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Toshiba Reinforces Social Infrastructure Business in South America

30 Mar, 2011

TOKYO–Toshiba Corporation (TOKYO: 6502) today announced that an integrated company will start a business to promote its comprehensive range of social infrastructure businesses in South America by merging two Brazil-based wholly owned subsidiaries, Toshiba Transmission and Distribution Brazil Ltd. (TTDB) and Toshiba Transmission and Distribution Systems Brazil Ltd. (TSTB). The companies will merge into a new operating company, Toshiba Infrastructure Systems South America Ltd., on April 1.

Until now, the focus of Toshiba's infrastructure business in South America has been on power transmission and distribution. TTDB, based in Contagem, Minas Gerais State, manufactures and markets transformers and regulators, while TSTB, based in Curitiba, Paraná State, manufactures and sells air insulated switchgear (AIS) and provides full turnkey construction of AIS substations.

Toshiba Infrastructure Systems South America Ltd. will be positioned as the regional center for promoting the full range of Toshiba's social infrastructure business throughout South America. The new company and an enhanced presence will position Toshiba to take part in large projects, including smart community projects integrating smart grids and other advanced technologies that draw on the capabilities of plural Toshiba Group companies.

Many South American countries are responding to economic and population growth by modernizing infrastructure, developing plans that include construction of power plants, transmission & distribution systems and transportation networks, along with implementation of the smart community concept. This is particularly true in Brazil, which will host the 2014 FIFA World Cup Brazil and the 2016 Summer Olympics in Rio de Janeiro. Under its Growth Acceleration Program, the Brazilian government plans to invest more than US$500 billion in social infrastructure in the three years to 2014. In light of these circumstances, Toshiba has decided to reinforce and more proactively promote its social infrastructure businesses throughout the region.

As the center of Toshiba's social infrastructure business in South America, Toshiba Infrastructure Systems South America Ltd. will target fiscal year 2015 net sales of 200 billion yen, octuple the current level in the region.

Outline of the company after the merger

Name: Toshiba Infrastructure Systems South America Ltd.
Representative:  Luis Carlos Borba (current president of TSTB)
Capital: BRL220 million (approximately US$132 million)
Merger: April 1, 2011 (planned)
Location: Sao Paulo, Sao Paulo State, Brazil (planned)
(At time of the merger: Contagem, Minas Gerais State, Brazil)
Employees: Approximately 2,300
Business: Social infrastructure business, including transmission and distribution, power, transportation and industrial systems

 

Outline of TTDB

Name: Toshiba Transmission and Distribution Brazil Ltd.
Representative: Robson Tadeu Lage Alves
Capital: BRL87 million (approximately US$52.2 million)
Established: October 1, 2007
Location: Contagem, Minas Gerais State, Brazil
Employees: Approximately 940
Business: Manufacturing and sales of transformers and regulators

 

Outline of TSTB

Name: Toshiba Transmission and Distribution Systems Brazil Ltd.
Representative: Luis Carlos Borba
Capital: BRL 126 million (approximately US$75.6 million)
Established: December 1, 2008
Location: Curitiba, Paraná State, Brazil
Employees: Approximately 1,360
Business: Full turnkey engineering of AIS substations; manufacturing and sales of components for AIS, including porcelain gas circuit breakers and disconnect switches

 

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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