Brazilian multinationals in Egypt halt operations

Marcopolo and Randon discontinued operations in Egypt due to political tension demanding the end of President Hosni Mubarak.

 

Bus manufactured by Marcopolo

Marcopolo, a manufacturer of buses, decided yesterday to bring back to Brazil three employees after being informed by the Egyptian partner that the situation has worsened and that in addition to insecurity, since there is a risk of missing food and fuel.

 

Randon  has a complete line of equipment for the transport of cargo by land, with its towed vehicles (trailers / semi-trailers), rail cars and specialty vehicles. They also operate in the segment of auto parts, automotive systems.  Last year the company signed an agreement with Power Egypt to assemble trucks with the brand Randon.

Randon plant in Brazil

According to Jornal Valor, several foreign and local companies – including Volkswagen, Nissan, BG and Statoil – are closing or slowing down temporarily because of operational difficulties caused by the demonstrations and the curfew from 15h to 8h, in force since the end of last week.  Banks and financial markets did not work yesterday.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil.
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