Company Overview of MA Automotive Brasil Ltda.
MA Automotive Brasil Ltda. manufactures and distributes automotive panels and car body parts. The company is based in Porto Real, Brazil. MA Automotive Brasil Ltda. operates as a subsidiary of MA S.p.a.
Avenida Renato Monteiro 6200A
Polo Urbo Agro Industrial
Porto Real, RJ 27570-000
55 24 3358 8000
55 24 3358 8040
Key Executives for MA Automotive Brasil Ltda.
Compensation as of Fiscal Year 2014.
MA Automotive Brasil Ltda. Key Developments
Unipres Corporation Concludes Memorandum of Understanding with Magnetto Automotive
Sep 21 12
Unipres Corporation concluded a memorandum of understanding with Magnetto Automotive on September 20, 2012 regarding capital and business alliance for joint venture with MA Automotive Brazil (MA Automotive Brasil Ltda) (Head office: Brazil; President: Juan Carlos Abella), a subsidiary of Magnetto Automotive. The automobile market in Brazil has been growing rapidly in recent years and became the world's fourth automobile market by sales volume in 2010. Domestic and foreign automobile manufacturers have been newly entering into the market and expanding production. In order to take advantage of this business opportunity under the circumstances, are promoting sales activities through a capital and business al iance with MA Automotive Brazil (MA Automotive Brasil Ltda) aiming to receive orders from Nissan Motor Co. Ltd. and other automotive related companies. The forthcoming capital and business alliance is a product of the compatible intentions of Magnetto Automotive to expand their business and ours to enter the Brazilian market, and it aims to enhance synergies by taking full advantage of each company's respective strengths. UM Corporation, SAS, the joint venture company between Magnetto Automotive and Unipres Corporation started its operation in 2003 in France, and has been supplying press formed car body parts to automobile manufacturers in Europe including the Renault-Nissan Group. MA Automotive Brazil (MA Automotive Brasil Ltda) is a subsidiary of Magnetto Automotive and manufactures and sells automotive panels and car body parts for PSA Peugeot Citroen Brazil. As a result of the capital participation, Unipres Corporation will acquire 40% of MA Automotive Brazil's capital and form a business alliance to manufacture and sell car body products in Brazil. The equity ratio after the capital participation will be Magnetto Automotive of 60% and Unipres Corporation of 40%. This capital participation is expected to have a negligible impact on consolidated business results for 2012 ending March 31, 2013.
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