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Article: Dana transfers plants to Brazil.
- Article from:
- South American Business Information
- Article date:
- May 28, 2003
CopyrightCOPYRIGHT 2003 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, May 27, 2003 (Gazeta Mercantil/SABI via COMTEX)
The US car parts maker Dana is transferring its units from other countries to Brazil, and until 2004, the plants based in the country will export more than US$40mil per year. It will represent a boom of 61% in the parts exports, which were of US$65mil in 2002. The Diadema-based plant (Sao Paulo) is starting to produce petroleum pumps and pumps to hydraulic steering systems that used to be produce in England. The transfer might generate businesses of US$20mil per year. Besides that, further two plants, from the US and from Europe, will be brought to Gravatai (Rio Grande do Sul), through investments of US$2mil. ...