Dayco will build new plant in the country over the next 3 years

Ribeirão Preto-by entering the Agrishow, in late April, in Ribeirão Preto, Dayco, world leader in the research, development, manufacturing and distribution of products and services for motor cars, trucks, construction, agriculture and industry, signaled that seeks to get closer to the final consumer.
The company has been making constant investments here and already studying the establishment of a manufacturing unit, over the next three years. According to the Chief Executive Officer for South America, João Simões Ramon, Dayco (50 facilities in 18 countries, 110 years of experience in the world and 15 years in Brazil) have to sell technology with work by the rural producer. "Our distributors will do a door-to-door work, speeding up the replacement of the belt can last up to three crops, causing more than 1,800 hours in the field."
With global revenues over $ 1 billion, the company sees Brazil as an important market. In the automotive line, where the Dayco is the market leader in the aftermarket, the Brazil already represents 10% of revenues. Even in time of uncertainty, the company believes that its new line of agriculture will contribute to the expansion of its operations. John Ramon, President for South America comments that "Brazil today has a record harvest and growing each year. Only in soy, the Country accounts for 31.2% of global output. By analyzing the South America, can speak around 53.3% and the USA, matrix of Dayco, 33.4%. In addition, Brazil is Rico in other crops: corn, cotton, rice and other grains, which shows huge market potential. Despite the economic moment, agribusiness will continue being profitable now and even more in the future ".
Dayco has extensive expertise in the car industry and develops projects and innovations with the major automakers in the world. Currently $ 2 to 3 million per year in contributions are intended for Brazil and the company will expand these values with the launch of the agricultural and industrial line, which also will attend part of implements.
John Bohenick, Global CEO, talks about the potential and expectations: "agricultural and industrial markets revolve around $ 150 million/year in South America and Dayco intends to conquer 14% in the first year, projecting 54% in five years. For that we will continue our investments and have studied the installation of a plant in Brazil over the next three years, to meet the markets in which we operate: automotive, industrial and agricultural.
The company is already in contact and conducting research. Has plants in Contagem (MG) and Itapira (SP) and must invest $ 10 million in the new factory.