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

Tobacco Growers in Brazil Can’t Do Anything Else

Tobacco is the chief crop in Santa Cruz do Sul, 167 kilometers from Porto ...

Portugal, a Brazil Colony

Wandering around the streets of Lisbon, you will eventually bump into a Brazilian. It ...

In Brazil, Education Is Not Guarantee of Good Job or Even a Job

Unemployment, informality and inactivity threaten the future of nearly 106 million young people in ...

Despite Lack of Skilled Workforce and Infrastructure Rio Gets Ready for Olympic-Size Growth

With production of pre-salt oil in ultra-deep waters, the Soccer World Cup in 2014 ...

Brazilians Can Now Go to Court on the Internet

Brazilian ministers of Justice, Márcio Thomaz Bastos, and Communications, Hélio Costa, and the chief ...

Brazil to Create 5 Industrial Airports with Tax Breaks for Exports

Infraero, the Brazilian Airport Infrastructure Company, a public organization that manages the airports in ...

Brazil Enters a New and Cheaper Era of Bonds in Europe

Before the end of this month, Brazil will begin operating on the principal electronic ...

Brazil to Stop Requiring Visa from Americans

The President of Brazil’s Chamber of Deputies, Severino Cavalcanti (from the Progressive Party of ...

For Brazilian President the G-8 Is Dead, Long Live the G-20

Brazilian President Lula da Silva said on Saturday the Group of Eight is no ...

Brazilians Want Foreign Trade Policy That Will Make Them Competitive

The main suggestion presented by Brazilian businessmen who operate in foreign trade in Brazil ...