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New factory in Brazil! Construction company announces investment of R$80 MILLION to build new unit, with expectation of creating 200 jobs

Written by Ruth Rodrigues
Published 30/08/2024 às 20:13
Lightwall invests R$80 million in a new factory in Minas Gerais, creating 200 jobs and strengthening the construction industry in the state.
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Lightwall invests R$80 million in a new factory in Minas Gerais, creating 200 jobs and strengthening the construction industry in the state.

Last Thursday (29/8), the state of Minas Gerais stood out as one of the main hubs for attracting investment in Brazil, with the announcement of a new factory by Lightwall, a company specialized in solutions for construction. The investment, worth R$80 million, is part of a broader strategy to expand the company in the country and promises to generate 200 direct jobs in the state. The confirmation was made during a meeting in São Paulo, which brought together authorities and businesspeople from various sectors, highlighting the economic potential of Minas Gerais as a promising destination for new ventures.

The Government's initiative and investment

A initiative of the Minas Gerais government, through the State Secretariat for Economic Development (Sede-MG) and Invest Minas, aimed to present the competitive advantages that the state offers, attracting the interest of major market players.

The event also served as a platform to discuss the economic outlook in light of the ongoing tax reform in Brazil, reinforcing Minas Gerais' position as a favorable environment for investment, especially in the construction sector.

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Strategic meeting with entrepreneurs and investors

The meeting, promoted by the Government of Minas Gerais through the State Secretariat for Economic Development (Sede-MG) and the linked agency Invest Minas, was an initiative aimed at national and international funds and business groups with investments in the state.

During the event, market scenarios and dynamics were discussed due to the tax reform underway in Brazil.

The objective was to reinforce that Minas Gerais is a favorable environment for new businesses, even in the face of upcoming tax changes.

Governor Romeu Zema emphasized the success of his administration in attracting investments and generating jobs.

“We are breaking records in attracting investment and creating jobs. During my administration, we broke the barrier of 900 jobs created, with formal contracts, and we are heading towards the mark of R$500 billion attracted in private investment,” declared Zema.

He also assured that the tax reform will not have negative impacts on companies that are already established or that intend to set up in Minas Gerais.

Government support for investment and participation of authorities

The meeting was attended by several authorities from the Minas Gerais government, including the Secretary of State for Economic Development, Fernando Passalio, and the Secretary of State for Infrastructure, Mobility and Partnerships (Seinfra), Pedro Bruno Barros.

Also participating were the CEO of Invest Minas, João Paulo Braga, and other representatives of the state public administration.

During the discussions, the government's commitment to anticipating scenarios and creating a favorable environment for private investment in the state was highlighted.

Fernando Passalio, Secretary of State for Economic Development, highlighted that the Minas Gerais government aims to demonstrate credibility and security for its investors.

“Anticipating scenarios and seeing opportunities in the most diverse situations is one of the great differences of this management of the Government of Minas Gerais”, he stated.

He also highlighted that the private sector is the main means of generating more jobs and income for the people of Minas Gerais, reinforcing the role of the state in attracting new investments for the construction industry and other sectors.

Large companies participate in the event

Between the companies Present at the meeting were important names from the financial market and other sectors, such as BTG, Brookfield, CS/Patria, CY Capital, Diase, Fulwood, Huma Capital, RBR, VBI, Vinci, XP, Stellantis, Cimed and Mercado Livre.

The participation of these companies reinforces the relevance of the event and the continued interest in investing in the state of Minas Gerais.

João Paulo Braga, CEO of Invest Minas, highlighted the importance of bringing together major market players to discuss the opportunities that the state offers, especially at a time of change like the current one.

“Invest Minas is always attentive and seeks to anticipate market needs. With the imminent Tax Reform, we understand that it would be interesting to showcase all the conditions we have built throughout Governor Romeu Zema’s administration. Therefore, there is nothing better than bringing together major national and international players,” said Braga.

With the announcement of Lightwall's investment and the continued attraction of new companies, Minas Gerais consolidates its position as one of the main investment destinations in Brazil.

The state, which already stands out for its ability to attract companies from different segments, reinforces its commitment to economic development and job creation, especially in the construction sector.

Expectations for the future are positive, with the prediction that new investments will continue to be attracted to Minas Gerais, further strengthening the local economy and offering new opportunities for Minas Gerais workers.

The state government, in turn, remains committed to creating an environment that is increasingly conducive to business growth and the sustainable development of the state.

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Ruth Rodrigues

Graduated in Biological Sciences from the State University of Rio Grande do Norte (UERN), she works as a writer and scientific disseminator.

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