The Royal Lankhorst Euronete Group starts a new factory in Brazil

August 19, 2010

The Royal Lankhorst Euronete Group starts a new factory in Brazil

 The Royal Lankhorst Euronete Group announces the acquisition of a new
industrial unit in Rio de Janeiro – Brazil.
This new industrial unit will be used for production of deep water mooring
ropes for the oil & gas platforms, production of maritime ropes for the local
market and - at a later stage - also for production of buoyancy materials for
the oil & gas industry.

José Luis Gramaxo – President/CEO of the Royal Lankhorst Euronete
Group: “It is a new development within our Group to produce there where
the market need is. The Royal Lankhorst Euronete Group has been
following the developments of the Brazilian economy in the last few years
and we are therefore delighted with this new investment in a production
facility in Brazil. We expect the factory to start operating by January 2011.
This development is also in line with the recent investment that was made
in Goa – India for the production of twines and ropes for the local fishing
market.”

The Dutch/Portuguese Royal Lankhorst Euronete group employs
approximately 1100 people. The company has six worldwide operating
divisions – Maritime & Offshore Ropes Division, Fishing Division,
Engineered Products Division, Yachting Division, Pure Composites Division
and Yarn Division – and several subsidiaries and agents around the world. 
The new production facility in Brazil covers around 5,000 m2 and is located
in the Industrial area of Queimados in Rio de Janeiro in a property of
18,000 m2 with easy access to the ports of Rio de Janeiro and Sepetiba.