NCR Corporation has announced that it will create a new manufacturing and research and development centre in Brazil to produce automated teller machines (ATMs) for Brazil, Latin America and Caribbean markets. The innovation centre and manufacturing facility is expected to include self-service technologies for industries, over time.
The company said that the new innovation hub will initially create about 250 new jobs and enable NCR to strengthen its position in Brazil – which is a key market in its growth strategy.
Bill Nuti, chairman and chief executive officer of NCR, said: NCR has been doing business in Brazil for 73 years. Our strategic decision to develop an innovation and manufacturing hub for self-service technology in Brazil is yet another step in our commitment to this important market.”
NCR’s ATM production in the region is currently outsourced to a contract manufacturer. The company stated that the ATM manufacturing and product development will be moved to its new facility and production.
The company plans to initially invest over $73m in Brazil. It will manufacture NCR SelfServ ATMs for consumers.
Earlier this month, NCR has announced that it will establish a new North American ATM manufacturing facility in Columbus, GA, creating 870 new jobs that did not exist in NCR previously.
