Seeking Alpha

Brazilian port manufacturing facility still on the table for GE

  • Reinaldo Garcia, General Electric's (GE -0.7%) Latin America chief, has suggested the company will go ahead with a planned manufacturing project at the Acu Superport near Rio, WSJ says.
  • The status of the project was unclear after Eike Batista unloaded his stake in LLX Logistica, which was building the port itself.
  • "The geographic location of the port is still very interesting; it's near where the oil reserves are," Garcia says.
  • Ideally, GE would manufacture products at the port that would synch well with the needs of the environment, including "equipment for the oil and gas industry and for the marine industry."
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