Stefanini invests US$3mn to increase presence in China

- Tuesday, November 22, 2011

Stefanini invests US$3mn to increase presence in China

Brazilian IT solutions firm Stefanini plans to invest US$3mn to expand its presence in China with a second unit, local press reported.

The new unit, in China's Jilin province, situated in the northeast region of the country, will house a services center focused on software development, service desk, and business process outsourcing (BPO). The new facility will also be strategic to serve the Japanese market.

The company's plans include increasing the workforce in the new operation to 1,000 in the next three years from the current 100.

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Stefanini's new unit will complement the existing facility in Shanghai.

For this year, the company expects to bill 1.25bn reais (US$691mn), 40% of which will come from international operations. Stefanini expects to increase revenues from international operations by 60% in 2012, bringing in 50% of the company's global business.

To achieve these goals, Stefanini will combine an organic and inorganic growth strategy, company president Marco Stefanini was quoted as saying.

Headquartered in São Paulo, Stefanini currently has presence in 28 countries with around 14,000 employees.