Brazil has lost on average 17 factories per day in the last six years

Ford’s decision to close its plants in Brazil highlighted the process of deindustrialization underway in the country. For six consecutive years, since the recession began in 2014, Brazil has seen the number of industries in the country fall. Last year, 5,500 factories closed down. In all, between 2015 and 2020, 36,600 plants were shut down. This is equivalent to almost 17 industrial plants exterminated every day.

Source: UOL Economia