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BRAZIL: Joint venture construction plans for proposed $36,000,000 equipment manufacturing plant, BHARAT EARTH MOVERS LTD. (BEML) [India] & COMPANIE COMERCIO E CONSTRUCOES (CCC) [Brazil] Order #: 100706.

Publication: WWP-Business Opportunities in Latin America & the Caribbean
Publication Date: 01-OCT-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW: An Indian/Brazilian joint venture was recently established regarding the establishment of a company for the manufacture and supply of rail wagons and bogies as well as mining and construction equipment and spares. The partners in the planned undertaking and their respective shareholdings included India-based BHARAT EARTH MOVERS LTD. (BEML - 60%) and the local COMPANIE COMERCIO E CONSTRUCOES (CCC -40%) The project involves taking over a factory on the outskirts of the city of Rio de Janeiro. The plant is said to have adequate infrastructure to enable manufacturing equipment...

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