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

Brazzil Magazine covers

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

Brazzil Magazine covers

Making It There

It is believed that for every Brazilian who makes it big in the United ...

Brazzil Magazine covers

Fighting Poverty Protects Democracy, Brazil and Mercosur Agree

Eight foreign ministers and 11 undersecretaries from the Rio Group of Latin American nations ...

Brazzil Magazine covers

Each Brazilian Consumes 12 lbs of Coffee a Year, But They Want More

The domestic consumer market for Brazilian coffee surpassed 17 million bags of coffee from ...

The King of the River

CDs or Books by Keyword, Title or Author By Hélio Pólvora À memória de ...

Brazzil Magazine covers

Iraqi Women and Their Desires in a Brazilian Stage

Sitting on a bench, an Iraqi woman named Amal, fully covered by her black ...

Brazzil Magazine covers

With 200% Credit Card Interest Rates Brazil Bracing for 12.5% Prime Rate

The Brazilian Central Bank’s Monetary Policy Committee (Copom), which sets the country’s basic interest ...