Lord begins construction of factory in Itupeva, Brazil
A subsidiary of Lord Corporation has started the construction of a site near São Paulo, Brazil, in the city of Itupeva. The industrial park in Jundia, which has been occupied by the company since 1974, will be deactivated after all equipment has been moved to the new headquarters, which will be ready by the second-half of 2013, the company said. In Itupeva Lord will have 10,200 square meters of built area, and a total area comprising 40,500 square meters to allow for several expansions to accommodate an aggressive growth plan over the next twenty years. Construction work is scheduled to begin in the first quarter of 2012. The company said that the new site will be critical for it to be able to achieve its goal of doubling sales volume every five years. The new plant will begin operations with installed capacity twice larger than its current output.