Brazilian housewares molder Plas£til SA plans to start building a $4-million plastics molding plant next year that eventually will allow it to double capacity. The plan follows an investment of $6.5 million in updated equipment and new products at its existing plant in Bauru, northwest of SÃo Paulo.
The company, which is among Brazil's top five housewares molders, producing 6,000 plastic items a month, already has imported 27 new Italian injection presses from the Brazilian/Italian supplier Sandretto Semeraro
Prompted to expand by Brazil's new-found stability following the success of the 2-year-old national economic Real Plan, Plas£til expects to raise its production capacity by 30 percent this year, said national sales manager Edson Begnami.
The firm, which molds 300 household items including buckets, bowls, waste bins, clothes baskets and freezer and micro-wave containers, intends to add another 60 products. These include items designed to compete with high-end, imported housewares, Begnami said.
Plas£til, which now processes about 1.8 million pounds of different resins monthly, plans to locate its new plant in Bauru.
With the expansion, Plas£til expects to use about 2.2 million pounds of resin by year's end. Sales of about $40 million last year should reach $50 million this year. The firm employs about 500.