The European Investment Bank (EIB) is lending €40 million ($52 million) to Continental do Brasil Produtos Automotivos Ltda., helping it set up a new passenger-car tire plant. The factory will be located near Salvador de Bahia in northeastern Brazil, in the Camacari Petrochemical Industry Park, and will have the capacity to make more than 4 million tires annually. The company mainly plans to export to the U.S., Canada and Mexico. The project will cost €110 million ($14 million), overall, ...

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