• Categories
  • Archives

Industry in South of Brazil Investing and Modernizing

Industries in the southern Brazilian state of Paraná are expanding investment in modernization of their industrial parks. A study published by the Brazilian Development Bank (BNDES) shows that between January and October 2005 the volume of funds invested by the sector grew 25%.

Thus meant a growth of approximately US$ 315 million, against approximately US$ 253 million in the first ten months of last year.

In the period, the productive sector in the state of Paraná (agriculture, extraction and transformation industry, services and trade) borrowed around US$ 1.1 billion, representing an increase of 10%.

"Industries are investing in modernization, seeking greater productivity gain and cost reduction," evaluated the president of the Federation of Industries of the State of Paraná, Rodrigo da Rocha Loures.

Between January and October this year, the sector that most sought loans was the food and beverage sector, with US$ 82.2 million, against US$ 61.2 million registered in the same period in 2004 (an increase of 34%).

Then came the equipment and machinery sector, which borrowed US$ 61.7 million, against US$ 21.4 million in the first ten months of the previous year (expansion of 188%).

Operations among micro, small and medium companies also grew. Through the BNDES Card – a card that the bank supplies and that operates like a credit card, but at lower interest rates -, the state of Paraná registered over double the operations as were registered in 2004.

A total of 1,779 cards were issued, and they had a turnover of US$ 20.6 million in 319 trade transactions. Last year, a total of 855 cards were issued, and they resulted in 102 transactions, for at total of US$ 7.3 million.

In 2005 the industrial also expanded exports of capital goods, like machinery and equipment. Figures supplied by the Foreign Trade Secretariat (Secex), collected by the Fiep International Business Center, show that up to October machinery purchases rose 40%. In all, investment totaled US$ 229 million, against US$ 163 million in 2004.

Omar Nasser works for the Federation of Industries of the State of Paraná.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Higher Court Gives Green Light to Amazon’s Hydroelectric Plant

A higher court in Brazil lifted an order that suspended construction of the massive ...

A Sophisticated Brazilian Bikini Line for Export Only

When she was a mere 6, Brazilian Luciana Martinez, from the southernmost Brazilian state ...

Brazil Creates Police Force for Triple Frontier

The Maritime Police Nucleus (Nepom) of Brazil’s Federal Police, located on the shores of ...

Now, Brazil Wants Zero Deforestation

Brazil’s Minister of Environment, Marina Silva, reports that the government is studying the establishment ...

The Show of the Year

Casa dos Artistas became a fever, with 20 million people watching it daily. The ...

Brazil and UK Sign Agreements on Health, Poverty and Ecology

On the second day of his State visit to the United Kingdom, this Wednesday, ...

Brazil and South America Aren’t Washington’s Open Backyard Anymore

When Evo Morales won his stunning December 18 presidential election victory, he did more ...

A Case for Opening US Gates to the World and Saving Brazil’s Amazon

The immigration issue will net the GOP little, remember that the compromise that was ...

Brazil Is Teaching World How to Deal with Economic Crisis, Says Lula

Brazilian President, Luiz Inácio Lula da Silva says that Brazil is overcoming the current ...

Violence Has Emptied Brazil’s Stadiums. Average Attendance Is 20%.

Brazilian Minister of Sports, Agnelo Queiroz, says that if integrated action is taken against ...