Three industrial giants are investing R$8.9bn ($1.76bn) around Curitiba in southern Brazil, turning the area into a fast-rising manufacturing hub.
LG invests R$2bn in an appliance factory near Curitiba, with Grupo Potencial (R$6bn biofuels) and Horse Powertrain bringing R$9bn total to Brazil's Paraná. Manufacturing clustering attracts supply-chain agglomeration; diversification in appliances, automotive, and energy insulates regions from single-sector downturns.
Brazil · Business
Key Facts
—The headline. Three industrial groups are investing R$8.9bn ($1.76bn) in the Curitiba region.
—The anchor. South Korea’s LG is opening a R$2bn ($400m) appliance plant next month.
—The jobs. The LG factory alone is expected to create around 1,000 direct jobs.
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