CLYDEUNION Pumps, IMBIL form Brazilian Joint Venture
CLYDEUNION pumps would like to announce the formation of a subsidiary company in Brazil. This joint venture will be called CYDEUNION IMBIL.
CLYDEUNION Pumps would like to announce the formation of a subsidiary company in Brazil. This joint venture will be called CYDEUNION IMBIL and brings together the heritage, product portfolio and manufacturing expertise of CLYDEUNION Pumps and IMBIL Pumping Solutions. IMBIL is one of the top suppliers of pumping solutions for the Brazilian market with a particularly strong presence in Industrial sectors such as pulp & paper and ethanol. It is a 100% Brazilian, private company specialised in single and multi-stage pumps for the industrial market. Based in the city of Itapira near São Paulo it is one of Brazil?s top manufacturers of engineered and standard pumps.
IMBIL specialise in the low pressure segment and will make an ideal partner to enable the venture to successfully develop sales in the booming Brazilian pump market. Long experience in pattern and casting production for standard and exotic materials, as well as an established supply chain and sales force, will allow this new venture to rapidly develop into a major manufacturer.
CLYDEUNION Pumps is one of the world's leading pumping solutions providers. The company was formed in November 2008 from the joining of Clyde Pumps and Union Pump which brought together some of the most respected products, people and heritage brands in the business.
The two companies that form CLYDEUNION Pumps both have a rich heritage and combined history of over 300 years of pump production and development. Clyde Pumps was formed in May 2007 when the Weir Pumps (Glasgow) business was acquired from The Weir Group plc, but its routes go back to 1871 when two brothers, George and James Weir, founded the engineering firm of G. & J. Weir. Union Pump has an equally impressive pedigree and had been producing advanced pumps since its inception in 1885 in Michigan, USA.
Jim McColl said of this new development, ?Brazil is a key strategic territory and an important market for the rapid growth plans of the CLYDEUNION Pumps organisation and we see our partnership with IMBIL as a very positive step towards strengthening our position in Brazil and expanding our product portfolio offer worlwide?
The focus of CLYDEUNION IMBIL will be to supply pumps for the fast growing Brazilian Oil & Gas market which is now entering a major development phase. In addition the JV will supply pumps both domestically and to the international Industrial and Power markets. The venture will allow CLYDEUNION Pumps to offer a full portfolio of aftermarket services for the large installed base of Weir Pumps and Union Pump equipment installed in Brazil.
IMBIL CEO Vladislav Siqueira added, ? This joint venture is not only a perfect strategic fit, it is also the coming together of two companies with an excellent cultural fit and a similar drive to succeed. We are very excited about the opportunities for growth presented by the combined synergies of the two partners".
