- THE MAGAZINE
The total investment will be around €43 million (~ $64 million), with the new production unit adding capacity of over one million windshields per year. The line is expected to be commissioned in early 2010, with the project generating approximately 120 new jobs in the region.
The automotive market in Brazil has grown rapidly over the past three years, and local vehicle production is forecast to rise to around 5.3 million vehicles a year by 2015. “Brazil is an important and growing market for Pilkington Automotive, and this investment will ensure that we are well positioned to support our customers locally,” said Pat Zito, president of the NSG Group’s Automotive business. “The investment represents a further step in the NSG Group’s preparations for phase two of our three-phase strategy, with strategic investments in key emerging markets.”
Visit www.nsggroup.net for additional information.