Published: September 03, 2008
Goodyear Engineered Products Manufacturer Acquires Brazil's Leading Conveyor Belt Service Company
SAO PAULO, Brazil, Sept. 3 /PRNewswire/ -- The world's No. 1 conveyor belt
manufacturer and exclusive producer of Goodyear Engineered Products is
expanding its conveyor belt installation, splice and repair service footprint
intoLatin America.
Veyance Technologies, Inc., has bought RCT Servicos de Vulcanizacao Ltda.,
based inBelo Horizonte about 600 kilometers or 350 miles north ofSao Paulo,
subject to regulatory approval.
RCT isBrazil's leading conveyor belt service provider with several
operations and more than 300 associates in the country's northern and
southeastern regions. It will continue to use its name and provide conveyor
belt installation, splicing, monitoring and repair services.
Goodyear-branded conveyor belts are the market leader inBrazil andLatin
America.
Bringing together the region's leading conveyor belt supplier and service
provider gives Veyance significant growth opportunities inLatin America,
according to Renaldo Calderini, Veyance's vice president and general manager
forLatin America. "The company will use the dual offerings to enter other
markets," he said.
Calderini said the acquisition helps provide its distributors and their
customers with comprehensive conveyor belt support. "The service complements
our technologically-advanced conveyor belt products, splice kits and
monitoring systems."
This is the third conveyor belt service acquisition announced by Veyance
this year, includingNorth America's Monk Mining Supply based inVirginia and
National Belt Service based inAlabama that cover U.S. andCanada coal
industry needs.
RCT has operated for more than 17 years. Previous owners Arthur Sternick
and Marcio Alves de Oliveira will remain with the organization to ensure
consistency of customer support.
Veyance's mining industry support reaches back to the first
Goodyear-branded conveyor belt produced in 1913. It operatesBrazil, Chili,
U.S.,Canada,South Africa andAustralia conveyor belt plants; recently formed
Shandong Aneng Conveyor Belt & Rubber Co. -China's leading conveyor belt
manufacturer; and recently acquired a U.S. conveyor belt fabric business.
In addition, an $18 million expansion underway at itsMarysville, Ohio,
heavy-duty conveyor belt plant adds new process technology and equipment.
Veyance Technologies has 35 manufacturing facilities worldwide and employs
9,000 associates. Along with conveyor belts, Veyance manufactures and markets
Goodyear-branded industrial and automotive products, including industrial and
hydraulic hose, power transmission belts, rubber track, air springs and
tensioners, as well as metal sprockets, fittings and couplings.
SOURCE Veyance Technologies, Inc.
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