Manaus industrial hub preparing for tablet production

- Wednesday, July 20, 2011

Manaus industrial hub preparing for tablet production

In light of heated internal demand in Brazil, the Manaus industrial hub in Amazonas state's free trade zone is preparing for tablet production with two projects already approved, and another pending approval, online news source Convergência Digital reported.

Local IT company Digibras is investing 12mn reais (US$7.64mn) to start producing tablets, while Greenworld will invest 8mn reais. A third project by Samsung has already been granted value-added tax (ICMS) exemptions by the state government, and must now be approved by Suframa, the free trade zone management company in Manaus.

The industrial hub - which includes companies from the electronics, mechanical, and metallurgical segments - billed US$16.3bn from January-May, 22.9% higher than the first five months of last year, according to Suframa.

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In May, sales reached US$3.6bn compared to US$2.9bn in the same month last year, a 22.7% increase.

Within those figures, the IT segment contributed US$1.7bn in the first five months of 2011, surpassing the US$1.2bn achieved in the same period in 2010. In May, IT sales reached US$434mn compared to US$276mn in the same month last year.

PC manufacturing jumped 86.9% from 235,000 to 440,000 units year-on-year in the first five months of this year.