Manufacturing performance in Brazil increases in April
According to CNI (Brazilian National Confederation of Manufacturing), the utilization of the installed production capacity in Brazil increased in April 2019 to 77.8%.
CSN to invest USD$ 390 million in Sao Paulo
CSN, the second largest steel producer in Brazil with USD$ 6 billion in revenue, announced plans for a USD$ 390 million investment to install new production facilities in the state of Sao Paulo in order to support the new state-wide initiative that will create 11 manufacturing centers.
Brazil (Minas Gerais) wins the global dispute for FCA's production of turbo motors
The new factory in Betim (Minas Gerais) will receive an investment of USD$ 125 million, which elevates the company's investments in the Betim plant to USD$ 2.1 billion until 2024 and makes Betim the largest production polo in Latin America for motors and transmissions with the capacity of 1.3 million units per year by 2020.
Scania announces investment of USD$ 300 million in truck plant in Sao Paulo (Sao Bernardo do Campo)
Investments to modernize technologies will be made from 2021 - 2024.
Fiat Chrysler will invest an additional USD$ 1.9 billion in its plant in Pernambuco (Goiana)
This new investment will target new technologies and new suppliers with the goal of increasing its production capacity from 250,000 vehicles to 350,000 vehicles per year.
Note: The FCA plant has been operating three shifts for the past 14 months and produces one thousand vehicles daily.