The Brazilian Ministry of Development, Industry & Foreign Trade recently announced it will grant a US$ 220M credit to Fanavid SA to build a flat glass factory in Cuba. Hipolito Rocha, GD of the Brazilian Trade & Investment Agency in Havana, told ACN news agency that feasibility studies were ready and the Cuban counterpart to Fanavid showed interest in carrying out a joint venture. Fanavid is the first Brazilian company to say they will open a facility in the Mariel Industrial Development Zone. Some 80% of the factory's output will be sold in brazil and in several Caribbean nations.
Origin
Unknown
Journal Title
www.Cubanews.Ain.Cu/2012/1031Million-Glass.Htm
Sector
News Items
Class
N 2954