Brazil's Embraer to open two plants in Portugal
Brazilian aircraft builder Embraer is to open two plants at Evora in southern Portugal, the firm's head announced Saturday at a ceremony attended by the leaders of both countries.
By Agencies |
LISBON: Brazilian aircraft builder Embraer is to open two plants at Evora in southern Portugal, the firm's head announced Saturday at a ceremony attended by the leaders of both countries.
Frederico Fleury Curado said the company's move into Europe was "a step forward in the internationalisation of the group."
The two factories, producing metal structures and composite materials, are expected to be operational by the end of next year and provide 500 jobs.
Brazil's President Inacio Lula da Silva said Portugal was "an excellent entry to the European market," while Portuguese Prime Minister Jose Socrates called Embraer's investment "of great importance for Portugal's economy and industry."
Lula was in Portugal for a summit of Portuguese-speaking countries and was asked by Socrates to stay on afterwards for the public launching of Embraer's project.
"This enables us to take an important technological step," Socrates said. "Up to now we only carried out maintenance of aircraft ... for a long time we have been wanting an aeronautical plant."
According to Embraer's website the new factories will represent an investment of 100 million euros (160 million dollars) and 48 million euros respectively over the next six years.
Embraer makes a wide range of small and medium-sized commercial, executive and military jets.
Frederico Fleury Curado said the company's move into Europe was "a step forward in the internationalisation of the group."
The two factories, producing metal structures and composite materials, are expected to be operational by the end of next year and provide 500 jobs.
Brazil's President Inacio Lula da Silva said Portugal was "an excellent entry to the European market," while Portuguese Prime Minister Jose Socrates called Embraer's investment "of great importance for Portugal's economy and industry."
Lula was in Portugal for a summit of Portuguese-speaking countries and was asked by Socrates to stay on afterwards for the public launching of Embraer's project.
"This enables us to take an important technological step," Socrates said. "Up to now we only carried out maintenance of aircraft ... for a long time we have been wanting an aeronautical plant."
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According to Embraer's website the new factories will represent an investment of 100 million euros (160 million dollars) and 48 million euros respectively over the next six years.
Embraer makes a wide range of small and medium-sized commercial, executive and military jets.
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