Itautec to launch tablet by year-end

- Monday, October 17, 2011

Itautec to launch tablet by year-end

Brazilian computer maker Itautec will start producing tablets in the country by year-end, the company reported in a brief press statement.

Last week, the firm qualified under a federal government tax break program for tablet production, where benefitting firms are exempt from paying the social welfare PIS/Cofins taxes.

"The Brazilian manufacturer is now all set to deliver the device, which will be produced at its plant in Jundiaí" in São Paulo state, according to the release. Itautec plans to call a press conference by month's end to introduce the tablet to the public and the press.

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The Brazilian government's tablet bill exempts companies from paying PIS/Cofins taxes for devices with at least 20% of components produced in Brazil. By 2014, this ratio is expected to reach 80%.

The bill is included in the basic productive process (PPB) regime, intended to enhance local suppliers businesses and national industry.

Along with Itautec, an additional 11 companies are registered under the PPB regime, according to the science and technology ministry - Positivo, Envision, Motorola, Samsung, LG, Sanmina, Foxconn, Compalead, Semp Toshiba, Aiox and MXT.