Archive for June, 2010

Caterpillar announces its expansion plan for new manufacturing facility in Brazil

Comments Off | 06-30-2010

Caterpillar Inc. Tuesday announced its plans for expansion in Brazil to meet the growing Latin America market. In this regard, the company will increase its Brazilian manufacturing operations presence to enhance its position and enable it meet the burgeoning customer demand in Latin America.
According to the company, a studies and site selection for the new [...]

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Posted in Brazil Industries, Manufacturing Brazil | Read More

Brazilian Iron ore mining giant, Vale, Awards major contract to Australian company WorleyParsons Ltd

Comments Off | 06-30-2010

In a major win for a foreign company in Brazil, WorleyParsons Ltd said it had successfully been chosen in a contract that will see it offer engineering services in the country. The company announced that it had won a contract to offer engineering services for the Brazilian Iron ore mining giant, Vale’s S11D plant in [...]

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Posted in Iron Ore Industry, Mining in Brazil, Uncategorized | Read More

Libyan Arab Foreign Investment Company, Lafico seeking Investment in Brazil food and agriculture projects

Comments Off | 06-28-2010

The Libyan Arab Foreign Investment Company, Lafico, (a sovereign Libyan fund), reported that it is currently seeking investment opportunities in Brazil. The fund’s envoys have made previous investment study visits to the country, analyzing partnerships in the production of food in irrigated areas in the North East of the country.
The director, infrastructure and Integrated Development [...]

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Posted in Agriculture sector, Brazil Industries | Read More

Dutch company ARCADIS signed investment deal on Sao Paolo sanitation project generating 80,000 jobs

Comments Off | 06-28-2010

The Dutch international design, consulting, engineering and management Services Company, ARCADIS, Friday announced that its Brazilian subsidiary had signed a US$54 million deal with the Sao Paulo State Basic Sanitation Company, SABESP, for its services. According to the announcement, the company said that a syndicate led by its Brazilian subsidiary, ARCADIS Logos, had signed the [...]

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Posted in Brazil Industries, Infrastructure industry | Read More

Brazil looking to ban foreigner to buy land and cancel existing foreigners land deeds

Comments Off | 06-28-2010

The Brazilian government yesterday confirmed that property investors in the country may be banned from owning land. In the announcement, foreign real estate investors interested in owning land in the Brazil might face tougher restrictions as the Brazilian government clamps down on land ownership over food security concerns.
As such, buying land in the country could [...]

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Posted in Brazil Industries, Real Estate Brazil | Read More

India’s top refiner Shree Renuka Sugars to invest into Brazil’s sugar company Equipay

Comments Off | 06-28-2010

Shree Renuka Sugars, India’s top refiner, announced it had reached an agreement to purchase Equipay, a Brazilian sugar company, for a reduced offer. The investment, according to the Indian firm, will enable it procure crucial raw material at reduced costs as well as give it access to the biggest global sugarcane producer.
In the fresh deal, [...]

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Posted in Brazil Industries, sugar and ethanol industry | Read More

Petrobras announced further $224 Billion under five year planned investment strategy

Comments Off | 06-24-2010

Petrobras announced that its Board had successfully approved the company’s planned five-year $224 billion investment strategy. The state owned oil giant’s investment budget is way above the $200 billion to $220 billion the company had released earlier this year as its planned investment spending fund. In its five-year plan covering 2009/2013, Petrobras had released a [...]

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Posted in Oil and Gas Brazil | Read More

Petrobras invested into sugar and ethanol, hot investment sectors in Brazil

Comments Off | 06-23-2010

The Brazilian sugar and ethanol sectors are pushing forward with major consolidation investments, with a new JV between Petrobras, the Brazilian state run oil giant, and Sao Martinho SA, a sugar producer for the production of ethanol. The Brazilian state run company announced Monday that it part with $239 million for the 49% stake in [...]

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Posted in Brazil Industries, sugar and ethanol industry | Read More

JP Morgan Chase considering acquisition of Gavea Investimentos – one of Brazil’s major fund managers

Comments Off | 06-21-2010

According to a reliable source, JPMorgan Chase is in a quest to acquire a mega Brazilian alternative investment fund manager. Sources confirmed that the banking conglomerate is currently in talks to acquire Gavea Investimentos, an alternative investment fund manager in the country, in spite of a looming clampdown on banks with such operations in the [...]

Posted in Brazil Industries, Finance and Banking Brazil, General | Read More

FDI in Brazil’s Tourism & associated Real Estate projects to be exempt from 3 year lock-in clause of govt.

Comments Off | 06-21-2010

In a bid to attract FDI in the tourism industry, the Brazilian government Friday announced it would exempt projects in the tourism sector from the recently passed three year lock-in clause. The exemption is expected to enhance foreign investment in the Brazilian hospitality sector and spur opportunities and growth. The three year lock-in clause is [...]

Posted in Brazil Industries, FDI Brazil statistics, Finance and Banking Brazil, General | Read More