BRADFORD-ON-AVON, UK -Avon Rubber plc has gained a foothold in Brazil through a technology transfer agreement with Industrias Mangotex Ltda. Avon, which also has a joint venture in India, is negotiating to set up a venture in China.
Mangotex began manufacturing Avon coolant hose in September for Ford's Brazil-built Fiesta and Ka models. Avon will phase out exports to Brazil as Mangotex's output rises.
Mangotex's other customers include Fiat and Volkswagen. The company employs about 500 and has annual sales of more than $20 million.
In December Avon began supplying heater and coolant hose to Indian carmakers through its new joint venture, Gold Seal-Avon Polymers Pvt. Ltd. Avon and its partner Gold Seal Engineering Products have a plant in Daman. Planned capacity is three million hoses a year.