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Stock impact report

Brazil turns to local industry to build ventilators as China orders fall through [Reuters (UK)]

Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ) 
Company Research Source: Reuters
Brazil turns to local industry to build ventilators as China orders fall through - Reuters 3 Min Read BRASILIA (Reuters) - Brazil’s health minister said on Wednesday that the country’s attempts to purchase thousands of ventilators from China to fight a growing coronavirus epidemic had fallen through and the government is now looking to Brazilian companies to build the devices. “Practically all our purchases of equipment in China are not being confirmed,” Minister Luiz Henrique Mandetta said at a news conference. An attempt to buy 15,000 ventilators in China did not go through and Brazil was making a new bid, he said, but the outcome is uncertain in the intense competition for medical supplies in the global pandemic. In one positive sign for Brazil’s supply crunch, a private company managed to buy 40 tonnes of protective masks from China, with the shipment arriving by cargo plane in Brasilia on Wednesday. The purchase of 6 million masks worth 160 million reais ($30 million) was underta Show less Read more
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