• Categories
  • Archives

Industry in South of Brazil Investing and Modernizing

Industries in the southern Brazilian state of Paraná are expanding investment in modernization of their industrial parks. A study published by the Brazilian Development Bank (BNDES) shows that between January and October 2005 the volume of funds invested by the sector grew 25%.

Thus meant a growth of approximately US$ 315 million, against approximately US$ 253 million in the first ten months of last year.

In the period, the productive sector in the state of Paraná (agriculture, extraction and transformation industry, services and trade) borrowed around US$ 1.1 billion, representing an increase of 10%.

"Industries are investing in modernization, seeking greater productivity gain and cost reduction," evaluated the president of the Federation of Industries of the State of Paraná, Rodrigo da Rocha Loures.

Between January and October this year, the sector that most sought loans was the food and beverage sector, with US$ 82.2 million, against US$ 61.2 million registered in the same period in 2004 (an increase of 34%).

Then came the equipment and machinery sector, which borrowed US$ 61.7 million, against US$ 21.4 million in the first ten months of the previous year (expansion of 188%).

Operations among micro, small and medium companies also grew. Through the BNDES Card – a card that the bank supplies and that operates like a credit card, but at lower interest rates -, the state of Paraná registered over double the operations as were registered in 2004.

A total of 1,779 cards were issued, and they had a turnover of US$ 20.6 million in 319 trade transactions. Last year, a total of 855 cards were issued, and they resulted in 102 transactions, for at total of US$ 7.3 million.

In 2005 the industrial also expanded exports of capital goods, like machinery and equipment. Figures supplied by the Foreign Trade Secretariat (Secex), collected by the Fiep International Business Center, show that up to October machinery purchases rose 40%. In all, investment totaled US$ 229 million, against US$ 163 million in 2004.

Omar Nasser works for the Federation of Industries of the State of Paraná.

Tags:

  • 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Your email address will not be published.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.

Ads

You May Also Like

Mired in Scandal, Brazil’s Lula Offers Ministries to New Allies

Scandal shocked Brazilian President Luiz Inácio Lula da Silva announced Thursday a new plan ...

Brazil’s Torture Centers for Kids

The always alleged lack of funds is not the cause of the breakdown at ...

We Are Forming No Axis, Says Brazil

The Brazilian Minister of Foreign Relations, Celso Amorim, affirmed that the meetings held today ...

New Signs of Brazilian Industry’s Contraction

Industrial production in Brazil dropped 2% in September, compared with August. In comparison with ...

Escondido in Maranhão state, Brazil

Brazilian Court Halts Building of Dam on Indian Land

During a meeting last week at Brazil's Ministry of Justice in BrasÀ­lia, 40 leaders ...

AIDS Help: Brazil Rejects US Demands for Sex Abstinence

The coordination of Brazil’s National Program for Sexually Transmitted Diseases and Aids (STD/Aids) reaffirmed ...

Brazil Chosen by World Health Organization As Model in Psychiatric Treatment

A group of ten countries formed by the World Health Organization (WHO) to serve ...

Calling the Tune

Which are the best Brazilian songs ever? Seven among the 10 best were composed ...

Brazil Creates Registry for Oil-Sector Small Companies

A national registry in Brazil is going to select products and services suppliers to ...