Brasília – General Electric’s (GE) CEO, Jeffrey Immelt, met with president Dilma Rousseff this Thursday (27) to reassure the commitment to the multinational’s investment in Brazil. He says that the prospect is to increase the market share in Brazil.
“We adopt a long-term view on Brazil and we have predicted, as of now, that there will be a growth in the level of GE’s investments in the country. We see Brazil as one of the main partners in the future economy”, said Immelt after the meeting.
He pointed out that the lowering of the credit rating of the country, by the ratings agency Standard and Poor’, does not alter the multinational’s plans for Brazil. “[The lowering] does not change our investment plan at all”, he said.
Between 2011 and 2016, GE’s plan foresees investments of US$ 1.3 billion in all the company’s business areas in the country, including a repair center for turbine equipment.
Among the investments is also the building of a GE research center in Rio de Janeiro, the fifth biggest in the world. This center will cost roughly US$ 216 million and will be partners with the Federal University of Rio de Janeiro. The opening is scheduled for this year.
The Brazilian unit will develop researches in the oil and gas, electric energy, air crafting, railway transport and health areas. GE estimates that the center will have 100 employees, of which 80 will be researchers.
*Translated by Rodrigo Mendonça
