Brazil’s Embraer to Invest US$ 231 Million in Portugal Units

Legacy executive jet made by Brazil's Embraer Embraer, Brazil's aircraft maker, is going to set up two new industrial units in the city of Évora, in Portugal. One of them should be used to produce metallic assemblies and the other composite material products. This information was disclosed by the aircraft manufacturer last weekend.

í‰vora was chosen due to access to qualified labour, logistics infrastructure and to the existence of a technological park turned to the aeronautics industry. According to Embraer, the units should have a high level of industrial automation and innovative processes. Investment should reach US$ 231 million in six years.

The investment had already been forecasted in the company's planning, according to an Embraer press statement. "We are pleased to announce new investments in Portugal, which represent another important strategic step towards improving Embraer's productivity and competitiveness, whilst also supporting the company's growth and its global presence," said the company's president and CEO, Frederico Fleury Curado.

According to Curado, í‰vora, Portugal and the European Union are benefited by the operations. The European Union, pointed out the company's president, is one of the largest and most important markets for Embraer, both for the purchase of equipment and inputs and for the sale of aircraft.

Embraer is the world leader in commercial jets for up to 120 passengers and one of the main Brazilian exporters. The company is headquartered in the city of São José dos Campos, in the interior of the state of São Paulo, and also has operations in the United States, France, Portugal, China and Singapore.

Anba

Tags:

You May Also Like

Russia Ends Embargo on Brazilian Meat

Russia suspended today its embargo on beef and pork imports from six Brazilian states: ...

With Exports Down by Half Brazilian Carmakers Urge Lower Export Taxes

An old request of Brazilian businessmen, lower export taxes, was one of the main ...

Arab Summit: Now in Brazil, Next in Morocco

The Brazilian Minister of Foreign Relations, Celso Amorim, announced that the next meeting of ...

Brazil Won’t End Child Labor Before 2017

Brazil’s Ministry of Social Development and Hunger Alleviation intends to integrate, in 2006, the ...

Brazil’s Carnaval: a Primer

Carnival is Rio’s main event. It happens at the peak of summer, when Cariocas ...

Brazil’s Gol and American Offer Joint Frequent Flyer Program Plus Code Share

US-based American Airlines, which offers more flights to Brazil than any other US airline, ...

Brazil Gives in Paris a Few Fashion Lessons

Printemps Haussman, the main store of Printemps, the famous French chain of department stores ...

For UN, Brazil’s Biofuel Model is a Win, Win, Win Strategy

Brazil's experience on biofuels development strategy is considered to be a model . This ...

Brazil's Potiguara Indians

Brazil’s Highest Court Sides With Indians Against Rice Farmers

Brazil's Supreme Federal Court (STF) has denied writs of mandamus which challenged presidential decrees ...

Amnesty Condemns Killings of Police in Brazil and Warns Against Retaliation

Amnesty International released a note saying the it totally repudiates the recent wave of ...