Alcoa Invests US$ 1.6 Billion in Brazil Creating 6,500 Jobs

Franklin Feder, the president of Alcoa for Latin America, announced that his company, one of the world’s largest aluminum producers, will invest US$ 1.6 billion in its Brazilian operations over the next three years.

The president of Brazil, Luiz Inácio Lula da Silva, was apprised of the amount of the investments at a meeting on Friday, September 23, in Brasí­lia. According to Feder, Lula emphasized the importance of the new investments for reinforcing the growth of the Brazilian economy and creating jobs.

The investments will serve to expand the production of the Alumar Consortium’s aluminum oxide refinery in São Luis, Maranhão, by more than 2.1 million tons; to implant a bauxite mine in Juriti, Pará, with an initial annual production of 2.6 tons; and to modernize the aluminum plant in Poços de Caldas, Minas Gerais, the first Alcoa factory in Brazil, functioning since 1970.

These investments will generate 6,500 direct jobs and contribute US$ 400 million per year to the Brazilian trade balance.

The global president of Alcoa, Alain Belda, who also participated in the meeting, praised the current Brazilian administration’s macroeconomic management.

Alcoa is active in 43 countries. In Brazil it has seven operating units, which are responsible for approximately 6 thousand jobs.

Agência Brasil


  • 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Your email address will not be published.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

For Brazilians, Vote Buying Scandal Is Just Politics as Usual, Shows Poll

Most Brazilians associate the recent charges and investigations of federal government corruption with the ...

Brazil’s Surplus Is Already US$ 7 Billion for the Year

Brazilian exports have yielded US$ 21.015 billion between the beginning of the year and ...

While the US Alienates Brazil and LatAm Spain Woos Them

The 2004 elections in Spain pitted incumbent Prime Minister José MarÀ­a Aznar López of ...

After Three Decades of Delays and Protests Amazon Hydro Project Ready to Start

In Brazil, building will begin now on what should be the world’s third-largest hydroelectric ...

Brazil Not Out of the Woods Yet. 1.3% GDP Growth Lower than Expected

According to the official release on Thursday from the Brazilian statistics office, the IBGE, ...

Kidnappers Release Brazilian Reporter

Globo, Brazil’s leading TV network, interrupted its regular programming early this morning to announce ...

In Brazil, Media Still Lives as when the Generals Ruled the Country

Reporters Without Borders has recently released a report entitled “Brazil, the country of 30 ...

In Show of Force, Brazil Goes to War Games in Defense of Newfound Oil

Petrobras, the Brazilian state-controlled oil and gas multinational, made headlines last November when it ...

Brazil Wants to Create a South American Interpol

The Brazilian government is sponsoring the creation of a Mercosur police force similar to ...