South American News: June 2024

Chinese Group Announces Tractor Factory Plant in Brazil’s Northeast

Chinese group YTO has announced a partnership with the Brazilian company AGF tractors to produce 120 units daily. The new plant would operate in the city of Caruaru the Northeastern state of Pernambuco. According to YTO, the state offered adequate infrastructure to start the investment and conditional tax cuts. The group intends to start operations in 2026. 

The YTO Group makes 100,000 tractors per year with…

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