Portuguese company MPG plans to invest in Recife, Brazil

29 March 2010

Brasilia, Brazil, 29 March – Portuguese metallic structure group Manuel Pires Guerreiro (MPG) plans to invest US$140 million in the Brazilian state of Pernambuco under the terms of an agreement signed Friday in Receife with the state government.

According to website Portugal Digital, the investment will be carried out in the port complex of Suape with the Portuguese company planning to build an offshore module production unit, making equipment for ships and wind farm projects.

The MPG project, which will be carried out by MPG Shipyards, will take three years to build and will cover an area of 33.5 hectares in the port complex, generating 1,200 direct jobs with a further 6,000 indirect jobs also expected.

MPG is a company that has its headquarters in Setúbal, a city 50 kilometres from the Portuguese capital Lisbon, and has industrial facilities in Beja, in Portugal’s Alentejo region.

In Setúbal it produces hulls for ships, pontoons and other floating structures. (macauhub)