 May 2007