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 [...]

The Wall Street Journal reported Wednesday that Brazilian billionaire Eike Batista’s conglomerate is to invest as much as $40 million a day to meet growing demand for Brazilian commodities and manufactured goods in the coming years.
In an interview with the Wall Street Journal (WSJ), Batista said he plans to create a new shipping company, purchase [...]

French multinational firm Rexel has acquired Brazil’s Nortel Suprimentos Industriais SA, a key player in the distribution of electrical and industrial equipment in Brazil. Rexel is a global leader in the distribution of electrical supplies. The investment enables Rexel gain a significant foothold in the Brazilian market and creates a platform to build a leading [...]

The Italian auto group Fiat said Tuesday it would invest 1.3 billion Euros (1.7 billion dollars) to build a new plant in the state of Pernambuco in northeast Brazil. The investment is part of the company’s 2011-2014 strategic plan that calls for expenditure of a total of 4.4 billion Euros in Brazil, where it says [...]

Swiss firm Partners Group reported it had concluded its acquisition of Brazilian watchmaker Technos da Amazônia Ind. e Com. S.A (Technos). The Swiss firm said it had completed investment in Brazilian watchmaker Technos on behalf of its clients together with its investment partner DLJ South American Partners. The investment comes in a line of other [...]

US based auto maker General Motors Co. (GM), is planning to invest an additional US$1.2 billion in the expansion of its operations in Brazil. General Motors is the world’s fourth biggest car maker and its plans for 2011investment are meant for the expansion and updates of its Brazilian operations.
Jaime Ardila, President of GM South America, [...]

Palfinger has purchased a 91 per cent stake in Brazilian crane manufacturer Madal S.A. Palfinger; the Austrian loader crane manufacturer picked up the stake in the Brazilian crane maker with estimated revenues of $15 million. Madal S.A is as well the South American market leader in hydraulic truck cranes and other hydraulic lifting equipment.
The acquisition [...]

Canadian subsidiary of HINDALCO Industries, Novelis Inc. is keen on increasing its flat rolled aluminum capacity in Brazil by 20 per cent, reported Brazilian newspaper BL. According to the report, the increase will see Novelis Inc’s production peak at 0.25 tons by the year 2014. The investment is mainly targeted at meeting the growing strong [...]

Magna International’s operating unit, Magna Seating announced it will expand its presence in South America with the purchase of automotive seating supplier Resil Minas. Magna International is a manufacturer of complete seating solutions and mechanisms. The acquired Brazilian entity will operate under the name Magna Seating Brazil and is expected to bolster the firm’s operations [...]

Europe’s third biggest aluminum manufacturer is considering a potential expansion into Brazil. Norsk Hydro ASA said it is mulling the expansion of its business into Latin America’s largest economy.  The move will see the firm venture into Brazil and Argentina after it concludes the purchase of $4.9 billion of assets from Vale SA.
Svein Richard Brandtzaeg, [...]