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, [...]

US based Owens-Illinois Inc reported that it had acquired Brazilian firm, Companhia Industrial de Vidros. Companhia Industrial de Vidros manufactures glass and the US firm reiterated that its acquisition will greatly expand its foothold in South America’s biggest container market. Owens-Illinois is keen on considerably expanding its presence in South America and especially Brazil, currently [...]

Caterpillar Inc. announced it had acquired a manufacturing plant in Campo Largo, located in the state of Parana, Brazil. Caterpillar Inc. said the newly acquired facility will be used for the manufacture of backhoe loaders and small wheel loaders. Currently, the firm manufactures backhoe loaders and small wheel loaders at its Piracicaba facility.
The new plant [...]