Daimler Invests Around €600 Milion into its Brazilian Production Site

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Daimler Invests Around €600 Milion into its Brazilian Production Site

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Brazil

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Introduction:

Daimler to invest around 600 million euros into its commercial vehicle business in Brazil over the next five years. This underlines the strong commitment of the largest manufacturer of commercial vehicles in Latin America to the Brazilian market.

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The investments are going into the modernization of the product lineup, digital services and into the two biggest production plants in São Bernardo do Campo and Juiz de Fora.

By 2022, both plants are going to meet highest production standards to be even more efficient and competitive. Daimler has been investing around one billion euros into its Brazilian production site since 2010.

Martin Daum, Member of the Board of Management of Daimler AG, responsible for Daimler Trucks & Daimler Buses: “Our commitment to Brazil remains strong and we continue to invest into our regional market presence. Almost the half of all commercial vehicles on Brazil’s streets are older than 20 years. These vehicles must be replaced. We will be ready when the market comes back. With investing around 600 million euros, we are preparing for the future.”

Mercedes-Benz products from Brazil are gaining increasing popularity in foreign markets. This year, Mercedes-Benz do Brasil already exported 10,000 commercial verhicles.Mercedes-Benz products from Brazil are particular popular in neighboring Latin American countries. But the demand for the robust commercial verhicles rises also in countries in the Middel East and North Africa - countries with similar transport requirements and road conditions.

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Source:media.daimler.com