Company News

Steer expands to target Brazil, Mexico

Plastic News
18/08/2015 15:48
Visualizações: 976 (0) (0) (0) (0)

Indian extruder maker Steer Engineering Pvt. Ltd. is expanding in the Americas by appointing two agents there, saying that it sees growth opportunities in key markets including Mexico and Brazil.

 

“Both countries have large bases of automotive and petrochemical multinationals and our presence would add more volumes to the Steer Americas sales,” said Mike Millsaps, chief operating officer for the company’s Steer America unit in Uniontown, Ohio.

 

Houston-based JM Lord International LLC would serve most of the Latin American markets, while the Brazilian agent Uniflon, based in São Paolo, would represent Steer in that country.

 

Currently, Steer’s presence in the two countries is limited and it regards the markets as underserved. The new agents would market its co-rotating twin-screw platform, specialized components and other technology in plastics and polymers.

 

Steer, based in Bangalore, also plans road shows in São Paulo and Mexico City in October or November for branding.

 

In Brazil, the company said the 2016 Olympics will boost demand for infrastructure, while in Mexico, it said reforms in the energy sector could be beneficial to manufacturing and open trade opportunities for the plastics industry.

 

Millsaps said the company has long-term plans for some kind of operation in the region: “The import duties are high in Brazil and an assembly plant with a local vendor base for components is also on the radar.”

 

The company said it hopes in the next three years to double its sales volumes in the Americas from its current 10 percent. It also said it hopes to expand in the United States, where it said the larger part of its sales are east of the Mississippi River, and it claims to have 15 percent of the U.S. market.

Most Read Today
see see
Vitória Petroshow 2025
First Day of Vitória PetroShow 2025: Petrobras Announces...
09/04/25
Business
SBM Offshore signs US$400 million Sale and Leaseback agr...
09/04/25
Vitória Petroshow 2025
Vitória PetroShow 2025 reinforces Espírito Santo’s leade...
08/04/25
Vitória Petroshow 2025
Exploration of New Blocks Could Triple Reserves and Doub...
08/04/25
Event
Espírito Santo Unveils New Yearbook Highlighting the Fut...
08/04/25
Vitória Petroshow 2025
Entrepreneurship and Energy Sector Leaders Invite You to...
07/04/25
Vitória Petroshow 2025
Márcio Felix Highlights the Strategic Importance of Vitó...
07/04/25
Vitória Petroshow 2025
Vitória Petroshow highlights Espírito Santo as a nationa...
07/04/25
OTC Houston 2025
OTC Recognizes 2025 Spotlight on New Technology® Award W...
04/04/25
Agreement
Petrobras and Braskem Sign Agreement for Carbon Capture ...
04/04/25
Energy Transition
Oil and Gas Sector Reinforces Its Commitment to Energy T...
04/04/25
Onshore
Oil and gas production in onshore fields is expected to ...
03/04/25
ANP
Proven oil reserves in Brazil increased by 5.92% in 2024.
03/04/25
E&P
Investments in exploration could reach up to US$ 2.3 bil...
03/04/25
OTC Houston 2025
Sebrae Rio: Registrations for the Technical Mission to O...
02/04/25
Company News
Global Reach Inspires OMMICA to Significant Sales Increase
31/03/25
Local Content
The National Agency of Petroleum, Natural Gas, and Biofu...
28/03/25
Pernambuco
RNEST Increases Processing Capacity with Completion of T...
28/03/25
Equatorial Margin
Petrobras Contributes to the Expansion of Brazil’s Conti...
28/03/25
iBEM25
Engineering Students Adapt Vehicle for Renewable Energy ...
28/03/25
iBEM25
Closing of iBEM 25: A Milestone in Latin America's Energ...
28/03/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.