Hong Kong’s Noble Group to invest US$250 million in Brazil

23 June 2011

Cuiabá, Brazil, 23 June – Hong Kong’s Noble Group plans to invest US$250 million in Brazil in building an industrial complex in Rondonópolis, the third largest city in the state of Mato Grosso, the Brazilian press reported.

This is the biggest investment ever made by the group in Brazil and will build the complex that will house a soy crushing unit and another unit for producing biofuel. The first stone of the complex was laid Tuesday.

According to the Brazilian press this investment will provide 100 direct jobs and several hundred indirect jobs.

During the ceremony, the regional director of the Noble Group in Mato Grosso, Luiz Sposito, said that Rondonópolis has been chosen as the site for the complex due to the city’s sustainable growth.

“With the arrival of the railroad and new airlines, we believe that Rondonópolis is the ideal place to receive our group,” said Sposito.

The Noble Group is a trader/supplier of agricultural, industrial and energy products across the world and in the first quarter of 2011 posted turnover of US$20 billion. (macauhub)