Dunlop Oil & Marine invests millions of dollars in Brazil-based hose production facility
Dunlop Oil & Marine has reportedly invested $26.8 million (€22.5 million) in the construction of a new hose manufacturing facility in Macaé, Brazil.
The soon-to-open ContiTech Dunlop Oil & Marine Brazil was completed in October 2014, and will be ready to supply hoses in the first quarter of 2015.
Reports say the investment was made in response to increasing demand for advanced-performance hose products in this sector.
The site is well-placed to supply local clients operating at the centre of Brazil's petroleum industry in Macaé.
Dunlop Oil & Marine is part of the ContiTech division of Continental A.G.