Germany's BMW company will establish in Brazil what will be its first automotive factory in Latin America, Raimundo Colombo, governor of Santa Catarina state, said Saturday.

The governor told reporters that the official announcement will be made by the company itself next Wednesday, adding that the new factory will create jobs, boost economic activity and give greater "visibility" to this southern Brazilian state.

As reported Saturday in Brasilia, the Brazilian head of state Dilma Rousseff will receive next Monday the company's vice president, Ian Robertson, who will inform her about the company's move in detail.

Sources in the automotive sector have calculated that BMW's investment in Santa Catarina will be somewhere around $1 billion and that the new facilities will directly produce some 1,500 jobs.

They also said that the German company plans to manufacture in Brazil the Series 1, Series 3 and the X1 Sports Activity models, along with some versions of the Mini. EFE