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

Brazil Goes to Germany for a Big Push of its Coffees

To consolidate Brazil's position as one of the leading suppliers of coffee to the ...

Brazil Buries Carlos, 11. Another Victim of a Killer Police

At noon, beside a putrid canal in Rio’s Vila do João shantytown, half a ...

Mercosur Is Crumbling, But Brazil Couldn’t Care Less

Mercosur is on flames and Brazil seems absent, according to one of President Lula ...

Coffee Break

Samba for the next millennium won’t be restricted to the borders of Brazil. Thanks ...

Brazil’s Petrobras Spends Close to US$ 300 Million in Social Projects

Petrobras, Brazil's state-controlled oil and gas multinational, provided sponsorship and support for 2,300 projects ...

Brazil Congress’s Special Session Will Give 310 Legislators Money for Doing Nothing

The president of Brazil’s Chamber of Deputies, Aldo Rebelo from the São Paulo PCdoB ...

Biojewels Are Not Just for Brazilians Anymore

With talent and creativity, artisan Jander Cabral, 34 years old, transforms seeds, shells and ...

Brazil Sets Record in Vehicle Production: 213.400 Units in May

Export earnings from sales of vehicles, agricultural machinery, auto parts, and motors rose 33.8% ...

Brazil Grants Google Reprieve: Two More Weeks to Turn In Confidential Data

The deadline given Google by the Brazilian Justice to turn in data on their ...

Brazilian Indians Take Over Indian Agency Office in Protest

A group of 23 Apolima-Arara from the Arara do Amônia indigenous land, located in ...