Aqua-Chem announces Brazilian joint venture
Desalination equipment manufacturer Aqua-Chem announced on 8 March 2012 a strategic joint venture to manufacture and assemble in Brazil.An agreement has been reached with Vicel Group, located in Rio Das Ostras, an industrial district close to the heart of the oil and gas industry in the state of Rio de Janeiro.
The new company will exceed 60% of local content in reverse-osmosis desalination systems in the first phase of the production plan, which is scheduled for the third quarter of 2012.
David Gensterblum, Aqua-Chem CEO said, "We've been working on an agreement for more than a year, designed to meet the market-growing demand for products with national content as established by the rules of the National Agency of Petroleum, Natural Gas & Biofuels. This alliance will prove to be highly beneficial for our customers and our companies."
"This venture allows us to be highly nimble and strategic in developing custom solutions on site for a very large base of our clientele in an area of the world where the demand is high," said Gensterblum. "We are confident this alliance will add top line growth and bottom line value for our organizations."
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