India has been chosen by Vulcabras as the country where it will make uppers for its athletic footwear. The Brazilian company has announced an agreement in principle to acquire a production unit for this purpose in Chennai that currently employs around 1,000 people. The plan is to invest $50 million in the facilities in the next to two years and to boost the staff to 5,000 people on two shifts, complementing the manufacturing operations that Vulcabras has in 28 factories in Brazil and Argentina. As indicated in SGI Europe on March 29, Vulcabras intends to use the new Asian operation mainly to internationalize sales of its own Olympikus brand and to make it more competitive.

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