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Brazilian Company Will Invest US$8 Billion in Mexico

Admin | 04.10.2013

Odebrecht, a group of companies based in Brazil headed by Marcelo Odebrecht, announced that in the next five years they will invest US$8.1 billion in Mexico in the production of ethanol, petrochemical industry, sanitation, renewable hydraulic energy, sugar and highway concessions.

Odebrecht, a group of companies based in Brazil headed by Marcelo Odebrecht, announced that in the next five years they will invest US$8.1 billion in Mexico in the production of ethanol, petrochemical industry, sanitation, renewable hydraulic energy, sugar and highway concessions.

The President’s Office informed in a press release that Mr. Odebrecht made the announcement during a meeting with President Enrique Peña Nieto.

The group of companies led by Odebrecht has invested US$1.8 billion in studies and projects prior to the investment to be made in coming years.

With the product of the investments to be made in the next few years in Mexico, 20,000 direct jobs and 60,000 indirect jobs are expected to be generated.

Currently, Braskem, controlled by Odebrecht, is building Etileno XXI petrochemical complex in Veracruz. At the meeting with Peña Nieto it was pointed-out that it is very important for Mexico to have jobs-generating productive investments that help improve Mexicans’ quality of life.

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