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:

Ads

You May Also Like

Average Interest Rate in Brazil: 29% a Year. In the World: 4%

Erivaldo Rodrigues of Austin Rating reports that Brazilian bank profits in 2005 were the ...

China-Brazil Partnership Gets Bigger and Closer

A trade mission from the Chinese province of Hubei is in São Paulo, in ...

Another Group of Uncontacted Peruvian Indians Shows Up in Brazil

A second wave of highly vulnerable uncontacted Indians has made contact with outsiders in ...

Operation Anti-Corruption in Brazil Leads to More than 1000 Arrests

Brazil’s Minister of Justice, Márcio Thomaz Bastos, defended political reform for the sake of ...

Brazilian Boy, 8, Survives 8 Days in Hole Eating Leaves and Mud

An eight-year old Brazilian boy ate leaves and mud and drank rainwater to survive ...

American WWII Plane Found in Brazil’s Amazon

A Brazilian archeological team from the Joaquim Caetano da Silva Museum, in Macapá, capital ...

Brazil’s Judicial Reform. Just the Facts.

Brazil’s Constitutional Amendment Proposal (PEC) for the reform of the Brazilian Judicial Branch was ...

Export area of Cumbica Airport in São Paulo, Brazil

For All Its WTO Haggling Brazil Will Get US$ 160 Million… in Loss.

Although official estimates of developing country benefits of the current world trade talks are ...

With Deepest Fall in 10 Years Car Industry in Brazil May Lay Off Hundreds of Workers

Brazilian General Motors Co wants to put nearly a fifth of its workers at ...

Mining in Brazil

Lula Ally Opposes Government Bill Regulating Mining in Indian Land

Senator Tião Viana (Workers' Party, state of Acre), the vice-president of the Senate, declared ...