China’s XCMG wants to be involved in the railroad linking Brazil to Peru

26 October 2016

China’s Xuzhou Construction Machinery Group Co.(XCMG) has told the President of Brazil, Michel Temer, it is interested in the construction of parts of Ferrovia Integração do Centro-Oeste (FICO) railroad in the states of Goiás (GO), Mato Grosso and Rondônia (RO), connecting the cities of Uruaçu (GO ) and Vilhena (RO).

The president of XCMG, Wang Min, told Temer that the Chinese company wants to participate in the railway project that will connect the Atlantic Ocean, in Brazil, and the Pacific Ocean, in Peru, providing alternative routes for transporting grains and minerals.

XCMG which has its headquarters in Pouso Alegre, in the state of Minas Gerais entered Brazil in 2004 and opened its first factory in 2014, which produces about 7,000 industrial machines per year.

According to the Planalto website, Wang Min also told President Temer that the Chinese group, the world’s fifth largest manufacturer of construction machinery, plans to increase investment in Brazil and made concrete proposals for the construction of the railroad that will link Brazil’s ports in the Atlantic and Peru in the Pacific.(macauhub)