Höganäs to double Brazilian capacity
Swedish powder giant Höganäs AB will invest about SEK50 million to build a new iron powder atomising plant in Brazil. The company decided to double its iron powder manufacturing capacity there because of strong and growing demand in South America for PM grade and consumable powders.
Scheduled to be on stream in June 2008, the new 32,000 sq. ft. plant will operate within the manufacturing complex at Mogi das Cruzes, São Paulo. “We are working hard to grow the market together with our customers and we are committed to serve them locally,” said Claudinei Reche, managing director, Höganäs Brasil Ltd.