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Danfoss is investing more than BRL 80 million in new technologies and improved facilities.
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While visiting Brazil this week, Danfoss President & CEO Kim Fausing said the Brazilian market aligns perfectly with Danfoss’ commitment to deep application know-how, and sustainable innovation.
São Paulo, Brazil: With investments of more than BRL 80 million in new technologies for the food retail business, industrial refrigeration, heavy industry applications, heating and cooling, beverages manufacturing, agriculture, construction, the automotive industry, and water and wastewater, Danfoss, the global industrial Danish-based group, is further strengthening its commitment to be a strong partner for customers in Brazil.
Kim Fausing, Danfoss President and CEO; Jürgen Fischer, President of Danfoss Climate Solutions; and Astrid Mozes, President of Regions at Danfoss, joined Julio Molinari, Regional President of Danfoss Latin America, this week for a special visit to São Paulo to meet with customers, partners, and the Brazilian Danfoss team.
“It’s a real pleasure to be visiting São Paulo to meet customers, our team, and to see the fruit of our investments. We are investing more than BRL 80 million in our production facilities in Brazil. These investments will enable us to service our customers even better with improved facilities and new, modern machinery and equipment. I’m equally excited to meet our team that made it happen,” said Kim Fausing, President and CEO of Danfoss.
Fausing added that Brazil is Danfoss’ largest market in Latin America and an important hub for Danfoss products across the wider region.
“Brazil is an important market for Danfoss. We have many important customers and strategic partnerships. By strengthening our partnerships, we are better positioned to capitalize on the
potential growth and advancements that megatrends are creating in sectors such as energy generation, agriculture, construction, mining, and the food chain. With a skilled and competitive workforce and deep application know-how, we want to drive sustainable innovation to create value for our customers,” said Fausing.
Danfoss Brazil operations began in 1968 in São Paulo when Danfoss first partnered with local company T Janér. Our first office was opened in 1977 on Avenida Paulista and in 1989 Danfoss began producing solenoid valves and RT thermostats used in heating, ventilation and air conditioning (HVAC) systems, refrigeration, industrial processes and temperature control systems.
Danfoss’ operations in Brazil today consist of more than 800 employees working out of four production facilities situated in Caxias do Sul, Guaratingueta and Sao Paolo.
The past two years Danfoss Group has witnessed a remarkable 30% growth, 15% of which was organic, alongside significant transformations through M&As, as well as organic growth initiatives driven by industry-record investments in innovation, capacity, and digitalization.
In 2023, Danfoss Group continued to make bold investments in expanding the offering of competitive and innovative solutions. Despite a slower growth environment in 2023, Danfoss reported a 10% increase in earnings (EBITA) and a 49% increase in cash flow. In 2023, scope 1 and 2 emissions (before acquisitions) decreased by 18%, decoupled from organic sales growth of 2%.
Julio Molinari, Regional President, Danfoss Latin America, said: “We are thrilled to have hosted our President and CEO, Kim Fausing, and other esteemed members of the Group Executive Team this week in São Paulo. This visit has provided a unique opportunity for them to engage directly with our valued Brazilian customers and have meaningful discussions regarding the exciting opportunities that this market holds for us in the future.”
For further information please contact:
Amanda Chick, Global PR Lead
Ph: +357 9514 5470
Email: amanda.chick@danfoss.com