Market opportunities for infrastructure projects
Damme, Brasilia. The development of infrastructure in Brazil was a central topic of the visit of Dr. Torsten Bremer, CEO of BOGE Rubber & Plastics, and Dr. Jun Yang, CEO of the Chinese Zhuzhou Times New Material Technology Co., Ltd. (TMT), at the Brazilian Minister of Transport Maurício Quintella Lessa in Brasilia, the capital of Brazil, at the beginning of this month.
Among the major planned infrastructure projects in the area of rail transport are the construction or the fundamental renewal of three long-distance routes for freight transport as well as the construction of eleven new metro lines. During the talks with the Brazilian Minister of Transport, they discussed which market opportunities will arise in the future for the automotive supplier BOGE Rubber & Plastics as well as for TMT and the parent company of TMT, China Railway Rolling Stock Corporation Ltd. (CRRC), the world's largest manufacturer of rail vehicles and rail industry accessories, in connection with the considerable investments in infrastructure. BOGE Rubber & Plastics and TMT are also evaluating an expansion of the local production program of BOGE Rubber & Plastics at the Brazilian Sorocaba location. In addition, opportunities are being analyzed to expand the local presence in Brazil outside the automotive sector by the acquisition of companies.
Both sides agreed to continue the dialogue at the working and project level. "We will continue to maintain a constructive dialogue with the Brazilian Ministry of Transport, and we are confident that we will find solutions to generate our own added value in the context of infrastructure projects," emphasized Dr. Torsten Bremer.
The BOGE Rubber & Plastics Group of today, headquartered in Damme, has been present in Brazil since 1999. At the Sorocaba site, some 100 kilometers from Sao Paulo, the company manufactures vibration damping products and plastics modules for the automotive industry on a production area of approximately 6,500 m². The Chinese company TMT has supplied the Brazilian market with products from its plants in China.
The BOGE Rubber & Plastics Group is a top player among the leading worldwide automotive suppliers in the field of rubber-metal and plastics technology and employs about 4,000 employees generating an annual consolidated turnover of approx. million 740 Euro/business year 2015. The company headquartered in Damme (Germany) is represented internationally at ten locations in seven countries - Damme, Simmern, Bonn (Germany), Trnava (Slovakia), Fontenay (France), Sorocaba (Brazil), Dingley (Australia), Hebron (USA), Qingpu, Zhuzhou (both China). BOGE Rubber & Plastics is a division of the Chinese Zhuzhou Times New Material Technology Co., Ltd. (TMT) who is the owner of the company. TMT is a subsidiary of China Railway Rolling Stock Corporation Ltd. (CRRC), a Group which employs about 180,000 people. See further information www.boge-rubber-plastics.com.
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Photo: High-level economic talks with the Brazilian Minister of Transport in Brasilia (from left to right): Dr. Jun Yang, CEO of the Chinese Zhuzhou Times New Material Technology Co., Ltd. (TMT), the Brazilian Transport Minister Maurício Quintella Lessa and Dr. Torsten Bremer, CEO of BOGE Rubber & Plastics.