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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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, [...]