Apple eyeing terrain for new factory

Monday, April 11, 2011

Apple (Nasdaq: AAPL) is planning on building a factory in the interior of Brazil's São Paulo state, local news source Bom Dia quoted Lençóis Paulista mayor Izabel Lorenzetti as saying.

The town of Lençóis Paulista might fit the bill, according to the mayor.

"I talked with sources from the government development office who confirmed that, in fact, that company is seeking a plot of land to set up shop. Lençóis Paulista is being considered because it has the attributes that Apple is seeking," Lorenzetti said, citing education and healthcare standards, proximity to highways and availability of electronics courses as the town's pluses.

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Other towns reportedly being considered by Apple include Jundiaí. According to that town's economic development secretary, Ari Castro Nunes Filho, negotiations with the US company are "advanced."