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Sumitomo Mitsui Banking Corporation and Banco Sumitomo Mitsui Brasileiro S.A. Sign a Memorandum of Understanding with Agencia Parana de Desenvolvimento (Brazil)(1/1)
July 23, 2015
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Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation and Banco Sumitomo
Mitsui Brasileiro S.A. Sign a
Memorandum of Understanding with Agência Paraná de Desenvolvimento (Brazil)
TOKYO, July 23, 2015--- Sumitomo Mitsui Banking
Corporation (gSMBCh, President & CEO: Takeshi Kunibe) announced
today that SMBC and its Brazilian subsidiary, Banco
Sumitomo Mitsui Brasileiro S.A. (gSMBCBh, President: Takaaki
Otani), have signed a Memorandum of
Understanding (MOU) with Agência Paraná de Desenvolvimento
(gAPDh, Location: the State of Paraná, Brazil) to
enhance mutual cooperation in support of Asian and Japanese companies expanding
their business in the State of Paraná, Brazil.
The State of Paraná is located in the southern part of Brazil, to the south of the State of São Paulo,
and has the largest production bases of automotive and medical industries in
Brazil. Recently, the State of
Paraná has been focusing on efforts to attract Asian companies. In 2011, the state government established APD,
a non-profit investment promotion agency, which provides a wide range of services and
information to facilitate investments into the state.
Under this MOU, SMBC and
SMBCB hope to contribute to the development of the State of Paraná and provide further
enhanced services to Asian and Japanese customers interested in business operations
in the State of Paraná.
Overview of Agência Paraná
de Desenvolvimento
Name: Agência
Paraná de Desenvolvimento
Established: December 16, 2011
Location: Avenida
João Gualberto, 780, Alto da Glória, Curitiba, PR
Profile:
Non-profit
private entity that promotes the economic development of the state, connected
to the Parana State Planning and Coordination Secretariat.