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Stock impact report

Embraer sees Chinese role in strengthening supply chain, executive says [Yahoo! Finance]

Embraer S.A. (ERJ) 
Last embraer s.a. earnings: 3/26 06:00 am Check Earnings Report
US:NYSE Investor Relations: ri.embraer.com.br
Company Research Source: Yahoo! Finance
that it planned to focus on strengthening its supply chain, with Chinese companies able to play a role. Embraer is the world's third-largest planemaker and focuses on up to 150-seat single-aisle regional and executive aircraft, sitting just below Airbus' and Boeing's best-selling A320 and 737 families and rivalling the Airbus A220. At Zhuhai, Embraer's chief commercial officer, Martyn Holmes, noted that China's President Xi Jinping would soon visit Brazil. The G20 summit will be held there this month. "I think it's an exciting moment for us to be having that (supply chain) conversation with Chinese suppliers and looking how we evolve," Holmes said. China is Brazil's top trade partner. Brazilian President Luiz Inacio Lula da Silva said earlier this year that he wanted to discuss a "long-term strategic partnership" with China. Industry sources have said Embraer is looking for a strategic partner for a possible new passenger jet project to compete more directly with Airbus and Show less Read more
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