Brazil-based OEM, Randon Companies, has announced a name change in what it is calling a strategic step towards its consolidation as a multinational company.
The new name – Randoncorp – is a tribute to the company’s legacy as it directs investments, strategies and innovation efforts towards a path of sustainable growth, the company announced.
“It is essential to build an identity that reflects this moment and the path we want to take from now on,” said Randoncorp CEO, Sergio L. Carvalho.
“The more we evolve, the more we commit ourselves to the environment, society and ethical and responsible governance.”
In addition to six plants located in Brazil, the company maintains a plant in Argentina and works with partners for the assembly of semi-trailers in several strategic global points in Central America and Africa.
In 2022, Randon reached the highest consolidated net revenue in its 74 years.