Savannah-based Savannah Global Solutions and Belo Horizonte, Brazil-based CZM announced Monday the formation of a new manufacturing joint venture to be in Pembroke.

The company announced plans to make improvements to the former Oldcastle Precast plant for the manufacturing and assembly facility. The facility will employ about 50 people for production and assembly to serve domestic and foreign markets.

“Our venture with CZM is a great example of how businesses from different countries can help each other establish themselves in foreign markets,” Mark Sauer, president of Savannah Global Solutions, said. “With CZM’s support, Savannah Global closed its’ first large account in the Brazilian forest industry sector and continues to provide services that assist our business developments there.”

The new facility, once at capacity, will be one of Pembroke’s largest employers.

“The city of Pembroke is excited to welcome Savannah Global and CZM to our community,” Mayor Mary Warnell said.

The plant will be Bryan County’s third international facility, joining Oracal USA (Germany) and Argos USA (Columbia).

“We are excited that Savannah Global Solutions and CZM have chosen to locate their new facility in Bryan County,” Steve Croy, chairman of the Bryan County Development Authority, said.

The companies cited Bryan County’s business climate, labor force and proximity to the Georgia ports as factors in their decision.

Savannah Global Solutions’ primary business, Savannah Forestry Equipment, was established 1987 and is based on the invention of the a stump plow. Known for designing, developing and manufacturing, CZM offers machines for various applications. Its products range from handheld to truck mounted equipment, mini conveyors and excavators.