Finextra.com: NCR Corp. says a new plant in Brazil, in which the company will invest more than BRL $73 million (U.S. $37 million), will produce cash machines for the Brazilian, Latin American and Caribbean markets, with production slated to begin by the end of the year. The new plant will take over production currently outsourced to a local contract manufacturer. Brazil is the third largest ATM market in the world and is expected to grow 16 percent by 2012. NCR says the new factory will look to design and engineer specific products to meet the needs of Brazilian financial institutions, including capabilities for biometric ID and check printing.
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