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Brazilian company closed shop, minister admits

Video: Mark Zammit Cordina

The Brazilian company at the centre of political controversy since it was mentioned during a debate between the Prime Minister and the Opposition leader last Friday, had now closed shop, Finance Minister Tonio Fenech admitted this morning.

Speaking during a visit to ArrowPharma in Hal Far, Mr Fenech admitted that the company, which remained unnamed, had closed shop but said that, at one point, it employed 35 people.

He said the company had relocated to Malta from Libya because of the situation there but since the situation in the Arab state had not improved, it had now decided to close shop.

Dr Gonzi had first mentioned the arrival of the Brazilian company without naming it in February during a debate with Dr Muscat that was organised by The Times.

The Prime Minister had described it as “a very big company” that got to know about the island at the height of the Libya crisis when it evacuated its workers through Malta.

CLARIFICATION

In a clarification this afternoon, the minister said that 160 new factores had started-up or expanded investing €350 million.

This meant the creation of 3,700 jobs over a three-year period.

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Peter Agius

Nov 10th 2012, 06:41

Its 350 million euros..... not jobs........admit that you comment before actually reading.

Carl Mizzi

Nov 10th 2012, 06:56

I think you have to read the article again Mr. farrugia.... he said 350 million euros not jobs!!!
and 3700 jobs over a 3 year period!

Alan Xuereb

Nov 10th 2012, 08:18

I think you need to re-read the article again...

Luciano Pace Parascandalo

Nov 10th 2012, 08:38

seems like u still need to learn to understand what you read....3,700 jobs.....350 million euros invested

R. Balzan

Nov 9th 2012, 19:05

@ S. Portelli - do you know that the the record for attracting foreign manufacturing companies to start operations in Malta is still by far that of the Labour governments of the 70's and 80's? Do you know that in those days our industrial estates were chock-full with manufacturing industries employing tens of thousands?

I Mercieca

Nov 9th 2012, 19:13

@ R.Balzan_ Int bis-serjeta jew? Dak iz-zmien ta dlam (fil-veru sens tal-kelma ta dlam, ghax l-anqas dawl fit-toroq ma kellna) 4 day week, wage freeze, time-off flok overtime u issikkar tac-cintorin kien hawn habib. Imhatra li diga nsejt! Infakkrek jien mhux problema.

Guido Farrugia

Nov 9th 2012, 20:21

Says who? S. Portelli...opps

Eddy Privitera

Nov 10th 2012, 11:14

I. Mercieaca: dak iz-zmien kien meta bdew uc-children allowance, il-bonus, il-minimum wage, pagi l-istess ghan-nisa bhal-irgie, 5 day 40 hour week, sptarijiet b'xejn, edukazzjoni terzjarja b'xejn, l-ewwel forma tal-istipendji bis-sistema student-haddiem, Air Malta, Sea malta, Gozo Channel u hafna u hafna servizzi socjali. Dan tghidlu dlam ? Mela kont tilbes nuccali bil-hgieg suwed ?

godwin difesa

Nov 9th 2012, 18:27

You know what is next employing 8700 people with the civil like PL did when they knew they where going to loose after those disguised years of the eighties.PM have a lot more on his shoulders to take care not like the opposition they have noting to do as the opposition is all so done by Ex PN supporters,and MPs.Even JM
was mistaken as he said it was aviation company he taught it was Lufthansa.

Joe Muscat

Nov 9th 2012, 20:57

Sur Difesa....Ghax ma tmurx sa l-isptar halli tara l-hela ta flus fuq l-impjieg ghal-xejn..... Security guard f'kull kantuniera.....Dawn Qatt ma rajthom? Viva l-Kuntratt ....Meta trid nibdew inqabblu.... U qed tghid li L-PM ghandu hafna x'jerfa...L-anqas kien kapaci jahtar Ministru ta' l-intern ghax jibza. Allura ha r-risponsabbilta hu...U tant hu miggieled ma 'SHABU' li m'ghandu l-hadd min jahtar

mark borg

Nov 9th 2012, 21:04

do not forget that labour voted in parlament with the governmnet in favour of malta becoming a tax jurisdiction ......and realy practically they gave it away for free ,at just 5%

Joseph Aquilina

Nov 9th 2012, 16:26

irresponsible and inefficient fools ... 160 new factores had started-up or expanded investing €350 million ... you seriously need to do a reality check!! and for the good of everyone, find the remote and change the channel from OneTV ... it is not doing you any good!

Joe Grech

Nov 9th 2012, 16:38

Joseph Aquilina - do you really BELIEVE the nonsensical propaganda being churned out by NET and TVM? 160 factories started up or expanded....you really must be joking. It was reported only TODAY that exports decreased enormously lately. How do you explain that?

