Wednesday, April 2, 2014

Brazil: Spain-Based Roca To Build 9th Plant Near Recifé

According to EFE, Spain-based multinational Roca opened a bathroom-fixtures factory Wednesday in northeastern Brazil.

State Gov. Eduardo Campos, who will step down Friday (April 4) to run as the Brazilian Socialist Party’s presidential candidate in the October 5 election, was on hand for the ceremony.

The new US$19.5 million factory in Vitoria de Santo Antao, 45 kilometers (28 miles) from the state capital of Recifé, is Roca’s ninth plant in Brazil, but its first metal fixtures plant in the country.

COMMENT: Roca is basing its long-term investment strategy in Brazil – a country with a housing deficit of between 5 million and 7 million homes – on serving as a supplier to the construction firms that will reduce that shortage in the coming years, Jorda said.