Chris Holden

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Toyo Setal Secures COMPERJ

by Chris Holden - November 24th, 2019.
Filed under: Business Adviser, Business Expert. Tagged as: .

The company Petrobras has had an open bid for its construction project in Rio De Janeiro by the name of Petrochemical Complex or COMPERJ originally started in 2015. Many companies were very interested in securing this bid to complete the project because Petrobras currently has an exclusive portfolio. Toyo Setal, of brazil, sought to obtain the bid working rigorously on their proposal to Petrobras. According to Rafael Ribeiro de Mendonca Lima the commercial manager of Toyo Setal, there were specialists hired from various fields to make visits to the site to evaluate what was needed to ensure their proposal was presentable and complete. Petrobras decided to only work with companies that were registered with them for this bid and choosing the one that had the skill and finances to complete the project. The clear choice was Toyo Setal.

Although it took over a year before TS won the bid and they will have the chance to complete construction of the Rio de Janeiro Petrochemical Complex (COMPERJ). Their exclusive contract was signed on September 16th and their given deadline to complete the work is 18 months long. On October 14th Petrobras issues TS the “AS” Services authorization. This project is important and meaningful to Toyo Setal because this bid is symbolic of their long-term relationship with Petrobras, one of their largest customers. The secure of this bid is not only fantastic news for TS but it can help the city of Itaborai a municipality of Rio De Janeiro.

The city is currently in an economic downfall, because of the lack of work there. This project is creating thousands of jobs, it’s estimated for every job it creates four indirect jobs, which can result in up to 5,000 new jobs for the residents of Italborai. This project is a godsend to the people and can likely help the city out of its economic crisis. This makes this project have an incredibly positive outlook before it’s full inception. Toyo Setal is a company from brazil focusing on industrial opportunities and the production of projects centered on Engineering, Procurement, Construction, and Commissioning or EPC. Read More.

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