Randon S.A. Implementos e Participações (“Randon”) informs its shareholders and other members of the securities market about the announcement of its Expansion and Development Plan for 2012 through 2016 (“Plan”).
The Plan estimates investments of R$ 2.5 billion to be implemented by Randon and its controlled companies (“Randon Companies”), including assets and working capital, and aims an increase of the total gross revenue from the current R$ 6.4 billion to R$ 10.2 billion until the end of the Plan’s term.
The Plan incorporates strategic targets as the consolidation and expansion of the market positions in the Brazilian market; be recognized as an important player in our businesses in the international scenario; keep our core businesses; expand business beyond organic growth and maintain and/or expand operating margins and results.
The Randon Companies believe the Plan may create up to 4,000 new jobs.
Related to this Plan Randon Companies signed today a Letter of Intentions with the Rio Grande do Sul State with the scope of allow the Randon Companies expansion through diversified tax treatment programs like FUNDOPEM/RS (Fundo Operação Empresa do Rio Grande do Sul) and INTEGRAR/RS (Programa de Harmonização do Desenvolvimento Industrial do Rio Grande do Sul).
Caxias do Sul, May, 17th, 2012.
Astor Milton Schmitt
Investor Relations Director