Andrew Cumbo

Nov 9th 2012, 17:11

Mr. Aquilina Can you at least name half of these companies that or expanded or are new? So why we have an unemployment rate of 6.4% ? Waiting for your reply.

Joe Muscat

Nov 9th 2012, 17:40

Joe Aquilina.... They couldn't even tell us the truth about one Brazilian company....You think we are going to believe the 160 new factories... u hallina..... Int forsi ghax tibilghu kollox.......Nassigurak li din l-ahhar sena ma rajtux darba s-Super One...ghax ma tantx nara TV ...imma ma jfissirx li mhux qed nghix f'dinja... Ir-Reality check ghamilha int.... forsi tqum naqra..

William Caligari

Nov 9th 2012, 18:54


C.Falzon, wara gimgha ezatt kollox tar mar-rih.
Ahna inridu mill-kliem jghaddu ghal-fatti.
Mhux bizzejjed dahqu bina bil-weghda ta' l-Income-tax?

Willie Grech

Nov 9th 2012, 16:32

@ George Cutajar.

Your beloved leader did not mention any "massive investments" on Xarabank the other week. He mentioned the unnamed Brazilian Company with such pomp. That's why the 'big deal.' When you mention the capers factory you again take us back some 30 years. Those same years where good factories like SGS, Malta Rubber and Toly Products, are still part of Maltese economy.

godwin difesa

Nov 9th 2012, 17:13

@Willie You are still dreaming about the factories of 30 years ago.At least PL have 1 subject where they can make some opposition about this Brazilian company.Not even JM new about this company as he sad that it was an aviation company so he taught that it is an other investment like Lufthansa Teknik that way he was worried before the election i do not blame him.

Andrew Cumbo

Nov 9th 2012, 17:20

Taf x'qieghed tghid imma possibli ma tafx kemm qieghed id-deficit ta pajjizna. Fil qasam ta' sahha qeghdin tajjeb? Bnejna sptar li gie jiswa €700 miljun u f' inqas min 5 snin g]andna bzonn ta' sptar iehor biex nehhu pazjenti min gol kuriduri. Fl- edukazzjoni qeghdin tajjeb? Meta ghandna wahda mil- oghla rati ta' studenti literatti u li ma jkomplu li studji wara 16 il- sena fl- EU.

Eddy Privitera

Nov 9th 2012, 17:35

Joseph Xuereb: Semmi kemm rebhiet ghamel Gonzi mindu Dr. Muscat ha t-tmexxija tal-PL ? ZERO - KOLLHA TILIFHOM !

Joseph Xuereb

Nov 9th 2012, 17:55

Sur Cumbo fuq il-livell tad -deficit ghadha kemm harget risposta minghand Rehn tal-Ue. Fuq l-edukazzjoni nahseb ghadek timmagina li ha jsiru ir-repeater classes. U lil min qed jirreferi ghar-rebhiet jaf li il-Brazil jirbhu il-World Cups u ghalhekk tajbin u mhux friendlies. Taf tajjeb li l-elezzjoni hi l-aktar rebha importanti.

Andrew Cumbo

Nov 9th 2012, 20:45

Dejjem isemmu il- passat, meta ha titghallmu? Min illum ghandu 25 sena ma jinteressah xejn dak li qieghed tghid int. Iz- zmien jghatina parir, nahseb li kieku il- Gvern jinsab komdu jew qieghed ihossu konvint daqs kemm int konvint int, ilu li sejjah l-elezzjoni. Imma tant jinsab f' qada kritika li lanqas il- budget ma jrid ihabbar. L- UE taf kemm ghandhom dejn il- korporazzjonijiet !?

Vince Piscopo

Nov 10th 2012, 06:11

Yes granted six electoral defeats but look at the mess we are in now. No one with genuine intentions who truly would like to see a more prospering Malta in terms of a better standard of living believes GonziPN anymore. I am certain that if God forbid GonziPN is re-elected in office he would raise taxes, raise pensionable age and re-take the hefty weekly wage increase. Once bitten twice shy.

Victor Pulis

Nov 9th 2012, 14:59

All the more reason to ask why the Pm had to mention this particular company. He had 160 other companies to choose from. He is giving the oppostion cannon balls to fire back at him.

L. Chircop

Nov 9th 2012, 15:04

And How many closed down if i may ask?

