Company says partnership will facilitate orders for CSeries in China ; Brazilian competitor launches second generation of E-Jets.
Both managers, inspectors blamed
Chinese-state owned companies play by different rules, economist says
10 still missing, 19 others injured by explosion at factory in Shandong province
Company website said plant manufactures 10,000 tons of industrial explosives annually
The company says the move will meet growing customer demand in the region for its valve and valvetrain products.
Officials from multinational firms operating in China complained about red tape, investment restrictions that favour Chinese firms and outright discrimination.
The agreement would involve nearly half of Brazil’s country’s $75 billion annual trade with China.
Lego said the new factory will be “a supply base for future growth in Asia,” where sales have grown by more than 50 per cent annually in recent years.
Mounting public pressure for cleaner environment has government looking at multiple ways to curb pollution