Duas Rodas to Invest US$23 Million in Growth During 2011

30 Mar 2011 --- The company plans to double its income during the next five years, exceeding US$ 500 million in sales. The company estimates a 15 percent growth in sales in 2011 for its current product divisions, apart from the operations in new business units.

With a 14 percent growth rate in sales to US$ 240 million, the 85-year old Brazilian company Duas Rodas has established an even more challenging goal towards 2015. The company plans to double its income during the next five years, exceeding US$ 500 million in sales.

For 2011, Duas Rodas is planning to invest US$ 23 million in acquisitions, buildings and investments in new production plants to achieve the five-year growth forecast.

The Latin American market is one of the bets of the company to ensure business expansion in the next years, since it shows a growing increase in consumption rates, and also due to the fact that Latin American consumers are much more receptive to try new products. Furthermore, the economic situation of most Latin American countries is growing stable. Duas Rodas is investing heavily in order to cover this market in both production capacity and services, with the addition of new product lines to its current range.

The company estimates a 15 percent growth in sales in 2011 for its current product divisions, apart from the operations in new business units.

Duas Rodas will also invest largely in the research and development of new products, especially products designed for the Latin American market.