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13 2.18 to 2.23.2019 still in the initial stage of production – once it is running at full capacity it will turn out up to 4.5 thousand multimedia systems per year: “This production volume is in line with the contracts we have closed in the country. As new contracts fall in place the production levels will go up accordingly”. The Logigo plant is inside the Jaguar Land Rover plant, even though not currently a client. Components will be supplied initially to Nissan, and later on to Mitsubishi and Toyota. There is also a new project, which Azevedo will not disclose as of now, due to contractual restraints. in the infotainment and connectivity segment in Brazil in 2019 and 2020, it has opted for local production to serve the increase demand to come. Last year the company’s billing was R$ 120 million, up 38% as compared to 2017. This year, the projection is to continue growing: “We want to maintain the gains recorded in the last couple of years. We are competing in several bids, all of them very large, and, should we win some of those, certainly our billings will double in 2019”. To win the bids the company is confident that the technology in their multimedia systems - which offer internet connection – and in their capability of developing their systems from their inception up to final production. Third parties in Brazil – Azevedo says one of the bids in which the company participates involves companies in Manaus, AM. If it wins, it will have to produce in the area in order to serve the client – but he rules out putting up a new plant. “We will use the same solution we envision for the U. S.: a third party will be in charge of production, and we will set up a local business unit”.

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