Chinese Manufacturer Announces R$ 1 Billion Mega Investment to Open New Factory in Brazil and Create Thousands of Jobs

Written by Valdemar Medeiros

Published on 23/08/2024 at 09:14

Foto: Dall-e

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A Chinese Manufacturer Announced A Billion-Dollar Mega Investment For The Construction Of A New Factory In Brazil. The Initiative, Which Will Be Located In Bahia, Promises To Generate Numerous Jobs In The Region, Boosting The Local Economy And Strengthening The Industrial Sector Of The State.

Several tire manufacturers, particularly Chinese companies, are eyeing Brazil to make significant mega investments. XBRI Tires, a Brazilian brand that currently outsources its production to countries like Thailand, Vietnam, Turkey, Cambodia, and China, is at the forefront of an ambitious R$ 1.5 billion project. Additionally, LingLong, a well-known Chinese manufacturer, plans to establish a new factory in Brazil, an endeavor that promises to generate thousands of jobs with an investment of R$ 1 billion.

It doesn’t stop there: another Chinese giant, Sailun Tyre, also plans to invest heavily in the country, with a funding of R$ 2 billion. These investments will not only strengthen the Brazilian automotive sector but also boost the economy, creating job opportunities and industrial development.

Bahia Is A Strong Candidate To Receive Mega Investment

The Chinese manufacturer LingLong, planning a mega investment of R$ 1 billion, sent a delegation to Brazil last month to assess land in Sete Lagoas and Pouso Alegre, in Minas Gerais, and in locations in the Northeast. These companies seek to be closer to established automakers or those arriving in Brazil, reducing delivery times.

ARTICLE CONTINUES BELOW

Other Brazilian States Are Also Being Evaluated To Receive New Asian Factories

Paraná, São Paulo, Rio Grande do Sul, Espírito Santo, Goiás, and Minas Gerais are among the states evaluated by Sunset to receive mega investments and generate thousands of jobs.

Sunset is looking for a land of approximately 100 hectares for the factory, which will have the capacity to produce 5 million car tires and another 2 million for trucks. According to the institutional relations director of Sunset, Samer Nasser, the company is in the phase of defining which location it will set up in.

According to XBRI, Brazil offers an expanding market with great growth potential. XBRI tires, imported from China, Vietnam, Malaysia, and Thailand, meet the main vehicle models present in the national market and are strong in replacement, with a presence in distributors and large retailers.

Last year, more than 3.5 million tires from the brand were sold, generating revenue of R$ 4.5 billion, with a projected advancement of 20% in 2024.

Company Comments On Mega Investment

According to Nasser, XBRI Tires was founded 36 years ago and has strategically positioned itself through the development of products designed for Brazilian climate and road conditions, but with 100% production abroad.

Currently, production, logistics, and tax costs for export from factories in Asia are already similar to production costs here, so it is understood that the time has come to make this mega investment that will create thousands of jobs.

Nasser noted, however, that it is crucial for the federal government not to raise the import tax on tires from 16% to 35%, a demand from Anip that is being analyzed by Camex, the Foreign Trade Chamber of MDIC, the Ministry of Industry, Trade and Services.

For a new factory to be established in Brazil by the Chinese manufacturer, it is necessary to continue building a market for its tires, with a distribution and commercialization network.

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Dal pai.

#42180

30/08/2024 08:33

Propaganda enganosa, todo comunista é assim, assim como é o LULADRAO que prometeu picanha e cerveja, e o povo **** acredita. Assim se perpetuam no poder com mentiras.infelismente.

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Danilo

#42107

29/08/2024 21:50

Vai gerar emprego e renda para os ****munistas chineses

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Júlio César

#41685

27/08/2024 15:13

O Brasil sempre dará múltiplas oportunidades aos estrangeiros…
Não importa o “colonizador”… O importante é mantermos os privilégios de poucos ditos brasileiros e dos representantes das potências estrangeiras…
Nossa classe dominante é submissa e subserviente às potências estrangeiras e **** e prepotente com o próprio povo…

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Chinese Manufacturer Announces R$ 1 Billion Mega Investment to Open New Factory in Brazil and Create Thousands of Jobs

A Chinese Manufacturer Announced A Billion-Dollar Mega Investment For The Construction Of A New Factory In Brazil. The Initiative, Which Will Be Located In Bahia, Promises To Generate Numerous Jobs In The Region, Boosting The Local Economy And Strengthening The Industrial Sector Of The State.

Bahia Is A Strong Candidate To Receive Mega Investment

Other Brazilian States Are Also Being Evaluated To Receive New Asian Factories

Company Comments On Mega Investment

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Chinese Manufacturer Announces R$ 1 Billion Mega Investment to Open New Factory in Brazil and Create Thousands of Jobs

A Chinese Manufacturer Announced A Billion-Dollar Mega Investment For The Construction Of A New Factory In Brazil. The Initiative, Which Will Be Located In Bahia, Promises To Generate Numerous Jobs In The Region, Boosting The Local Economy And Strengthening The Industrial Sector Of The State.

Bahia Is A Strong Candidate To Receive Mega Investment

Other Brazilian States Are Also Being Evaluated To Receive New Asian Factories

Company Comments On Mega Investment

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

The island that has 35 inhabitants and celebrates Christmas on January 6: the remote island of Foula lives in isolation, without internet and following Julius Caesar’s calendar for centuries.

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Scientists are studying GJ 1214 b, a planet 40 light-years away that may concentrate water on a much larger scale than Earth, and this “ocean world” helps to understand how to store, protect, and maintain the planet’s most valuable resource under extreme conditions.

Scientists are investigating Ganymede, a moon larger than Mercury that may hide a global ocean under kilometers of ice, containing more water than all of Earth’s oceans and transforming the largest satellite in the Solar System into a colossal, yet inaccessible, reservoir.

18 scientists issue a warning in a new study: extreme events could affect 36% of terrestrial habitats by 2085 and subject species to heat, fires, droughts, and floods in succession.

Alert in the US: wildfire smoke enters deep into the lungs, reaches the bloodstream, and is already associated with 24,100 deaths per year

Rare earths, critical minerals, and strategic minerals are not the same thing, but all are at the center of the century’s biggest geopolitical dispute, and Brazil holds gigantic reserves in Minas Gerais, Goiás, Amazonas, and Bahia that could change the global game of the energy transition.