(Yicai Global) Dec. 22 -- A unit of Chinese manufacturer Sinoma Science and Technology plans to expand business in Brazil and South America by building a USD28.8 million plant in the country to make blades for wind turbines.

Sinoma Wind Power Blade will set up a joint venture with Sinoma Overseas Development, a contractor under Sinoma Science’s parent company China National Building Material Group, to build the plant in Salvador, capital of Brazil’s northeastern state of Bahia, Beijing-based Sinoma said in a statement on Dec. 20.

The new plant will be able to produce 260 power blade sets a year, the statement said. The JV, 70 percent owned by Sinoma Wind, will also oversee operations once the plant is completed in about 12 months.

Sinoma Wind has seven factories in China with total annual capacity of 4,000 blade sets, according to Sinoma’s website.

The Salvador plant will tap Sinoma Wind’s know-how, Sinoma Overseas’ experience, and will use raw materials from Sinoma’s overseas supply chain, the statement added, noting that the plant’s products will meet demand from major clients.

Shares of Sinoma [SHE: 002080] ended little changed today at CNY34.60 (USD5.43) each, after earlier gaining as much as 1.8 percent. The Shenzhen stock market added 0.7 percent.

Editor: Futura Costaglione, Xiao Yi