Aker Solutions' new plant in the city of São José dos Pinhais in the Paraná state in Brazil will double production capacity in the country.
The manufacturer of subsea equipment in Brazil's offshore pre-salt market is expanding its manufacturing capacity after winning a contract in April to deliver subsea equipment to the Brazilian oil company Petrobras.
"The forecasts for the Brazilian oil and gas industry are very promising and we are committed to developing our manufacturing capabilities and local content," said Luis Araujo, president and country manager of the company's Brazilian operations, last month.
The plant will be operational in 2015 and replace the company's current subsea manufacturing facility in Curitiba.
The new facility will have about 1,200 employees and generate work for an additional 5,000 people at suppliers.
Aker Solutions last year started building a new multi-purpose service site for its drilling equipment business in Macaé, 180 kilometres northeast of Rio de Janeiro. The facility, set to open in 2014, will expand the company's capacity to serve the fast-growing drilling market in Brazil.
Aker Solutions is also located in Rio de Janeiro and Rio das Ostras in Brazil.