Archive for June, 2011

Germany’s Schenck Process acquires Brazil’s Pentec

Comments Off | 06-30-2011

Schenck Process, Germany announced its acquisition of Pentec based in Caeté Brazil. Serving the new equipment and after-sales markets, this acquisition reinforces the position of Schenck Process as a global supplier of solutions throughout the process industries.
Founded in 1975, Pentec is a leading manufacturer and supplier of polyurethane and rubber screening products. Solutions include use [...]

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Posted in FDI Brazil statistics, General, Manufacturing Brazil | Read More

Brazilian Realty Group Invests US$0.64 million in ReadSoft’s Solutions for Invoice Automation

Comments Off | 06-29-2011

Brazil’s leading realty group has invested in ReadSoft’s SAP-certified invoice processing solution to process hundreds of thousands of documents per year. The Brazilian firm will implement the solution at four companies belonging to their Group in order to accelerate the processing of paper and electronic invoices inside SAP.
The agreement is worth 640,000 USD and was [...]

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Goldman Sachs Group increases its Brazil headcount as it seeks expansion

Comments Off | 06-28-2011

Bloomberg Monday reported that Goldman Sachs Group Inc. (GS) is increasing its Brazil workforce by about 20 per cent this year to expand in an economy that’s growing more than twice as fast as the company’s home market.
According to Bloomberg, the Brazilian unit, which raised headcount to about 300 from 200 last year, plans to [...]

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NMDC in talks to acquire controlling stake in Brazilian mining firm for $1 billion

Comments Off | 06-26-2011

The Economic Times (ET) Friday quoted two sources, indicating that Indian state-run iron ore miner, National Mineral Development Corporation (NMDC), is in talks to acquire controlling stake in mining firm Greystone Mineracao do Brasil for $1 billion.
The transaction amount includes the cost of building infrastructure to develop the mines. NMDC is currently doing a technical, [...]

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Posted in FDI Brazil statistics, General, Mining in Brazil | Read More

Japan’s Mazda to Establish Sales Company in Brazil and Joint Vehicle Production Facility in Mexico with Sumitomo

Comments Off | 06-25-2011

Mazda Motor Corporation announced that it has signed formal agreements and begun preparations to establish a Mazda vehicle production facility in Mexico and a sales company in Brazil, in alliance with Sumitomo Corporation. Through the new joint ventures, Mazda and Sumitomo intend to combine their individual strengths in order to enhance both companies’ business in [...]

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Vale keen to take its fertilizer unit private by buying out minority shareholders

Comments Off | 06-24-2011

The Financial Times (FT) Thursday reported that Brazilian mining giant Vale plans to take its fertilizer unit private, offering to buy out minority shareholders for R$2.2bn (US$1.4bn) at a critical time both for the company and the industry.
According to FT, fertilizers have become an increasingly important strategic asset for the Latin American country as it [...]

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Eagle Star Minerals Corp. acquires mineral concessions in North East Brazil

Comments Off | 06-23-2011

Eagle Star Minerals Corp. announced that it has received approval from the National Mining Agency of Brazil (DNPM) of its application for 39 mineral claims covering an area of 80,000 hectares in the centre of the state of Piaui – Northeast Brazil. The concessions are located in areas with extensive phosphate potential.
The Phosphate occurrences are [...]

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Travelers Companies Inc. completes acquisition of 43 per cent interest in Brazilian firm

Comments Off | 06-22-2011

The Travelers Companies, Inc. announced Tuesday it has completed its acquisition of a 43 per cent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil with a market share in excess of 30 per cent.
Travelers’ investment in newly issued shares will significantly increase JMalucelli’s capital [...]

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Posted in FDI Brazil statistics, General, Hospitality and Tourism Brazil | Read More

America Movil SA to invest $1.2 billion its Brazilian mobile phone unit Claro

Comments Off | 06-21-2011

Valor Economico Friday reported that Mexico’s America Movil SA plans to invest 1.9 billion Brazilian reais ($1.2 billion) in its Brazilian mobile phone unit, Claro, in 2011, in a move aimed at enabling the Brazilian unit maintain its market share.
According to Economico, in recent months, TIM Participacoes SA, the local unit of Telecom Italia has [...]

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Posted in FDI Brazil statistics, General, Telecommunications | Read More

Louisiana-Pacific Corporation acquires remaining 25 percent equity interest in LP-Brasil OSB Industria e Comercio

Comments Off | 06-19-2011

Louisiana-Pacific Corporation (LP) announced that its subsidiary, LP South America (LPSA), acquired the remaining 25 per cent equity interest in LP-Brasil OSB Industria e Comercio S.A. (LP Brasil) from Masisa do Brasil LTDA (Masisa-Brasil), a subsidiary of Masisa S.A. in Chile. LP Brasil operates the oriented strand board (OSB) plant located in Ponta Grossa, Parana, [...]

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