• Categories
  • Archives

GE Sets Up in Brazil Technology Center for All of Latin America

GE works with Petrobras American company General Electric announced that it intends to set up a technology center in Brazil. It will be the fifth center of the type for the company, which has similar hubs in Germany, India, China and the United States.

The announcement was made by the company’s global chairman, Jeffrey Immelt, after a meeting with the Brazilian minister of Science and Technology, Sergio Resende. The center is going to supply all of Latin America.

According to Immelt, GE invests US$ 6 billion a year in research worldwide. He did not specify the location in which the center will be built, nor the total investment, but stated that all market possibilities will be analyzed.

Immelt claimed that the company’s intention is to hire local talent and transfer technology. He also announced the signing of a sales contract for 50 locomotives to the Brazilian fuel and lubricant manufacturer company Cosan Combustíveis e Lubrificantes, totaling US$ 130 million.

GE had already announced an investment of US$ 118 million in Brazil, US$ 50 million of which should go to a healthcare equipment factory in the city of Contagem (state of Minas Gerais),

Another US$ 35 million will be used for an aircraft turbine maintenance plant in Petrópolis (state of Rio de Janeiro), US$ 21 million to pre-salt oil drilling, and US$ 12 million to a locomotive factory in Minas Gerais. In its initial phase, the investment should generate 600 direct jobs.



  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

This Brazilian Doctor Brought Forth 5,000 Test Tube Babies

When he travelled to Lebanon for the first time, six years ago, doctor Roger ...

Rio Sol, a Brazilian Wine, Wins the Taste Test in 20 Countries

An entirely Brazilian wine is now greatly appreciated by the guests at the Burj ...

Brazil Might Accept Technology Transfer in Lieu of Retaliation Against US

The Brazilian government and the United States may have satisfactorily resolved a longstanding dispute ...

New World Bank Chief Wants a Can-Do Team While Brazil & Friends Won’t Do US Will

Global economic governance is flailing – and the Bush administration seems determined to deprive ...

Newark Celebrates Brazil

This past weekend was Newark’s turn to celebrate Brazil’s Independence Day. The Newark celebration ...

Brazilian Bank Lends US$ 19 Million to Transport Grain

The Brazilian Development Bank (BNDES) announced a loan of US$ 18.7 million for the ...

Brazil’s Miracle Man John of God Draws the World’s Incurables

About 300 people come to a small town of Abadiânia, in the Brazilian midwest ...

What Brazil Needs Are Real Jobs

The director of the International Labor Organization (ILO) in Brazil, Armand Pereira, affirmed that ...

Saudi Arabia

Brazil and Saudis to Triple Their Trade to US$ 10 Billion

Brazilian trade with Saudi Arabia may reach US$ 10 billion in four years. The ...

Brazil coffee for export

Brazil Exports US$ 3.4 Billion of Coffee in a Year. An All-Time Record

Brazilian coffee exports yielded US$ 3.4 billion between March 2006 and February this year. ...