The FUSO Canter Truck plant in Tramagal, Portugal, celebrated its 50th anniversary in early February. The original plant was started as a joint venture in 1964 by the Portuguese Duarte Ferreira firm and French manufacturer Berliet. Though the original collaboration with Mitsubishi occurred in 1980, the company wasn’t acquired by Mitsubishi until 1996. In 2004, Daimler bought the controlling shares of the company. The plant has over 300 employees and has produced more than 200,000 vehicles in its 50-year history. Over the past four years, Daimler Trucks has invested approximately US$37 million (€27 million) to transform and modernize production operations and further develop the FUSO Canter, the best-selling truck in the company’s truck portfolio. Nearly 95 percent of the vehicles are exported, primarily to Germany, the UK and France.
World Reports
Tramagal, Greenest Countries, Novelis in Brazil, IBM in Africa
by Patty Rasmussen
Related Articles
Gateway to America
A French medical device firm taps Pittsburgh for its North American headquarters.
Incentives Update: New York Levels the Field
Film credit expansion seeks to answer competition from New Jersey, Georgia
Location Tax Incentives: The Best of Times, The Worst of Times
Periods of economic crisis are the worst of times and the best of times for state and local business location tax incentives. These tax expenditures, like all expenditures, face an uphill battle when revenues have collapsed and the number of needy residents requiring assistance has increased. At the same time, economic stringency and lack of revenue sharpen government appreciation for business development and job creation. If a crisis combines danger and opportunity, the current downturn could offer an opportunity to improve these incentive programs.
New Facilities 1991 (Charts), page 6
From Site Selection magazine, February 1992 New Corporate Facilities & Expansions 1989-91 Continue to next page | Site Selection Online ©1992 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and is not warranted to be accurate or current.