Xerium Announces New Rolls & Services Plant in Concepción, Chile
April 26 2016 - 5:16PM
Business Wire
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider
of industrial consumable products and services, announced plans to
establish a new roll cover and mechanical services facility located
in Concepción, Chile. The Company is continuing to
reposition assets from low-growth to high-growth markets. This new
project is very capital efficient in that the Company already owns
the majority of the equipment that will be installed in the new
Concepción plant. The remaining spend will cross 2 calendar
years and is already included in the capex guidance previously
given by the Company.
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SMART Roll Technology (Graphic: Business
Wire)
Xerium's facility will be the first major rolls and service
facility established in Concepción, Chile, by any of the
industry's major global suppliers. From this location, Xerium will
be able to provide regional customers with dramatically quicker and
more cost effective service. Importantly, these products and
services will be delivered through a local workforce familiar and
respectful of local customs.
The facility will be state-of-the art and is expected to be
fully in production Q2 2017. From this strategic geographic
location, Xerium will provide its full suite of patented,
performance-enhancing roll solutions to customers in the
surrounding region. Xerium will perform roll grinding, roll
recovering and mechanical services on site. Xerium is also
increasing its field sales and service staff for the region for
machine clothing, roll services, mechanical services and machine
automation through its SMART® roll sensor solutions.
The facility will contain state-of-the-art rolls and service
machines. Xerium will transfer all of its best practices and all of
its global patented technology solutions to the region. The plant
will also have state-of-the-art information systems and supply
chain interfaces. This new facility will serve customers in Chile,
Peru, Ecuador and Colombia.
This new operation will be under the regional direction of Mr.
Eduardo Fracasso, President of Latin America. The
Concepción, Chile greenfield implementation will be led by
Luis Vitti; Project Manager. Luis has been with Xerium for 32+
years and brings significant leadership and customer focused
expertise to this role.
Harold Bevis, President and CEO of Xerium Technologies, Inc.,
said, “For the first time ever, customers in the immediate Chilean
region will receive locally provided & locally optimized
state-of-the-art rubber extrusion technology. The Chile plant will
be able to service large rolls from any industry or
application.”
Mr. Bevis continued, “The commercial objective is to provide
machine optimization solutions with world-class technology, short
lead times, and a local cost structure. The customers in the region
deserve this world-class approach and we are proud to provide it.
Customers will immediately receive better lead times, better
technology, better service and better costs. This new business
start-up is part of Xerium’s investment strategy to realign its
global business model and global factory locations to line up with
growth markets in the world.”
ABOUT XERIUM
Xerium Technologies, Inc. (NYSE:XRM) is a leading global
provider of industrial consumable products and
services. Xerium, which operates around the world under a
variety of brand names, utilizes a broad portfolio of patented and
proprietary technologies to provide customers with tailored
solutions and products integral to production, all designed to
optimize performance and reduce operational costs. With 26
manufacturing facilities in 13 countries around the
world, Xerium has approximately 2,900 employees.
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Xerium Technologies, Inc.Cliff Pietrafitta, 919-526-1444orICR,
Inc.Michael Callahan, 203-682-8311
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