Andre Saboya Martins, Consul General of Trade and Investment of the Consulate General of Brazil in Shanghai, told reporters in Shanghai on the 15th that Jianghuai Automobile is expected to build a factory in Brazil within the year.
JAC Auto is one of the Chinese auto companies that entered the Brazilian business earlier. According to the announcement of the Brazilian Jianghuai Automobile Company in October 2011, the company decided to invest 900 million reals (about 500 million U.S. dollars) to build an automobile assembly plant in Bahia in the northeastern part of Brazil. The announcement said that the automobile assembly plant is expected to start production in 2014.
If the Brazilian plant can be put into operation smoothly, this will have a big, predictable performance boost for JAC Motors’ Brazilian business.
According to the Brazilian government’s 2011 policy, the industrial product tax IPI tax rate has increased by 30%.
Andrei said that this may cause Chinese car manufacturers to have higher production costs in Brazil than in Brazil. However, building a factory in Brazil will help Jianghuai Automobile obtain “national treatment†and reduce its tax burden. In fact, according to Brazil's relevant policies, if overseas car companies in Brazil produce more than 65% domestic production, they can enjoy tax relief such as IPI.
According to the annual report of Jianghuai Auto, the company achieved a net profit attributable to the parent company of RMB 495 million in 2012, a year-on-year decrease of 20.31%. The company sold 460,100 vehicles and chassis of various types, a year-on-year decrease of 2.62%. The main factors are the slowdown in the growth of the industry and the decline in Brazilian exports.
At present, Jianghuai Automobile's Brazilian partner SHC is the largest customer of JAC.
Plastic Vacuum Forming Machine
foam food box plate dish tray ceiling Vacuum Forming Machine
have two kinds : semi-automatic forming machine and fully automatic forming machine
Plastic Vacuum Forming Machine,Plastic Forming Machine,Industrial Vacuum Forming Machine,Vacuum Former Plastic
haiyuanmachinery , https://www.foamfoodboxmachine.com