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Company News Release #13

Brazil: Mooreast enters South American market.

Mr Norbert Van Vliet, Business Development Manager of Mooreast Europe B.V has officially signed a Sales Representative Agreement with a local company, Arinque Engenharia Ltda, in Rio last October. Arinque Engenharia will be Mooreast’s sales agent for the South American market especially in Brazil.

Arinque Engenharia Ltda is an established Brazilian company formed by professionals with extensive experience in oil and gas market, particularly in product design, offshore mooring products engineering and manufacturing. Other than selling Mooreast products and services within Brazilian market, under the representation contract, Arinque Engenharia will also provide technical/commercial after sales assistance and follow up production at local suppliers when necessary.

“We believe there is great potential in the South American market in the next few years once the oil price recovers. Therefore, it is strategic for Mooreast to work with the local companies like Arinque Engenharia to market and fabricate our products in this region without the need for big investment especially during this market downturn.”, commented Mr Norbert Van Vliet.

“We agreed there is great synergy between the two companies and we look forward to render our best support to Mooreast in any way possible.”, said Mr Antonio Manuel, director of Arinque Engenharia Ltda.

Currently, Mooreast has already established its network of agents and business partners in the Asia Pacific region such as in Malaysia, South Korea and Australia. The Company believes in collaborative growth and therefore will continue to expand its presence through strategic business collaboration.

(Posted on 17th November 2015)