NCR Corp. announced June 15 that it would invest $37.5 million to build an innovation center and ATM factory in Brazil.
The new research and development and manufacturing facility will create 250 jobs in a market where NCR has done business for 73 years. The ATMs will be sold across Brazil, Latin America and the Caribbean.
Currently NCR outsources the building of ATMs in Brazil, but manufacturing and product development will be moved to the new NCR facility, and production is set to begin by December, according to a company news release.
Brazil is the third-largest ATM market in the world, and it’s predicted to grow by 16 percent by 2012, the release said.
NCR plans to eventually expand the facility to build self-service technologies for other industries.
The news came nearly two weeks after the Fortune 500 company announced that it would move its headquarters and other significant operations to Georgia, creating a combined total of nearly 3,500 jobs in the state.
NCR’s base is leaving Dayton, Ohio, and moving to Duluth, a city in Gwinnett County northeast of metro Atlanta. Columbus will benefit from a new ATM manufacturing facility that will account for 870 jobs. NCR will expand a call center and customer support facility in Peachtree City, adding 916 jobs over 26 months.
More than half of NCR’s revenues come from operations outside the U.S. It currently has factories in Hungary, India and China.