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News 27

Firms going nuts for Brazil's build boom

HUMBER businesses are bidding to capitalise on Brazil's lucrative shipbuilding boom.

The thriving South American country, which is the second fastest growing economy in the world, is pouring billions of dollars into shipbuilding projects.

However Brazil's intention to build 500 ships in the next five years is being threatened by a shortfall in the country's shipbuilding supply chain.

Now, a delegation of business from Hull and the Humber are preparing to plug the gap in the supply chain by exporting their skills and expertise to the country.

They will be heading to the city of Recife in June to meet with leading businesses and government officials.

Humber Electrical Engineering Company in Portland Place, Hull, is one of the companies heading out on the trade visit.

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