Tamglass Ltd. Oy, a member of the Kyro Group, will expand its operations in South America by establishing a new company and commencing the manufacture of safety glass production lines and machinery in…
Tamglass Ltd. Oy, a member of the Kyro Group, will expand its operations in South America by establishing a new company and commencing the manufacture of safety glass production lines and machinery in Brazil. The registration of the new company, Tamglass South America Ltda., has been approved by the government and the state where the company will be located. Following the establishment of the new production plant, located in Sao Paulo, Tamglass will have machine production on three continents. “Strengthening our market position in South America is a significant part of Tamglass“ global strategy,” said Tamglass president and CEO Pentti Yliheljo. “As a large country, Brazil presents an interesting, growing market area. The demand for flat glass in Brazil has increased by some 20% annually. Local manufacturing facilitates customers“ financing arrangements and reduces currency risks. Furthermore, Brazil is a natural channel for reaching other Mercosur countries,” he added. Tamglass South America Ltda. will focus on manufacturing and selling flat tempering lines and bending furnaces particularly for the needs of architectural glass manufacturers in Brazil. The company will also be in charge of the installation and service of Tamglass“ products in the entire Mercosur area.