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Strategic Alliance Will Enable Company Modernization and Access to New Technologies, Boosting Growth in the Brazilian Industrial Market
Reframax Engenharia, a Minas Gerais-based company specialized in industrial services and the production of refractories, announced the acquisition of 60% of its shares by Shinagawa Group, a Japanese group.
This transaction, valued at R$ 1 billion, is expected to be finalized within 90 days, pending regulatory approvals.
The acquisition not only represents a significant milestone for Reframax, but also opens new opportunities for expansion and modernization for the company.
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Strategic Alliance for Growth
Shinagawa Group, with 150 years of experience, is recognized as one of the leading manufacturers of refractory products in Japan and has operations in several countries, including China, Australia, and India.
The international experience of the Japanese group will be a valuable asset for Reframax, which seeks to strengthen its presence in the global market.
According to Reframax‘s CEO, Luciano Lopes, this alliance is a decisive step to ensure the company’s sustainability in the long term, enabling the implementation of new technologies and modernization of processes.
In addition to access to technological innovations, the partnership will provide Reframax with the opportunity to adapt its engineering practices and increase operational efficiency.
The exchange of knowledge between the two companies and the implementation of best practices can result in a positive impact on operations, increasing competitiveness in the industrial market.
Continuous Growth and Strong Market Presence
In the last five years, Reframax Engenharia has shown impressive growth, with an average of 30% per year, employing more than 5,000 people at its headquarters in Belo Horizonte, in the industrial unit in Santa Luzia, and in operations across various cities such as Ouro Branco, Camaçari, Serra, and Itaguaí.
The company is recognized for its work in long-term contracts with major industries in the mining, steel, and petrochemical sectors.
Lopes highlights that Reframax is responsible for supplying refractories for 60 to 70% of the steel market in Brazil, consolidating its position as a leader in the sector.
This strong market presence is the result of a successful strategy of diversification and innovation. Reframax does not limit itself to the installation of refractory materials, but also operates in several segments, including chemicals, petrochemicals, and pulp and paper.
This multifaceted approach allows the company to maintain stability during economic fluctuations and seize opportunities in different sectors.
Autonomy and Focus on Internationalization
Despite the majority acquisition by Shinagawa Group, the founding family of Reframax will remain in charge of the business, ensuring that the company operates in an autonomous and independent manner.
This is crucial to preserve the culture and values that have been fundamental to the company’s success.
Lopes emphasizes that this autonomy will allow Reframax to maintain its focus on the Brazilian market while seeking opportunities for international expansion.
Reframax intends to explore markets in countries where Shinagawa is already established, such as Japan, Taiwan, and South Korea.
The expectation is that the expertise in long-term contracts the company has developed over the years will facilitate entry into new markets and adaptation to different regional demands.
Lopes believes this alliance will enable significant and sustainable growth, with projections for growth of at least double digits per year.
New Segments and Innovations on the Horizon with Reframax Engenharia
In addition to geographic expansion, Reframax Engenharia is assessing the possibility of entering new, unexplored segments such as energy recovery, recycling of refractories, and petrochemicals.
These areas represent promising opportunities, as the demand for sustainable solutions and recycling technologies is growing globally.
Energy recovery, in particular, is a trend gaining traction as industries seek to reduce their carbon footprint and improve energy efficiency.
With the formalization of the alliance with Shinagawa Group, Reframax is well positioned to reshape its strategy and meet various interests in the current market.
Overview of Shinagawa Group
The Shinagawa Group has extensive experience in the industrial sector, operating in four independent sectors: Engineering, Insulation, Refractories, and Advanced Ceramics.
Recognized as Japan’s leading manufacturer and supplier of high-quality products, the company designs, installs, and maintains industrial furnaces globally.
In 2023, the group recorded a revenue of 144.1 billion yen and has 24 companies (8 in Japan and 16 abroad), ending the year with 3,373 direct employees.
The acquisition of Reframax Engenharia by Shinagawa Group represents a significant strategic move that not only enables a new development cycle for the brand but also promises to positively impact the local and national economy.
The collaboration between these two companies signals a promising future, where innovation and international expansion will become fundamental pillars for success in the engineering and construction sector.
This alliance is not just a growth opportunity for Reframax, but also an important step towards a more sustainable and competitive industrial market.
SOURCE: DIÁRIODOCOMÉRCIO
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