GE expects its 2012 revenues in Brazil to jump 30% this year from $3.7B in 2011. The...

|By:, SA News Editor
GE expects its 2012 revenues in Brazil to jump 30% this year from $3.7B in 2011. The conglomerate plans to set up a factory in EBX Group's Acu port in Rio de Janeiro to produce equipment for the oil, gas and energy industries. As noted earlier, GE will provide $300M to an EBX investment fund.