John B. Borg

Nov 9th 2012, 15:25

On Xarabank Prime Minister Gonzi triumphantly announced that the company in question moved its HEADQUARTERS from Brazil to Malta. A couple of days ago Tonio Fenech said that the company opened a BACK OFFICE in Malta. The fact remains that the Prime Minister messed up big time on XARABANK

C A Camilleri

Nov 9th 2012, 15:34


What gets to me is the pompous way Dr Gonzi came out for this big international company making people believe that it was to be a big job creator when in fact it was just hot air. Many companies just use the address in Malta for tax purposes and would not exclude that this was one of them. The rest was just make up. A company like this can afford unlawful dismissal cases. Catch the drift?

Anthony Paris

Nov 9th 2012, 15:42

You are so right Mr. Aquilina. I suppose it is Dr. Gonzi's being out of touch,with what's going on in Malta that instead of talking about 160 new factories creating 3700 jobs, he picked on this Brazilian company.

Paul Borg

Nov 9th 2012, 15:47

According to 3 reliable economic surveys, Malta could be doing a lot better and with a lot less debt. So now we opt for the PL option and go even further. Maybe in 25 years time , the PN will have it's house in order again and we'll opt to vote PN again.

Mario Scicluna

Nov 9th 2012, 15:48

@Joseph Aquilina
Unbelievable! How gullible can you GonziPN apologists get? So the so-called HQ according to you and your Gonzi for such a 'large company', probably trying to cover the Med, is just 4 workers?? So if Porche or Daimler or GM were to open a temporary office here for 5 months employing 1 doorman,1 receptionist and 3 clerks , will that say that the company set up shop here in Malta?

Joseph Aquilina

Nov 9th 2012, 16:27

@Paul Borg
I would be very interested to read those surveys!

Joseph Aquilina

Nov 9th 2012, 16:29

@Mario Scicluna
Gonzi mentioned the company is coming to Malta in FEBRUARY. FACT IS THAT the company is a large MULTINATIONAL COMPANY and indeed it did OPEN DOOR in Malta. Therefore he did not lie. In NOVEMBER (i.e. - 10 MONTH LATER) the company closed doors for reasons outside the hands of Malta!! How can you say that Gonzi lied?? He simply informed Joseph Muscat that the company indeed opened.

Mr CHARLIE BORG

Nov 9th 2012, 18:35

Mr.Aquilina if you believe the story about the 160 factories you believe everything !!!!!

Mr CHARLIE BORG

Nov 9th 2012, 18:51

Mr.Aquilina if you believe the story about the 160 factories you believe everything !!!!!

Michael Magri

Nov 10th 2012, 09:51

"...The fact remains that Gonzi never lied..." Says J Aquilina..... LOL :):):):)

Dream.. Dream.. Dreeeam.. Dreeeeeeeeam...!!!! Hallina Guz... Il-Poplu Maghdux CUC taf...!!!

Joseph Aquilina

Nov 9th 2012, 14:50

That just shows you how hard it is to attract new investment to our island!! People should not take such things for granted!!

Anthony Paris

Nov 9th 2012, 15:44

So why talk about it? And why laugh at the opposition for not knowing about it?

Paul Bajada

Nov 9th 2012, 16:00

how true that is! A PM who risks so much to win a stupid argument and gain some votes! Similar to what EFA did to Sant on TV.

Joseph Aquilina

Nov 9th 2012, 14:52

Fil fatt hasdu ghax il beloved leader of the opposition did not know the company opened doors and was ready to close them!! Just shows his credibility when he tells us he knows what we Maltese are going through!!

H. Psaila

Nov 9th 2012, 21:27

At least it is better off than creating corps like Dirghajn Il-Maltin, Izra u Rabbi, Bahhar u Sewwi and being paid peanuts in order to reduce unemployment. That is WOWWWWWWWWWWWWWWWW for a MLP government

Joseph Aquilina

Nov 9th 2012, 14:45

Go find about the company and see for yourself if it is not a big company or not; in fact it is an international company. Unfortunately here in Malta it was not successful. However I cant see how lejber expected Gonzi to know in FEBRUARY that the company would close doors in NOVEMBER!! Not even Magic Joseph is able to read the future ... in fact he has problems even to read the past!!

A Galea

Nov 9th 2012, 14:47

What exactly do you find amusing in a company closing from Malta?

Joseph Brincat

Nov 9th 2012, 18:01

A Galea
@ What exactly do you find amusing in a company closing from Malta?
Find it amusing for it haven't started , and it closed down ????
HA HA HI

A Galea

Nov 9th 2012, 14:51

Joe, in all fairness, do you think anyone actually closes because of bad press? If they did, they must have been doing something shady from the beginning. Don't twist facts to suit your conjectures, it's been done enough already.

