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DS Multimedia Kiota Plans to Open Factory in the Industrial Hub of Manaus, Creating 3,000 Direct and Indirect Jobs. In Addition to Producing Electronics, the Group Plans to Establish a Technology Innovation Center.
The South Korean Group DS Multimedia Kiota has revealed an investment plan in Brazil. With an initial investment exceeding R$ 750 million, the company is preparing to open a factory in the renowned Industrial Hub of Manaus (PIM), promising not only to boost the local economy but also to create job opportunities for thousands of workers.
The announcement of the new factory, made on Monday, (03/18), at the headquarters of the State Secretariat for Economic Development, Science, Technology, and Innovation (Sedecti), brings prospects for the region and for the technology and sustainable energy sector.
DS Multimedia Kiota Announces Million-Dollar Investment to Establish a Factory in the Heart of the Industrial Hub
Ulisses Albuquerque, consultant for DS Multimedia Kiota, emphasized that this will be the company’s first manufacturing unit in the Free Trade Zone of Manaus, expanding its global presence which already includes factories in South Korea, Singapore, and Malaysia, as well as joint ventures in other countries.
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The factory’s facilities are expected to be ready by next May, marking the beginning of a new era for the region.
The investment is not limited to just creating job opportunities and producing electronics.
The Group plans to establish a Technology Innovation Center, dedicated to developing new products and international technology transfer.
This initiative not only strengthens Brazil’s position as a global innovation hub but also promotes the creation of cutting-edge technological solutions for the local and international markets.
Forecast of 3,000 Direct and Indirect Jobs with the Arrival of the New Manufacturing Unit of the South Korean Company
Serafim Corrêa, Secretary of State for Economic Development, highlights the crucial role played by the investment and the new factory of DS Multimedia Kiota.
He emphasizes the favorable business environment of the Free Trade Zone of Manaus and the tax incentives that have attracted investors from around the world.
The partnership between Brazil and South Korea promises to be a great success, further boosting the economic and technological development of the region.
The announcement of investment from DS Multimedia Kiota represents not only a significant injection of capital into the economy of Manaus but also a vote of confidence in Brazil’s potential for growth and innovation.
With the new factory, the creation of thousands of job opportunities, and the establishment of a Technology Innovation Center, the South Korean Group demonstrates its commitment to sustainable development and technological excellence.
This is just the beginning of a promising partnership that is set to benefit both the local and global economy.
About DS Multimedia Kiota in Brazil
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