Sao Paulo: Italian aviation manufacturer Finmeccanica's troubles in India over an alleged bribery scandal are poorly timed amid ambitious plans for expansion in Latin America.
Only last month the Italian conglomerate's Anglo-Italian company, helicopter maker AgustaWestland, announced it is teaming with Brazilian aviation giant Embraer to start a production and assembly line in Brazil.
Finmeccanica has extensive operations through subsidiaries and partners in Brazil and smaller but significant business in Argentina and elsewhere in Central and South America.
"Finmeccanica sees Brazil not simply as a new market for the group's products but rather as a skilled counterpart with which the group can initiate stable and strategic partnerships involving local companies," the conglomerate said, outlining its plans for the region.
19/02/13 UPI
