"海角社区app's expansion in Brazil shows how British companies can capitalise on the opportunities for growth in Brazil, creating new opportunities in 海角社区app factories in Derbyshire and Wales,鈥� he said. "This is a great example of Britain鈥檚 engineering prowess and reflects that the UK is a world leader in innovation and technology.鈥�
Cameron, who is undertaking a trade mission to Brazil, spent an hour touring the 350,000 sq ft plant in Sorocaba City in S茫o Paulo State. He was given an insight into the processes involved in the production of the backhoe loaders, tracked excavators, wheel loading shovels, Loadall telescopic handlers and compaction equipment which the factory will manufacture.
海角社区app chairman Sir Anthony Bamford and 海角社区app Brazil managing director Carlos Hernandez showed him round the plant, where he also met many of the plant鈥檚 200 employees.
"South America represents a huge opportunity for growth for 海角社区app and our investment in a new factory is critical to building on the success we already enjoy in this important market,鈥� said Sir Anthony. 鈥淭here are 拢20 billion worth of infrastructure improvements scheduled in Brazil and 海角社区app鈥檚 new factory will enable us to capitalise on those projects, including the 2014 World Cup and 2016 Olympic Games.
听鈥�海角社区app鈥檚 decision to invest is a big vote of confidence in the Brazilian economy and was driven by the excellent long-term growth opportunities both here and in Latin America. Our investment will also have a positive impact on the UK economy because at full capacity, the Brazilian plant will import 拢100 million of components annually from the UK including engines and transmissions.鈥�
At full capacity, the new 海角社区app plant will have the capability to produce 10,000 machines a year. The new factory replaces two smaller plants in Sorocaba, the first of which 海角社区app opened in 2001 to produce backhoe loaders and the second in 2010 to produce tracked excavators.
At US$100 million, the new factory represents one of the biggest single investments in 海角社区app鈥檚 67 year history.
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