After Accumulating a Loss of R$ 1 Million, Indian Company Sells Factory to Company from Minas Gerais for Just R$ 1 Real

Written by Valdemar Medeiros

Published on 07/03/2022 at 11:41

Updated on 13/03/2022 at 23:34

Fábrica da Hindalco do Brasil – do grupo indiano Aditya Birla em Ouro Preto – Imagem: Correio de Minas/Reprodução

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In The Last 9 Months, The Indian Company Accumulated A Negative Balance Of R$ 1 Million And Therefore Decided To Sell The Factory To A Company In Minas Gerais For Just 1 Real

In About 9 Years Of Full Activity In Ouro Preto, Minas Gerais, Hindalco Do Brasil, A Company Of The Indian Group Aditya Birla, Announced Last Thursday (3) The Sale Of Its Saramenha Factory To Terrabel Empreendimentos, A Company Specialized In Machinery For Earthworks And Mining. Terrabel Closed The Deal For R$ 1 And Took Over All The Production Activities Of Alumina.

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According To Maurício Gontijo, CEO Of Terrabel, Hindalco In Minas Gerais Was In A Difficult Phase, Accumulating Significant Losses, And The Company’s Data Already Indicated A Negative Value Over 9 Months. Thus, The Factory Was Sold For Just R$ 1.

The Indian Company Was Accumulating A Loss Of R$ 1 Million Per Month, And Only In Mid-February Did They Have A Good Result. However, Even So, The Indian Company Preferred To Essentially “Pass” The Debt To The Company In Minas Gerais. The CEO Of Terrabel Stated That They Accepted The Proposal, And The Current Intention Is To Help The Company Grow Again.

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Ouro Preto City Hall Supports The Restructuring Of The Indian Company’s Factory

The Mayor Of Ouro Preto, Angelo Oswaldo, During A Meeting With The New Managers Of The Now Former Indian Company, Emphasized The Main Objective At The Moment, Which Is To Realign The City’s Interests With The Management That Took Over The Factory.

Attending The Meeting Were The Deputy Mayor, Regina Braga, The Secretary Of Economic Development, Innovation And Technology, Felipe Guerra, And The Strategic Consultant Of Hindalco Brasil, Eli Murilo Araújo. According To The Mayor, The Meeting Was Extremely Important For The Economy Of Ouro Preto, As It Consolidated The Continuity Of Industrial Operations Of The Former Indian Company Saramenha, Now Under New Management. Oswaldo Also Stated That Jobs Will Be Maintained At The Factory.

Former Indian Company Saramenha Will Now Be Called Actech

The Indian Management Of The Factory Announced Its Departure Last Thursday (3), With The Official Signing By Vishal Raman Singh From Hindalco, As Well As Maurício Gontijo From Terrabel Empreendimentos.

In The Issued And Signed Notice, The New Company Name Was Revealed, Which Has Been Named Alumina Chemical Technology, Or Actech. According To The Issued Statement, Hindalco Expressed Special Thanks To Everyone In The Ouro Preto Region, The State Of Minas Gerais, And All Federal, State, And Municipal Government Agencies That Welcomed Them Over Nearly 9 Years Of Their Presence In The City.

After Accumulating a Loss of R$ 1 Million, Indian Company Sells Factory to Company from Minas Gerais for Just R$ 1 Real

In The Last 9 Months, The Indian Company Accumulated A Negative Balance Of R$ 1 Million And Therefore Decided To Sell The Factory To A Company In Minas Gerais For Just 1 Real

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Ouro Preto City Hall Supports The Restructuring Of The Indian Company’s Factory

Former Indian Company Saramenha Will Now Be Called Actech

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After Accumulating a Loss of R$ 1 Million, Indian Company Sells Factory to Company from Minas Gerais for Just R$ 1 Real

In The Last 9 Months, The Indian Company Accumulated A Negative Balance Of R$ 1 Million And Therefore Decided To Sell The Factory To A Company In Minas Gerais For Just 1 Real

See Also

Understand The Case

Ouro Preto City Hall Supports The Restructuring Of The Indian Company’s Factory

Former Indian Company Saramenha Will Now Be Called Actech

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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