Brazilian Embraer to Build Assembly Plant in China

Home>>Business

Last updated at: (Beijing Time) Monday, June 03, 2002

Brazilian Embraer to Build Assembly Plant in China

Aircraft manufacturing giant Embraer is joining with a State-owned Chinese aviation company to build an aircraft assembly and components factory in China, Embraer's president confirmed.

DISCUSSION

CHINESE

SEND TO FRIEND

About Embraer

Embraer has become one of the largest aircraft manufacturers in the world by focusing on specific market segments with high growth potential in regional, military, and corporate aviation. Visit Embraer

Aircraft manufacturing giant Embraer is joining with a State-owned Chinese aviation company to build an aircraft assembly and components factory in China, Embraer's president confirmed.

In an interview with the Folha de Sao Paulo newspaper published Sunday, Mauricio Botelho said the new plant at first will only produce aircraft components and assemble planes shipped from Brazil and may eventually manufacture airplanes there.

Embraer, the world's fourth largest commercial aircraft manufacturer, will hold a 51 percent stake with the joint venture with the State-owned Aviation Industry of China. Botelho gave no further details on the project.

"It is a market with an enormous potential and we may begin building the factory this year," Botelho said.

News of Embraer's plan in China was first published last week by the O Estado de Sao newspaper, which reported China planned buy as many as 400 jets in the next 10 years.

Embraer sold 174 aircraft in 2001, including 161 of the company's ERJ regional jets.

Last year, it exported US$2.8 billion worth of aircraft.

Source: Agencies

Questions?Comments? Click here

China, Brazil to Co-Launch 2nd Satellite This Year

China to Launch New Earth Resources Satellite

WTO Entry to Bring China an Annual Increase of 3 Million Employment ( 21 Messages)

'Kunlun' Jet-engine to Power China's Airforce ( 6 Messages)

Japanese, Chinese Economy Combined to Overtake US in 20 Years ( 72 Messages)

China Wins Contract to Build Another "Three Gorges" Dam in Africa ( 4 Messages)

US Taiwan Acts Jeopardize Sino-US Ties: Analysis ( 42 Messages)

China's Economy will be World's Second-largest by 2030: Report ( 5 Messages)