Moventas to set up Brazilian Subsidiary

Wind and industrial gear manufacturer and service provider Moventas is establishing a subsidiary in Brazil.

Reinforcing its local presence is part of the company´s strategy of bringing its services closer to the customer.

Moventas is branching out its sales operations in South America, where industrial gears markets are boosted by new pulp production and a growing mining industry. The continent´s wind power markets are also picking up.

Moventas already has an install base of some 3,000 gears in South America. The subsidiary that is now being set up in Brazil promotes the sales of industrial as well as wind gears and related services in the entire area.

– This is another significant strategic step towards our customers by developing our network, says Jukka Jäämaa, CEO & President of Moventas.

The Brazilian office will be in charge of coordinating Moventas sales operations in all of South America. Moventas is also going to strengthen its local presence on the continent outside of Brazil.

Moventas has also made a strategic decision to establish its own service office in Brazil during next year.

More information

CEO & President Jukka Jäämaa, Moventas Oy, +358 50 526 7665, jukka.jaamaa@moventas.com

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Moventas is one of the largest manufacturers of wind turbine gears in the world. The company also manufactures power transmission solutions for industry use and provides services for their overhaul and maintenance. Majority of the products’ end use is connected with renewable energy. In 2009 Moventas generated net sales of EUR 237 million. The company has approximately 1,200 employees in nine countries globally with a worldwide partner network. European private equity investor IK Investment Partners holds the majority of the shares in Moventas. www.moventas.com