Brisbane-based Austin Engineering has become the latest Australian business to invest in Brazil through a new 50/50 joint venture with local company Delp Engineering, with the new entity, called Austin Delp Mining Equipment, to be based on Belo Horizonte, Brazil´s main mining hub.
Although the arrangement is focused on the mining industry, the arrival of yet another Australian group in Belo Horizonte adds to the country´s growing presence in the city and awareness throughout Brazil, creating better conditions for future endeavours in other sectors.