# XCMG signs investment tax incentive agreements for Brazil factory

XCMG Brazil signed investment tax incentive agreements with Pouso Alegre in Minas Gerais, Brazil, to expand its local operations.

- Type: Investment
- Announced: 2023-08-31
- Where: Pouso Alegre, Minas Gerais, Brazil
- Status: announced
- Products: construction machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/yang-dongsheng-xcmg-to-accelerate-glocalization-advancing-the-collaborative-industry-chain-in-the-americas-870431694.html), 2023-08-31: "Yang joined the signing ceremony of investment tax incentive agreements between XCMG Brazil and Pouso Alegre of Brazil's southeastern Minas Gerais state."

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