US flash memory card producer Sandisk (Nasdaq: SNDK) is planning an 80mn-real investment (US$47mn) over eight years to set up manufacturing facilities in Brazil's Paraná state, according to press reports.
Sandisk will manufacture pendrives in Londrina in a joint venture with local company TMT Memory Group, which has more than 20 years' experience manufacturing for third parties.
The 10,000m2 facility is expected to generate 1,500 jobs.
To begin with, the company has invested US$2.5mn to start producing with an initial capacity of 1mn pendrives, with 4 GB and 8 GB capacity, per month.
From 2012, Sandisk expects to start producing its complete line of pendrives, with 2-128 GB capacity.
The new facility's main focus will be to meet national demand, but exporting to other Latin American markets is a future possibility.