Brazil’s Shoe Factory to Invest US$ 11 Million

The shoes factory Calçados Beira Rio, from the southernmost Brazilian state of Rio Grande do Sul, is going to invest US$ 11.13 million in its industrial park in the next six years. The president of the company, Roberto Argenta, signed last week a protocol of intentions for investments with state’s government. The investment is likely to generate 260 jobs.

Beira Rio exports 8% of their production. It has industrial plants in the cities of Roca Sales, Taquara, Igrejinha, Osório and Novo Hamburgo, as well a partnership with the company Eva Sinos, in the city of Sapiranga. The company employs 3,700 workers in its six units and produces 1.8 million pairs of shoes per month.

The resources will be invested in the modernization of the equipment and the increase of the factories’ installations. The information is from the communications advisory of the government of the state of Rio Grande do Sul.

Anba

Tags:

Ads

You May Also Like

Brazil’s Debt Over US$ 300 bi

Brazil’s debt/GDP ratio spiked in May to 56.8 percent of GDP due to the ...

Brazil Has Nothing to Fear, Says Bolivia’s New President

Bolivian elected president Evo Morales said that the "gas business" with neighboring Argentina and ...

Finance Minister Foresees 4% Growth for Brazil in Coming 12 Months

In a sign that they intend to keep borrowing costs unchanged through the end ...