IBM Announces New Branches in Latin America
IBM (NYSE: IBM) has announced the opening of two new branches in Brazil and Mexico as it continues its strategy to increase its presence in the fastest growing economies in the world.
In Brazil, IBM has opened a new office in the city of Caxias do Sul which follows the recent opening of new branches in the cities of Sao Luis, Joinville and Natal. In Mexico, IBM has opened a new office in the city of Puebla following the opening of a new branch in the city of Toluca in October.
In Brazil, where IBM has grown its presence from 11 branches in 2009 to over 30 today, the new Caxias do Sul location will service clients and partners in the city and in the neighboring Serra Gaucha region. Caxais do Sul has experienced strong economic growth in recent years becoming an important exporter of rolling stock, automotive parts and machinery.
In Mexico, IBM is quickly building out its presence in line with the country's rapid economic development. The new Puebla office is IBM's sixth in Mexico after those in Mexico City, Guadalajara, Monterrey, Queretaro and Toluca. Over the past two decades, Mexico has undertaken major reforms to liberalize its economy which has led to the emergence of fast-growing urban centers. As the state capital, Puebla's central location and proximity to Mexico City have enabled it to become an industrial growth center with strong activity in the services and manufacturing sectors.
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