- Embraer SA (NYSE:ERJ) has signed an agreement with Toyota Motors Corp (NYSE:TM) Toyota do Brasil to embrace Toyota Production System (TPS) principles and concepts in its industrial operations.
- With this initiation, Embraer aims to eliminate waste, obtain operational efficiency, and increase value generation for stakeholders.
- In the first phase, a team of TPS specialists from Toyota Brazil will evaluate and suggest improvements for Embraer’s main manufacturing area at the Ozires Silva Unit, located in São José dos Campos, São Paulo.
- From 2022, ERJ’s goal is to grow carbon neutral and, by 2024, have 100% of energy coming from renewable sources in Brazilian operations.
- Price Action: ERJ share traded lower by 1.03% at $8.69 on the last check Friday.
China To Open Borders, US Hit By Winter Storm, Tesla Cybertruck Production Rumor And More: 5 Key Stories You May Have Missed From The Weekend
The news flow over the holiday weekend was very light as investors take stock of a year that was ravaged by multiple headwinds. The market direction in the final trading week, some geopolitical developments and the look ahead for 2023 predominated the chatter over the weekend.
Here's a recap of a few major headlines that hit the wire over the weekend.
