A CHESTERFIELD firm that makes sound and vibration proofing for excavators and tractors is to open a factory in Brazil.
Holmewood Industrial Park-based TMAT Acoustic Technologies wants to capitalise on demand ahead of the 2014 World Cup and the 2016 Olympic Games.
The company says Brazil is undertaking more than 12,250 infrastructure projects involving roads, ports, airports and power plants before 2016.
The Brazilian Government wants to see products sourced locally, rather than shipped in from abroad.
Given the volume of construction equipment that will be needed, TMAT sees that as a major incentive.
Managing director Jason Lippitt said: “The existing customers and other original equipment manufacturers we’ve spoken to about our plans have been very excited indeed, in light not only of the opportunities in Brazil but also of the red tape they have encountered when trying to do business there.
“We will be retaining all engineering design and intellectual property at our Chesterfield site, and the Brazil opportunity could well create more UK jobs as our work in Brazil generates more demand upon specialist engineering resources.”
Mr Lippitt plans to travel to Brazil in March for exploratory meetings and hopes work on establishing a factory will start by the end of the month.