Mills Estruturas e Serviços de Engenharia S.A., Brazil’s largest equipment rental company, announced a capex budget for 2014 of R$231 million (about U.S. $95 million) for rental equipment. Mills officials said they will evaluate whether to increase these investments as 2014 progresses, in accordance with market opportunities.

Mills said it has significant flexibility regarding its inventory of equipment, since the time between investment decision-making and receiving equipment is about 90 days.

With 17 branches in Brazil, Mills is based in Rio de Janeiro.