The fifth largest manufacturer of construction machinery in the world is hopeful it can expand its footprint in Brazil, the Chinese government-run news agency Xinhua reports.
A delegation from XCMG met Brazilian President Michel Temer in the South American nation earlier this week.
“Brazil has a lot of potential and Brazilians are hard-working,” XCMG president Wang Min was reported as saying.
“We will provide a solution for the infrastructure problems Brazil is facing now. We have presented some projects to the president, in which we could invest and work with the Brazilian government to boost infrastructure.”
XCMG, or the Xuzhou Construction Machinery Group Co., Ltd., has one manufacturing plant in the southern Brazilian region of Porto Alegre that produces about 7,000 pieces of machinery annually.
Xinhua says XCMG also wants to build a railway to Vilhena in the state of Rondônia.