SOURCE: Hoganas

May 02, 2007 07:33 ET

HOGANAS AB (publ): Hoganas Invests in a New Factory for Atomising of Iron Powder in Brazil

HOGANAS, SWEDEN -- (MARKET WIRE) -- May 2, 2007 --

Höganäs, through its subsidiary Höganäs Brasil Ltda, has decided to build a new plant in Mogi das Cruzes, São Paulo, for the manufacturing of atomised iron powder. The investment amounts to approximately SEK 50 million.

The strong and growing demand in South America, from both the component and consumable market segments, has led to the decision to increase the manufacturing capacity in Brazil. The new factory will be located within the existing manufacturing complex at Mogi das Cruzes and have a covered area of some 3.000 sq. meters. The state-of-the-art factory is expected to be operational in June 2008 and will double Höganäs' manufacturing capacity of iron powder in Brazil.

"We are working hard to grow the market together with our customers and we are committed to serve them locally. Höganäs decision to increase production capacity through the new factory will enable us to continue to serve the market with customized solutions and reinforce our position in South America.", says Mr. Claudinei Reche, Managing Director, Höganäs Brasil Ltda.

Höganäs AB (publ) Corporate Communications

Höganäs, Sweden, 2 May 2007

Höganäs was founded in 1797 and is today a leader within the iron and metal powder industry. End products are mainly used by the automotive industry and home appliances, lawn and garden and hand-tools. In 2006 the turnover was MSEK 5 123 (4 594) and income before tax MSEK 525 (408). Höganäs is listed on the Nordic Stock Exchange's Mid Cap list. For further information please visit our website

Copyright © Hugin ASA 2007. All rights reserved.

Contact Information

  • Contact:
    Höganäs AB (publ)
    SE-263 83 Höganäs
    tel +46 (0)42 33 80 00
    fax +46 (0)42 33 83 60