Archive for August, 2011

Sika to acquire Colauto Adesivos to strengthen its position in Brazilian automotive sector

Comments Off | 08-31-2011

Sika has agreed to acquire Colauto Adesivos e Massas Ltda, a manufacturer of adhesives and sealants as well as acoustic damping and structural reinforcement elements for Latin America’s fast-growing automotive and transportation industry.
Colauto is one of the leading suppliers of chemical process materials for the automotive industry in Latin America. Colauto generated sales of CHF [...]

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

BASIC Ministerial Meeting discusses climate change and sustainable development

Comments Off | 08-30-2011

Ministers from Brazil, South Africa, India and China met in Inhotim, state of Minas Gerais, to discuss climate change and the Rio+20 Conference on Sustainanable Development, to be held next year in Brazil.
In the ministerial meeting, the group known by the acronym BASIC had the opportunity to coordinate positions and formulate concrete proposals to be [...]

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Tenaris S.A. files request to acquire public held shares in its Brazilian subsidiary, Confab Industrial S.A

Comments Off | 08-30-2011

Tenaris S.A. announced Monday that it filed a request with CVM (Brazil’s securities regulator) and the Sao Paulo stock exchange seeking their approval to a public delisting tender offer to acquire all of the ordinary and preferred shares held by the public in its controlled Brazilian subsidiary Confab Industrial S.A.
The offer, which would be made [...]

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Japan’s Hitachi Kokusai Electric to acquire Brazilian broadcast transmitter manufacturer Linear Equipamentos

Comments Off | 08-29-2011

Hitachi Kokusai Electric Inc. has reached an agreement with the Brazilian broadcast transmitter manufacturer Linear Equipamentos Eletrônicos S/A to acquire a majority of Linear’s shares by early October 2011.
Hitachi has purposed the investment towards developing a terrestrial digital broadcasting equipment business in South America. Negotiations are proceeding, with both parties targeting the conclusion of a [...]

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

Brazil Hospitality Group acquires additional Hotels in Belem, Brazil

Comments Off | 08-28-2011

Brazil Hospitality Group (BHG S.A.) announced the acquisition and administration of five new hotels in Belem, totaling 7 properties in the state capital of Para.
The acquisition will add 1,010 rooms to the portfolio of BHG (385 currently in operation, 405 to be inaugurated in 1Q12 and 220 to be inaugurated in 1Q13) between owned and [...]

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Brazil expands Federal Microcredit Program

Comments Off | 08-26-2011

The federal government of Brazil has announced that it will expand its National Program of Oriented Productive Microcredit (PNMPO).  With the expansion, the program will be renamed “Growing – National Microcredit Program,” and will include new conditions for financing, including lower interest rates and lending targets for public banks.  The program will retain its main [...]

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Brazilian Gold to acquire 100% interest in regional property package in the Tapajós Mineral Province from Talon Metals Corp.

Comments Off | 08-26-2011

Brazilian Gold Corporation announced that, further to the Company’s release dated May 19th, 2011; it has received TSX Venture Exchange approval to acquire from Talon Metals Corp. a 100% interest in a regional property package in the Tapajós Mineral Province (TMP) of Northern Brazil.
The package incorporates 16 separate exploration concessions, totaling 115,926 hectares, in an [...]

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Midea Holding acquires majority share in Carrier’s Latin America air-conditioning business

Comments Off | 08-24-2011

Midea Holding Co. Ltd announced its acquisition of majority share in Carrier’s Latin America air-conditioning business. Through its Netherlands subsidiary, Midea acquires 51% of the equity in Carrier Latin America Holding Company while the rest 49% equity will be owned by Carrier. Total transaction price is around US$220 million.
Based on the joint venture, the two [...]

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Posted in Aviation sector Brazil, FDI Brazil statistics, General | Read More

Bunge Ltd plans to invest $2.5 billion to bolster sugar and ethanol production in Brazil

Comments Off | 08-24-2011

Bunge Ltd. (BG) is mulling plans to invest some $2.5 billion to bolster sugar and ethanol production in Brazil over the next five years, reported Bloomberg Tuesday. Bunge is the world’s second- largest sugar trader and may sell bonds to help finance the investments.
Bunge Executive Officer Alberto Weisser, revealed the investment plans Tuesday during a [...]

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Posted in Agriculture sector, FDI Brazil statistics, General | Read More

Brazil Minister of Planning reaffirms the sustainability of Belo Monte dam

Comments Off | 08-24-2011

Brazil’s Minister of Planning, Miriam Belchior, has again stressed today (August 22) that the construction of the Belo Monte dam is sustainable. She said the government is taking all the necessary measures to reduce the negative impact caused by the construction in the state of Para. “You show common sense through action, and we are [...]

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