Rolls Royce Increasing Investments in Brazil
Claudio Paschoa
June 16, 2013
Relying on the expected growth of the O&G industry in Brazil and the influx of new rigs and FPSOs in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a $60 million investment in a new plant to build energy modules for offshore rigs. The plant will be located in Santa Cruz, in the outskirts of Rio de Janeiro. The manufacturing plant is slated to begin operations by the third quarter of 2012. Rolls Royse is also seriously considering another $60 million investment in Brazil in the next 2 or 3 years, in the O&G sector and in other sectors such as airplane turbines. The location in Santa Cruz was chosen because of its proximity to the company´s client base in Rio de Janeiro and also to its proximity to the Campos Basin…