Italy's Brembo to invest 115 million euros in U.S. and Brazil
MILAN, June 21
MILAN, June 21 (Reuters) - Italian brakes manufacturer Brembo said on Friday it will invest 115 million euros ($152 million) in North America and Brazil to boost production at plants in areas of high demand.
The investment will be concentrated in the United States, where the group will plough 83 million euros into increasing capacity at its Homer industrial hub.
In Brazil, the money will go towards moving the company's current plant from Sao Paolo to a site north of the city.
($1 = 0.7590 euros) (Reporting by Isla Binnie, editing by Danilo Masoni)
- U.S. air strikes on Syria would face formidable obstacles
- Samsung unveils smartwatch that can make calls
- Russian-backed separatists enter southeast Ukraine town
- FBI, Secret Service investigate reports of cyber attacks on U.S. banks
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |