Cummins Plans to Invest $100 Million in Brazil

Cummins Inc., the maker of more than one third of North America’s heavy-duty truck engines, plans to invest another $100 million in Brazil during the next four years to meet higher demand in that country, Bloomberg reported.

Cummins has invested $100 million in Brazil since 2004 to boost the output of engines and generators by 25%, Bloomberg reported, citing Luis Pasquotto, Cummins’ sales director for Latin America.

Cummins expects to sell 85,000 engines this year in Brazil, a 31% increase from last year, Bloomberg said.

Cummins’ sales in Brazil totaled $840 million last year, 60% from the automobile sector, which accounted for 6% of the company’s global revenue, Bloomberg reported.

Sales of trucks in Brazil rose 29% in the first eight months of the year to 80,600 units, according to Brazil’s National Association of Automakers, known as Anfavea.