# Thyssenkrupp invests R$120M in automotive operations in Brazil

Thyssenkrupp announced an investment of approximately R$120 million in its automotive operations in Brazil to expand capacity at its Poços de Caldas plant and increase local content at its São José dos Pinhais plant.

- Type: Investment
- Announced: 2024-05-28
- Where: Poços de Caldas (MG) and São José dos Pinhais (PR), Brazil, Brazil
- Value: $23.0M (120.0M BRL)
- Status: announced
- Products: camshafts, steering systems, suspension components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md)

## Sources

- [petrosolgas.com.br](https://petrosolgas.com.br/thyssenkrupp-anuncia-investimento-de-r-120-milhoes-em-suas-operacoes-automotivas-no-brasil/), 2024-05-28: "Essa cifra possibilitará a expansão da nossa produtividade e capacidade, implementação de tecnologias avançadas de automação e aquisição de máquinas de última geração para fortalecer o conteúdo local dos produtos fabricados no Brasil."

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