John Zammit

Nov 9th 2012, 14:58

@ Joe Aquilina Be honest at least with yourself and say that the question was sparked by Dr.Gonzi Boosting of another in the Pipeline after which the Dr.Muscat just Inquired about the Brazilian Company. The PL only came to know about the closing down this week. The Name was never published

Willie Grech

Nov 9th 2012, 14:59

@ Angelo Vassallo.

FYI flok il-fabbrika tal-Kappar twaqqfu l-Airmalta, SeaMalta, BOV, Mid-Med, EneMalta, ecc. Barra dan twaqqfu fabbriki bhal SGS, Toly, Malta Rubber ecc li minkejja li tghidu li hawn ricessjoni (barra f'Malta) dawn kollha baqghu joperaw ghax Mintoff jiddilja ma nies serji biss kien. Ara intom tiftakar l-AMS, fost l-ohrajn? Kollha jigu jahtfu xi haga u jparpru l'hemm.

Victor Calleja

Nov 9th 2012, 15:24

Fi zmien Mintoff fethet il Malta rubber, SGS, financial services, etc etc

Eddy Privitera

Nov 9th 2012, 16:04

Angelo, ruhi, fi zmien Mintoff fethet l-aqwa kumpanija li ghadha tezisti sa llum- ST MICROELECTRONICS. U mhux ghalqet wara erba t'ijiem !

j camilleri

Nov 9th 2012, 16:50

Fi zmien Mintoff infethu hafna affarijiet li ghadek tgawdi bihom sa llum fosthom il-beneficcji b'xejn li mghandix dubju li ghamilt xi uzu minnhom xi darba jew ohra ux siehbi. Ovvjament ma' trid tinsa minjaf kemm mort vaganzi fuq l-AirMalta li l-partit tieghek minjaf kemm ghajruh bihom l-ghasafar tac-comb !!! is-Sea Malta u l-lista ma' tieqaf qatt daqs kemm jibqa jitla l-kappar ...

L. Chircop

Nov 9th 2012, 14:56

No Labour is Never Happy with these type of Situations unlike PN want us to believe. Labour = ''Partit tal-Haddiem'' and is never Happy with Businesses closing down. The problem Mr. Briffa is that Company hasn't closed shop NOW it closed shop before Xarabank's Program on Friday and PM Gonzi still lied in front of Malta. Now that my Friend is a Sad Sad situation. There is nothing to be happy about!

Martin Saliba

Nov 9th 2012, 15:06

Of course not but in any case the issue here isn't whether Labour is happy or not but whether your PM lied or not . It would have been better if you said nothing instead of trying to defend someone who has clearly mislead the pubic , yourself included.

Victor Calleja

Nov 9th 2012, 15:23

Of course the labour is not happy. It would have been much better to start a new legislature with an increase with gainfully occupied.
But unfortunately Gonzipn is not credible and he is moving us towards a brick wall.

Anthony Scicluna

Nov 9th 2012, 17:38

You have absolutely no idea do you? What about the financial services AND the betting industry for starters?

Joseph E Briffa

Nov 9th 2012, 16:51

@Jeffrey...it's not the number of people a company employs. The time of textile factories employing hundreds of unskilled or semiskilled labour with hardly any value added is long gone. Such factories set up shop in India or Malaysia where they pay peanuts.Malta has moved on from that stage.. They were good for 60s and 70s. However Labour still have the same mindset; they haven't changed a bit.

Joseph Aquilina

Nov 9th 2012, 14:55

The only problem with what you are saying is that Gonzi never lied. The Brazilian company he talked about is a MULTINATIONAL COMPANY. The company DID OPEN DOORS HERE IN MALTA when he first talked about the subject in FEBRUARY. The company - because of things outside the hands of the PM - closed doors!! Joseph Muscat was so well prepared for the debate that he did not know any of those points!!!!!!

Joseph Aquilina

Nov 9th 2012, 15:03

I do not think there are any half truths here. Gonzi did not lie in February and did not lie on Friday debate. The company IS a multinational company and the company DID open offices in Malta!

Joseph Aquilina

Nov 9th 2012, 14:59

The only big fat lie you hear is from OneNews every evening!! Gonzi first talked about this company in February. The company did actually open doors in Malta. The company for reasons outside the control of the PM had to close doors. So did he lie in February when he said a big company was coming the Malta? Did he lie in Friday debate when he said the company did open its doors? NO HE DID NOT!!

Joe Aquilina

Nov 9th 2012, 15:18

Many teams have gone on to win a game, despite conceding an own goal.

Alfred Vassallo

Nov 9th 2012, 18:57

@Joe Aquilina

''Many teams have gone on to win a game, despite conceding an own goal''

Not when you have your own team in shambles.....you have to start from there first.....

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