Paladin Attachments open factory in Brazil
Company expands manufacturing base beyond the US to serve the South American markets
PALADIN Attachments, a division of International Equipment solutions (IES), have expanded their worldwide presence with the opening of their first manufacturing facility outside the US.
The new 60,000 square foot facility in Guaranésia-MG, Brazil, will create approximately 100 new jobs and serve both the Brazilian and broader South American attachment markets.
Initially, the facility will produce heavy-duty buckets for mainline hydraulic construction equipment, including wheel loaders, excavators, skid-steer loaders and backhoe loaders. Further expansion into the production of a more complete range of light and heavy attachments is planned throughout 2014.
The facility will serve as a cornerstone of Paladin’s strategic objective to become the largest independent manufacturer of attachments in Brazil. As the largest and most populated country in South America, Brazil has the world’s sixth largest economy and is home to more than 200 million people with annual growth expected over the next five years.
Construction is a major focus of the growth in Brazil as it hosts the 2014 FIFA World Cup and the 2016 Summer Olympic Games. By 2016, the Brazilian construction market is projected to grow to US$215 billion annually.
Steve Andrews, CEO of IES, said: ‘IES are committed to providing localized supply, technical resources and parts and service support to our customers in all significant global markets. We began the implementation of this strategy in 2012 with the acquisition of Siac do Brasil, the leading cab manufacturer to the off-highway OEMs in Brazil.
‘This additional investment, supporting our Paladin Attachments division, is another important step in the growth and globalization of IES.’
Paladin attachments will be sold throughout Brazil via a network consisting of dealers and OEMs.