Latin America's growing auto production benefits companies like Siemens PLM Software.
BY CHRONICLE STAFF
Thanks to the growing auto sector in Latin America, U.S.-based Siemens PLM Software is seeing a strong increase in the region. "The South American market has more than doubled in the last five years," says Dave Shook, senior vice president and managing director for the Americas at Siemens PLM Software.
The South American market includes Brazil, the company's top market in Latin America. Meanwhile, sales in Mexico - its other leading market in the region - doubled the past three years. The Argentine market also has grown strongly. Overall, Siemens PLM Software posted Latin American growth of 30 percent in fiscal year 2007, which ended in September. That follows a 23 percent increase in fiscal year 2006. The company does not release specific revenue figures or growth figures for individual markets.
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Keywords: Argentina, Costa Rica, Fiat, Ford, General Motors, Honda, Nicaragua, Volkswagen