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.

Understand The Case

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

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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