Browsing: Economy

Mining company Vale do Rio Doce is going to invest US$ 59 billion to expand production until 2012. The enterprise expects strong demand from regions such as China, the Middle East and Brazil.

Disbursements by the Brazilian Development Bank totalled US$ 49.9 billion in 12 months, 34% more than in the previous period. Infrastructure and industry spearheaded financing.

Shipments totalled US$ 138 million in the first half. Africa and the Middle East answered to 25% of foreign sales of road equipment by the company, which has units in Algeria and Morocco.

The bus body maker exported 1,278 vehicles from its units in Brazil in the first half of this year. Despite tight profit margins, due to exchange rates, Marcopolo still sells on the foreign market.

Countries in the region are among the main destinations for some of the products most exported by Brazil in July. This is the case with refined sugar, chicken and sugar in bulk.

Companies in the footwear manufacturer hub of Nova Serrana, state of Minas Gerais, are restructuring to offer a faster fashion, to keep up with the needs of storeowners and the desires of consumers.