MercoPress. South Atlantic News Agency
Rolls-Royce marine facility in Rio to support Brazil's oil industry
The announcement was made by visiting Chancellor of the Exchequer Osborne Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.
The new facility, which will provide testing and assembling of thrusters and engines to equip Petrobras’ drill-ships helps Rolls-Royce further expand their operations in Brazil in the Energy and Marine sectors.
Rolls-Royce is one of the world’s leading manufacturers and has a growing presence in Brazil. They now employ around 600 people in the country, across operations in Rio de Janeiro, Sao Bernardo do Campo, Niteroi and Macae.
In the last year UK Trade and Investment have supported British companies in winning over £1 billion in contracts in the oil & gas and marine sectors in Brazil. With their help Rolls Royce was awarded an £86 million energy services contract by Petrobras in November 2013.
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Read all commentsBetter watch out Rolls Royce, given that usually in these backward countries it is genera lrule, that contracts are usually FIXED by an insider who takes a cut. After about 10 years or so someone whistleblows and the conpany then has to pay afine. Is it worth it? You only have to look at India sueing Rolls at the moment. Backhanders should not be given.
Apr 08th, 2014 - 06:31 am 0I prefer a German investment company. They are more efficient and have superior products.
Apr 08th, 2014 - 10:59 am 0A smart person would want investment from Germany AND Britain. Both richer, more inventive and more industrialised than Brazil.
Apr 08th, 2014 - 11:48 am 0Commenting for this story is now closed.
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