25 February 2018
visit www.ebaday.com

NCR to build new Brazilian ATM plant

15 June 2009  |  10138 views  |  0 ATM

US ATM supplier NCR is to invest R$73 million to build a new manufacturing plant in Brazil that will create 250 new jobs.

NCR says the site will produce cash machines for Brazil, Latin America, and Caribbean markets, with production slated to being by the end of the year. The new plant will take over production currently outsourced to a local contract manufacturer.

Brazil is the third largest ATM market in the world and is expected to grow 16% by 2012. NCR says the new factory will look to design and engineer specific products to meet the needs of Brazilian financial institutions, including capabilities for biometric ID and cheque printing.

Bill Nuti, NCR's chairman and chief executive officer, comments: "With this new capability, we believe we will be better positioned to take market share by providing leading hardware, software and service solutions, tailored specifically to meet the needs of our customers and fulfilling our goals of growing our business, while lowering our operating costs."

The US vendor has been undergoing a major shake-up of its global ATM manufacturing over the past two years in an effort to cut costs and improve productivity. Earlier this month, the firm announced plans to relocate all North American manufacturing to a new site in Columbus. In March, NCR finally called time on manufacturing at its site in Dundee, Scotland, as it shifted work to new sites in cheaper European locations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NCR moves corporate headquarters from Ohio to Georgia

NCR moves corporate headquarters from Ohio to Georgia

02 June 2009  |  6433 views  |  0 comments
NCR axes 252 Dundee jobs

NCR axes 252 Dundee jobs

12 March 2009  |  11710 views  |  0 comments
NCR slammed over Dundee job cuts and cheap labour claims

NCR slammed over Dundee job cuts and cheap labour claims

04 July 2008  |  8274 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
Register for the webinarvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12672 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10836 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9336 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8720 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8638 views comments | 11 tweets | 14 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job