Anfavea reviews calculations and increases investment forecast
Valor Econômico - 07/25/2008
Routine has been more agitated at the headquarters of Anfavea (National Association of Automobile Manufacturers) lately. The visitors who started attending the address in the South Side of São Paulo city are representatives from Brazilian and foreign companies who seek data and opinions on the growth of the sector. Wasn't that enough, Jackson Schneider, president of the entity, and its economic team also started spending more time redoing the accounts of new investments. The calculation, released in the end of the first half of the year, which states the makers and auto parts' industries would spend US$ 20 billion between 2008 and 2011, has been overcome almost on a daily basis. Not only huge investments are taken into account, such as Toyota, which probably will spend at least US$ 1 billion to produce at least 150 thousand vehicles a year in the plant to be set up until 2011. It is necessary to add every amount that the small-sized companies of the productive chain of vehicles are also spending, explains the president of Anfavea. In a few days, the entity that represents the makers intends to release a new calculation. Data of Anfavea shows a sudden growth in the volumes of investments. After leaving investment averages above US$ 2 billion, in the end of the 90's, the manufacturers of vehicles and car parts have, together, started making investments of nearly US$ 1 billion - and even less - between 2002 and 2006. In 2007, on the other hand, the total of resources exceeded US$ 2 billion and the investments expected for 2008 will reach the record of US$ 4.9 billion. The initial goal outlined by Anfavea foresees an accumulation of investments of US$ 19 billion between 2007 and 2013, when, according to estimates of the representatives of the industry, the production of vehicles in the country will reach 5.1 million. Schneider recalls that this volume represents an increase of more than 1.5 million units a year compared to the current rhythm.