Major Projects announced for Mexico and Brazil
20 March 2008
The following major projects were announced in Latin Trade magazine:
• Mineracao Onca Puma, a subsidiary of companhia Vale do Rio Doce, is planning a $1.44 billion nickel development in Para state.
It will require infrastructure and electricity lines. It should create 7,000 jobs.
• Freightliner, a US truck manufacturer, announced plans to build a $300 million truck plant in northern Mexico's Coahuila state. The plant will turn out 30,000 trucks annually.
• ICA Fluor, a Mexican-US construction and engineering firm, signed a $276 million contract to build two cryogenic plants for Pemex, Mexico's state owned oil company. The plants should start up within two years.
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