NCR Builds ATM Facility

NCR, the business technology company, is building a new manufacturing and R&D center in Brazil to produce ATMs, as well as other LatAm and Caribbean markets. NCR will initially invest around BRL73m in the Brazil facility. Brazil is the third largest ATM market in the world, says NCR. The Brazil ATM market will grow 16% by 2012, it adds, citing Retail Banking Research. NCR’s ATM production in the region is currently outsourced to a contract manufacturer. ATM manufacturing and product development will be moved to NCR’s new facility and production is anticipated to begin by December 2009. NCR is based in Georgia.