Irene Lôbo and Carolina Pimentel
Reporters - Agência Brasil

Brasília - Yesterday president Luiz Inácio Lula da Silva announced more job-creating investments for the Northeast region as he inaugurated a Polyester Center in that region. It is estimated that one million jobs will be created through investments totalling US$1.7 billion as a result of a partnership between Petrobras and the Italian group, Mossi & Ghisolfi, the world's second biggest producer of resins.

The two firms are going to undertake three industrial projects. Two of them will be implanted in the city of Suape, state of Pernambuco. The first is a PET factory, which will make plastic bottles for beverages. The construction of the factory, with an annual production capacity of 450,000 tons, will employ one thousand workers. The second project is a polyester factory that will produce textiles which will eventually create jobs for up to one million people. The construction of the factory will employ two thousand workers.

Mossi & Ghisolfi reports that it also intends to build a third factory to supply the other factories with raw material.

(Translation: Allen Bennett)