Chery announces new contribution in the country

The Chinese Chery confirmed an additional investment of $ 300 million in Brazil to install an industrial pole in Jacareí (SP). The amount will come from 25 companies in the chain (including the company), which will install itself in the surroundings of the factory of the Paraíba Valley.
Chery explains in a note, that 12 companies are manufacturers of auto parts, five affiliates, two systemists, two and three of logistics services in General. Chery had already invested $ 400 million in factory work.
"When we announced the construction of the Jacareí plant, in July 2011, already knew of Chery's intention to have this park of suppliers," he said in a statement the Vice President of Chery Brazil, Luis Curi.
According to the Executive, the automaker is working in partnership with the banco de fomento paulista Sao Paulo Invests-that should provide advice to interested parties free-and with the city of Jacareí to make the project more quickly.
"The estimate is that in two years the complex is operating normally," added Curi. The officialization of the industrial pole occurs about nine months after the automaker inaugurate the first factory in the Country, with a capacity of 100 thousand units annually.
According to the automaker, the supplier park is expected to generate around five thousand jobs.
Plant in Uruguay
Chery Socma, joint venture which produced cars of the brand in Uruguay, announced this Tuesday (20) his departure from the country in the impossibility of realizing exports to Brazil and Argentina and on the delay of one business with Venezuela, said the National Director of labour of the country, Juan Castillo.
The automaker was inactive since October last year, when he finished paying unemployment to its 250 workers fixed. The company generated thousand indirect jobs.
"The outcome was predictable because of the situation in the region," said Castillo told Reuters.
"The company indicated its inability to put a single car in Argentina, the unfavorable condition with the exchange rate devaluation of Brazil and the delay of one business with Venezuela, in which there were expectations," added the official.
Company representatives in Uruguay refused to make statements told Reuters. According to Castillo, the automaker claims that the prejudice of the operation amounted to a negative result of $ 600,000 monthly.
"In spite of everything, the company also expressed us not to disassemble the unit, expecting a favorable shift in the region in the coming months," said Castillo.