General Motors named Paulo Sergio Rocha as CEO of its Korean operations. GM Korean subsidiary produces four times more than Brazil. Rocha began his career in product engineering at GM in 1979 and has held several key posts in Latin America. He was also Regional Vehicle Line Executive with responsibility for small car development forContinue reading “A Brazilian in charge of GM Korea”
Tag Archives: industry
Brazilian Industrias Romi acquires 3rd factory in Italy
Industrias Romi SA, leader in machinery and equipment, announced the acquisition of Italian company Fertigungssysteme Burkhardt + Weber GmbH for 20.5 million euros. This will be Romi’s third factory in Italy. “This acquisition will complement the business of the Romi machine tool division, which accounts for about 65% of our revenue,” said to Jornal Valor, LivaldoContinue reading “Brazilian Industrias Romi acquires 3rd factory in Italy”
Brazilian economy cools down with global turbulence
For the fifth consecutive week, Brazilian financial analysts reduced their estimates for the Brazilian economic growth this year. Local market sentiment poll – Focus Report According to the Focus report, released by the Brazilian Central Bank the forecast 2011 GDP (Gross Domestic Product) fell from 3.29% to 3.20%. The same happened in the inflation projectionContinue reading “Brazilian economy cools down with global turbulence”
Fiat, Mitsubishi and GM announce investments in Brazil
Carmakers Mitsubishi, Fiat and GM have announced plans to invest in Brazil in order to boost sales in the next years. According to Bloomberg, Brazilian carmakers produced a record 3.6 million vehicles last year, a 14 percent increase over 2009. Production growth may slow to 1.1 percent this year, Cledorvino Belini, president of the carmakers association,Continue reading “Fiat, Mitsubishi and GM announce investments in Brazil”
Brazilian companies attend the Hannover Industrial Fair
Brazil will be represented at the world’s largest display of technology for industries, the Hannover Industrial Fair in Germany. Brazilian companies wish to strengthen its brands internationally, but also to make contacts with representatives of the European market, and originate opportunities in other continents such as Asia, Africa and Oceania. “Brazil have traditionally participated in theContinue reading “Brazilian companies attend the Hannover Industrial Fair”
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