Sao Paulo, Brazil, 05 May – China’s AOC plans to build a second factory in Brazil in 2007, the Brazilian subsidiary of Chinese group TPV, one of the world’s largest manufacturers of computer monitors, said Thursday.
The vice-president of the Chinese company in Brazil, Wang Chi Hsin, said that the factory the group had in Manaus, the capital of Amazonas state, was already operating at the limit of its capacity.
Last year, the company sold 800,000 computer monitors in Brazil, which resulted in turnover of US$120 million.
The board projects that this year AOC’s sales will total US$200 million, with the sale of 1.4 million units.
Currently, the Chinese manufacturer has a 20 percent share of the Brazilian market, behind market leaders Korea’s LG and Samsung.
Wang said that the Brazilian market was showing strong sales growth as a result of the increased value of its currency, which reduced the final price of computers.
Last year computer sales rose by 24 percent against 2004 to 6.2 million units sold in Brazil.
There are currently around 32 million computers in Brazil, which represents around 17 units per 100 inhabitants, slightly above the global average of 16 units.
Specialists forecast that the Brazilian computer market will grow around 15 percent this year, boosted by a recent reduction in taxes for the sector.
Wang said that the Chinese company wanted to promote the AOC brand to Brazilian consumers and work more aggressively also in the LCD and Plasma TV markets.
The TPV group, which also produces PC monitors and televisions for several worldwide brands, has annual turnover of around US$7 billion.. (macauhub)