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Japanese group announced investments of US$ 300 million in Brazil

The Japanese group Hitachi announced yesterday an investment of US$ 300 million in the sectors of infrastructure and transport technology in Brazil, until 2015. The world president of Hitachi, Hiroaki Nakanishi, was greeted in a meeting by the Vice President in exercise of the Presidency, Michel Temer, to talk about the matter.

"We have a very strong intention to expand our business in Brazil and we want to invest in various types of activities," he said. With the investment, the Japanese group wants to multiply by four its revenue in the country and reach US$ 1.5 billion.

Among the areas of investment are railway, energy and telecommunications infrastructure. According to the government, the group is interested in a high-speed train between the cities of Rio de Janeiro and São Paulo.

28 July 2012