China Automotive Systems Inc (CAAS), a leading power steering components and systems supplier in China, Monday announced that its Board of Directors has approved the formation of a joint venture in Brazil to target the largest automotive market in South America.
According to a company release, the new joint venture, which will be 80% owned by [...]

Foreign direct investment in Brazil reached 50.4 billion dollars between January and September this year, the highest number ever recorded in Brazilian history.
The result of the first nine months of 2011 represents an increase of 123% over the same period last year. Investment between January and September 2010 reached 22.55 billion dollars. The total FDI [...]

Brazil was elected on October 24 for a term of three years (2012-2014) in the Economic and Social Council of the United Nations(ECOSOC). The country received 186 of the 191 possible votes.
The Council, composed of 54 members, is one of the main UN bodies. Among other functions, ECOSOC monitors the implementation of the Millennium Development [...]

On the occasion of the visit to Brasilia of the Ukrainian President, Viktor Yanukovych, President Dilma Rousseff celebrated the 120 years of Ukrainian immigration to Brazil. There are presently about 500 thousand descendants of Ukrainian immigrants in Brazil, the third largest community in the world.
The agenda of the meeting between Presidents Rousseff and Yanukovych included [...]

Lehigh Technologies, manufacturer of sustainable, micronized rubber powders, announced Monday its expansion into Brazil with the appointment of Eduardo Roberto De Ranieri as country manager, Brazil.
Brazil is the world’s seventh largest economy with an average annual GDP growth rate of over five percent. In 1999, Brazil established a tire collection framework and has passed legislation [...]

Asahi Kasei Plastics North America, Inc. Thursday appointed Nitriflex da Amazonia, a Brampac Company, as their distribution partner for markets in Brazil.  Nitriflex will market and distribute Asahi Kasei Plastics resin brands to their customer base and develop new business.
Nitriflex da Amazonia, their partner company with over 25 years of polymer compounding and application engineering [...]

Cobalt Technologies, a leading developer of next generation bio-based chemicals and Rhodia, a specialty chemical company, signed agreements for a strategic alliance to develop bio n-butanol refineries throughout Latin America.
Under the terms of the alliance, Cobalt and Rhodia will work together to deploy Cobalt’s technology for the conversion of sugar cane bagasse into n-butanol for [...]

Tredegar Corporation announced Wednesday that its subsidiary, Tredegar Film Products Corporation, is to acquire 100% of the equity interests of Terphane Holdings LLC, a leading manufacturer of specialty polyester films with operations in Brazil and the United States.
Terphane is currently owned by Vision Capital, an international investment firm. The company currently produces over 38,000 tons [...]

Presidents Dilma Rousseff (Brazil) and Jacob Zuma (South Africa) and Prime Minister Manmohan Singh (India) met on 18 October for the 5th Summit of Heads of State and Government of the India-Brazil-South Africa (IBSA) Dialogue Forum. The Summit took place at a critical time globally, when the world economy is faced with serious challenges and [...]

U.S. based EnerSys, the global leader in stored energy solutions for industrial applications, Monday announced the completion of its acquisition of Industrial Battery Holding S.A.
Battery Holding S.A. is the parent company of EnerSystem, a market leader in the South American motive power and reserve power battery markets. EnerSystem has more than 20 years of experience [...]