Lorenzetti Factory in Minas Gerais Will Receive R$ 200 Million in Investments and Create 500 New Jobs

Written by Roberta Souza

Published on 30/10/2021 at 02:27

Trabalhador da Lorenzetti/ Fonte: G1

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Located in the city of Poços de Caldas, in Minas Gerais, the factory of the bathroom utensils company announced new investments and jobs

The Lorenzetti group will invest R$ 200 million in expanding the sanitary ware factory in Poços de Caldas, in the south of Minas Gerais state. The amount will be allocated for assets and working capital with the aim of doubling production at the facility by the first half of 2024. A leader in showers, electric faucets, and gas water heaters, the brand also aims to be a reference in the segment, which it has been part of since 2015. Read this news too: Cervejaria Imperial to invest R$ 200 million to expand its factory in Minas Gerais

The New Investments in the Factory in Minas Gerais

According to the CEO of the group, Eduardo Coli, the investments will be made in two phases, culminating in the production of 200,000 pieces per month. The first phase, which has already begun, is expected to last about a year and a half and will consume R$ 80 million. The second phase will require the remaining funds, further expanding the installed capacity of the plant.

“Since acquiring the factory in 2015, we have made investments totaling around R$ 210 million in adaptations and expansions. Since then, we have increased from 24,000 square meters of built area to the current 35,000 square meters, and we will reach 54,000 square meters with this expansion, on a 185,000 square meter plot. We still have a little room to grow, but we can’t reach 300,000 pieces. For a larger leap, we will need to review our strategy,” he states.

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Job Creation in Minas Gerais

According to the company, with the planned amounts, in addition to the 500 new direct job openings at the factory in Poços de Caldas, indirect job opportunities will also be created in the municipality. Hiring is expected to begin in 2022.

“We will make an important investment in two phases at the Poços de Caldas factory, and we will naturally need a lot of labor, hence the creation of new direct and indirect job openings. This shows the confidence we have in the city and the importance of all the infrastructure and attention provided by the Poços de Caldas City Hall,” said the company’s CEO, Eduardo José Coli.

Also, check this news: New food sector factory will create 300 new jobs in Minas Gerais

GSA Alimentos was the winner of the bidding process for occupying the large warehouse that the City Hall of Ouro Preto built in the Cachoeira do Campo Industrial District, in Minas Gerais state. The company is expected to set up a food supply factory, potentially generating around 300 jobs in the district.

The city mayor, Angelo Oswaldo, announced on Monday (10/4) the winner of the bidding process that granted this concession, with no remuneration and with encumbrances. The future factory that will generate 300 new jobs will be the first construction in the District Industrial lot, which has an area of 45,013.35 m² and, according to the mayor, will become an industrial hub in the Cachoeira do Campo district.

“Ouro Preto is a city that lives off mining and tourism, and now we will bring companies for the long-desired diversification of the city’s economy. And the Industrial District will effectively be a generator of jobs and income.” According to the mayor, the bidding process for the factory was opened after finding irregularities in the previous administration, which granted another company the concession of the area for installing a venture that would generate about 20 jobs.

Lorenzetti Factory in Minas Gerais Will Receive R$ 200 Million in Investments and Create 500 New Jobs

Located in the city of Poços de Caldas, in Minas Gerais, the factory of the bathroom utensils company announced new investments and jobs

The New Investments in the Factory in Minas Gerais

Job Creation in Minas Gerais

Also, check this news: New food sector factory will create 300 new jobs in Minas Gerais

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Lorenzetti Factory in Minas Gerais Will Receive R$ 200 Million in Investments and Create 500 New Jobs

Located in the city of Poços de Caldas, in Minas Gerais, the factory of the bathroom utensils company announced new investments and jobs

The New Investments in the Factory in Minas Gerais

Job Creation in Minas Gerais

Also, check this news: New food sector factory will create 300 new jobs in Minas Gerais

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.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

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.

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Comet 3I/ATLAS comes from outside the Solar System, carries “heavy” water at an unprecedented level, and leaves scientists intrigued about where this alien visitor truly originated.

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