A strong adjustment between the US dollar and the Brazilian Real, to almost 52% in the last 12 month has allowed Mavi a better position regarding the sales of these traditional vibratory drives. Our Vimot vibratory motors have been experiencing a better position in Brazil and Latin America.
Fierce competition from Chinese made products and their low prices have made Brazil a privileged place for imports, but apparently this situation has now changed somewhat. Thus the now expensive US-dollar helping Brazilian industry.
Necessary Brazilian certifications in case of Ex-proof drives and new requirements for faster and cheaper technical assistance, as well as a 24 month lasting garanty, have also helped Mavi in better sales of individual Vimot drives.
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