Brazil’s Shoe Factory to Invest US$ 11 Million

The shoes factory Calçados Beira Rio, from the southernmost Brazilian state of Rio Grande do Sul, is going to invest US$ 11.13 million in its industrial park in the next six years. The president of the company, Roberto Argenta, signed last week a protocol of intentions for investments with state’s government. The investment is likely to generate 260 jobs.

Beira Rio exports 8% of their production. It has industrial plants in the cities of Roca Sales, Taquara, Igrejinha, Osório and Novo Hamburgo, as well a partnership with the company Eva Sinos, in the city of Sapiranga. The company employs 3,700 workers in its six units and produces 1.8 million pairs of shoes per month.

The resources will be invested in the modernization of the equipment and the increase of the factories’ installations. The information is from the communications advisory of the government of the state of Rio Grande do Sul.

Anba

Tags:

You May Also Like

Poverty Affects 46% of Brazilian Children. In Northeast Number Reaches 68%

According to the latest Social Indicators 2008 report from Brazil's IBGE (Brazilian Institute of ...

In Piracy, Brazil Is in Good Company: China, Russia and Turkey

European Union business organizations claim that Brazil, Argentina, Chile and Paraguay are among the ...

Franchises in Brazil Are 90% National and Generate 30,000 Jobs

With an annual turnover of US$ 13.7 billion (32 billion reais), franchises currently account ...

Brazil Retaliates and Starts Delaying Argentina’s Trucks on the Border

Miguel Jorge, Brazil's minister of Development Industry and Trade, confirmed that the Brazilian government ...

Brazil Unhappy with Argentina’s Policy on External Tariffs

According to Brazil, the decision by Argentina to maintain a list of exclusions from ...

Dollar Reaches Record Lows in Brazil While Brazilians Spend 44% More in Overseas Trips

For the 6th straight day the American dollar continued on Tuesday its free fall ...

Fenavem, Latam’s Biggest Furniture Trade Fair, Opens in Brazil

Starting this Monday, August 1st, in São Paulo, Brazil, is the 24th edition of ...

Land of the Rolling Dunes

Through the years, the sand dunes of Mango Seco have advanced to the edge ...

Standard & Poor’s Once Again Upgrades Brazil’s Credit Rating

US-based financial compass Standard & Poor’s says it has revised its outlook on Brazil’s ...