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Qualytextil bags $800K contract for Fire Protection Garments
05 Nov '08
2 min read
Lakeland Industries Inc., a market leader in protective apparel, announced that its Qualytextil subsidiary in Brazil has received a contract worth approximately US$800,000 from the State of Pará to be used for the State of Pará's firefighters.
This award is representative of the addition of several new high-caliber customers doing business with Qualytextil since it was acquired by Lakeland in May 2008.
Pará will be using Lakeland garments for fire protection, while other recently announced contracts involve requirements for customized protective clothing for an electric utility and garments for a petrochemical giant headquartered in Brazil.
Much of the business conducted in Brazil is with state owned or state related customers & is therefore not as recessionary prone as orders received from the private sector.
"Our Qualytextil subsidiary is clearly establishing a beach head for Lakeland in Brazil that is setting the stage for increasing our reach into other Latin American markets. Latin American growth contributed to our record setting financial performance in the most recently reported quarter and we see no slow down in this region," said Chris Ryan, CEO of Lakeland.
"Through the development of our Brazilian sales, marketing and manufacturing capabilities, we are gaining traction with contract awards from new customers in diverse industries for existing as well as new products.
Announcement marks the fourth major contract that we have received in less than two months from Brazil. Given Lakeland's position as a low cost provider of high quality protective garments, our relatively small size in a $6 billion and growing global industry positions us for continued growth and improvement of market share."
This award is representative of the addition of several new high-caliber customers doing business with Qualytextil since it was acquired by Lakeland in May 2008.
Pará will be using Lakeland garments for fire protection, while other recently announced contracts involve requirements for customized protective clothing for an electric utility and garments for a petrochemical giant headquartered in Brazil.
Much of the business conducted in Brazil is with state owned or state related customers & is therefore not as recessionary prone as orders received from the private sector.
"Our Qualytextil subsidiary is clearly establishing a beach head for Lakeland in Brazil that is setting the stage for increasing our reach into other Latin American markets. Latin American growth contributed to our record setting financial performance in the most recently reported quarter and we see no slow down in this region," said Chris Ryan, CEO of Lakeland.
"Through the development of our Brazilian sales, marketing and manufacturing capabilities, we are gaining traction with contract awards from new customers in diverse industries for existing as well as new products.
Announcement marks the fourth major contract that we have received in less than two months from Brazil. Given Lakeland's position as a low cost provider of high quality protective garments, our relatively small size in a $6 billion and growing global industry positions us for continued growth and improvement of market share."
Lakeland Industries Inc
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