Midland-based engineering group Titan Europe has been awarded approved supplier status with one of the largest global mining companies in the world.
The Kidderminster company, which manufactures wheels and under-carriage components, will strengthen its presence in South America by signing a new wheels agreement with engineering group Vale (formally CVRD) of Brazil.
Vale is the second largest diversified metal and mining company in the world and employs more than 100,000 people. It is the largest publicly traded company in Latin America, with a market capitalisation of approximately $150 billion (£76.6 billion).
The agreement, set to commence this month, is to supply wheels and provide after-sales service to Vale’s activities throughout Brazil.
The Titan group employs nearly 3,000 people at 10 sites across Europe, Australia, South America, India and China. After the deal sales by Titan Europe are expected to start at around $1 million (£510,000) per annum. John Wheelwright, commercial director, commented: "This is a significant achievement by our South American teams. It also clearly demonstrates Titan Europe’s commitment to the mining sector and our strategy to provide customers’ product solutions and after-sales service local to their needs.
"We are delighted to be working with such a prestigious global company as Vale and I am sure that together we will be able to grow further and increasingly add value to our existing and new customers as we build the partnership over time."