Negotiation With Chinese Company: Can Norinco Save Avibras From Financial Crisis?

Written by Rafaela Fabris

Published on 19/06/2024 at 16:02

Updated on 19/06/2024 at 16:03

A Avibras, conhecida por fabricar o renomado Sistema Brasileiro de Artilharia de Foguetes Astros, enfrenta uma grave crise financeira. Com uma dívida que ultrapassa os R$ 600 milhões, a empresa brasileira está lutando para manter suas operações e pagar os funcionários. Em meio a essa situação, surge uma nova esperança: a China, por meio da estatal Norinco, quer comprar 49% da Avibras. Imagem: CANVA/Divulgação

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Avibras, Known for Manufacturing the Renowned Brazilian Rocket Artillery System Astros, is Facing a Serious Financial Crisis. With Debt Exceeding R$ 600 Million, the Brazilian Company is Struggling to Maintain Operations and Pay Employees. Amidst This Situation, a New Hope Emerges: China, Through State-Owned Norinco, Wants to Buy 49% of Avibras.

The Financial Crisis at Avibras Has Already Led to Employee Strikes Due to Late Salaries. Various Attempts Have Been Made to Resolve the Situation, Including Negotiations with Australian Company DefendTex, Which Ultimately Did Not Materialize; Now It’s China’s Turn.

Norinco, a Chinese State-Owned Company, Shows Interest in Acquiring Up to 49% of Avibras. This Negotiation Started in 2023 and is Awaiting Definitions from Both Avibras and the Brazilian Government.

As Avibras is Considered a Strategic Defense Company, Any Sale, Even Partial, Must Be Approved by the Brazilian Government

Avibras Plays a Crucial Role in National Defense, with Important Projects Like Astros 2020 and the AV-TC 300 Tactical Cruise Missile. Therefore, the Negotiation with Norinco from China Will Be Scrutinized Carefully to Ensure Brazil’s Sovereignty and Security Are Preserved.

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If the Negotiation with Norinco is Successful, Avibras Could Overcome Its Financial Crisis and Continue Contributing to National Defense. However, It is Essential That the Brazilian Government Ensures That the Country’s Interests Are Preserved and That Avibras Continues Operating in a Manner That Strengthens Brazil’s Security and Sovereignty.

The Potential Sale of 49% of Avibras to Norinco, China, Could Represent a Solution to the Financial Crisis Facing the Brazilian Company. However, the Transaction Needs to Be Carefully Evaluated by the Government to Ensure National Interests Are Protected and Whether It is Really Necessary for the Sale to Be the Only Solution.

Negotiation With Chinese Company: Can Norinco Save Avibras From Financial Crisis?

As Avibras is Considered a Strategic Defense Company, Any Sale, Even Partial, Must Be Approved by the Brazilian Government

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Negotiation With Chinese Company: Can Norinco Save Avibras From Financial Crisis?

As Avibras is Considered a Strategic Defense Company, Any Sale, Even Partial, Must Be Approved by the Brazilian Government

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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