Diesel engine maker International Engines South America, (the former Maxion) is forecasting sales of $US490 million in 2002, an increase of 78 percent over the $US275 million expected this year.

The company is increasing sales by investing in exports and has recently signed two agreements to ship engines made in Brazil and Argentina to the United States where they will be installed in Navistar school buses and Ford Econoline vans.

International Engines South America recently announced it would invest $US 50 million to modernise plants in both countries.

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