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07.17.08
» BNDES signs off R$ 78m financing for
Ford’s investment in Bahia
BNDES approved R$ 78 million loan for Ford Motor Company
Brasil Ltda. The car making company will use these funds to
develop its Automotive Engineering Support Program for
2008/2009, in Camaçari, Bahia. The program will foster the
development of products and new engineering processes, such
as the reduction of air emissions from cars.
Currently, 1,050 engineers are involved in the development
and engineering of Ford products, and the investments
forecast by the company must allow these highly qualified
workers to remain in the company. Ford’s staff of engineers
is mainly focused in Camaçari. Among the projects in
progress, we can single out the one concerned with the
decrease of air emissions to meet the new resolutions of the
Brazilian Council of Environment (Conama), under its Control
Program for Air Pollution caused by Cars (Proconve).
BNDES’ financial support to Ford is part of the new
Automotive Engineering Support Program, disclosed in May,
under the federal government’s Production Development Policy.
BNDES’ Program, with R$ 1 bi budget, to be accomplished up
to December 2008, will finance engineering expenses incurred
in Brazil. The main financeable items are: hours worked by
engineers on a given technology development project, funds
for basic design, development of prototypes and new products,
detailing of parts and components, acquisition of precision
materials and building of a development center, among others.
Associated to specific automotive engineering projects, the
financing arrangements provided under this program does not
need to be associated to a new manufacturing investment.
The Group – The holding of Ford Group, Ford Motor Company,
is a public company headquartered in Michigan, United
States. Ford was setup in Brazil in 1919, and was the first
car maker in Brazil. The company currently has three plants
(Taubaté, São Bernardo do Campo, both in São Paulo, and
Camaçari) and a testing facility in Tatuí (SP).
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