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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (32795)	4/10/2008 2:54:10 PM
From: elmatador	Respond to of 217820

China Brazil’s 3rd biggest supplier of industrial machinery and equipment with sales increasing by around 150 percent in the first two months of 2008 in an annual comparison reaching a value of US$ 364 million, Xinhua news agency has reported. Threat to Germany and US Brazil: China now third largest supplier of industrial machinery and equipment [ 2008-04-10 ] Sao Paulo, Brazil, 10 April - China has become Brazil’s third biggest supplier of industrial machinery and equipment with sales increasing by around 150 percent in the first two months of 2008 in an annual comparison reaching a value of US$ 364 million, Xinhua news agency has reported. Figures from the Brazilian Association of Machines and Equipment Industry show total Brazilian imports in the first two months of this year were worth US$ 3.27 billion, up 66.1 percent year-on-year. The main source of Brazilian imported machinery and equipment is the United States, with sales worth US$ 835 million, followed by Germany with US$ 465 million of business. Vice-chairman of the Brazilian Association of Machines and Equipment Industry, José Velloso Dias Cardoso, said: “Three years ago China was the No. 15 exporter of machinery and equipment to Brazil. It rose to fourth biggest last year and is already in third place behind the US and Germany.” Analysts forecast China will leapfrog Germany by the end of the year to become Brazil’s second biggest supplier of these industrial products. Charles Tang, chairman of the Brazil-China Chamber of Industry and Commerce, believes Chinese-made machinery and equipment is gaining popularity in Brazil “due to its quality and low costs.” Brazilian steelmaker Gerdau recently announced it will import Chinese equipment valued at US$ 250 million. (macauhub)