Two Scottish companies have announced plans to open new offices in Rio de Janeiro on the opening day of the largest ever Scottish trade mission to Brazil.
Scottish Secretary Michael Moore praised the ambition of the two companies, Nautronix and Reel Group, who both work in the energy sector.
Speaking from Rio de Janeiro, Michael Moore said:
“Brazil is a very important market for Scottish energy companies. Brazil is one of the fastest growing economies in the world and they value the expertise that Scotland has when it comes to energy.
“These companies are showing real ambition in taking their expertise to South America and doing business here. I wish them every success in their new ventures.
“There are other Scottish energy-related companies out here on this mission who are establishing and strengthening contacts with a view to future opportunities. We are here to help companies build new relationships and break new ground.
“At a time when the UK economy is under strain, as are the economies of our nearest and biggest Eurozone trading partners, we need to find, create and seize new opportunities. With strong growth and common economic interests with Scotland, Brazil has a great deal of offer Scottish trade and growth.
“There is a real confidence among the companies in this trade mission that the Brazilian market offers great opportunities for and they are determined to seize them.”
Nautronix is an Aberdeen based Subsea Acoustic and Positioning company. They have announced plans for a new Brazilian entity - Nautronix Brasil Ltd. This will allow Nautronix to expand its market and operations using local content and labour.
Michael Moore said:
“Having more people here in Rio will help Nautronix to work more closely with their Brazilian clients. The skills and products that Nautronix have developed in Aberdeen are sought after in Brazil. I hope this new venture helps the company generate more business in Brazil and that they go from strength to strength.”
The Reel Group are based in Inverness and are a service provider to international offshore drilling contractors.
Michael Moore said:
“Reel are convinced that there is massive potential for the company here in Brazil. They provide high quality inspection services for rigs ensuring they comply with legislation. They want to increase their footprint in Brazil and are busy recruiting offshore and onshore staff.
“Scotland has vast expertise in offshore drilling and Reel can play to these strengths in South America.”