# MTR Solar to invest R$80M in capacity expansion and new factory in Juiz de Fora

MTR Solar plans to invest R$80 million in 2023 to expand production capacity and build a new factory in Juiz de Fora, Brazil, aiming for 50-80% revenue growth. The company also invested R$150 million last year, including capacity increase and new factory construction.

- Type: Expansion
- Announced: 2023-02-15
- Where: Juiz de Fora, Minas Gerais, Brazil
- Value: $15.5M (80.0M BRL)
- Status: announced
- Products: equipment for solar power plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [MTR Solar](https://endata.com/companies/68586.md)

## Sources

- [mtrsolar.com.br](https://mtrsolar.com.br/mtr-solar-anuncia-investimento-de-r-80-mi-em-projetos-fv/), 2023-02-15: "Cerca de R$ 80 milhões serão investidos pela companhia neste exercício no desenvolvimento de produtos e soluções para projetos de grandes usinas."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.