UTi Worldwide, aiming to strengthen its growth in Mexico, recently opened a new contract facility in Irapuato. The 8,200-square-foot facility has capacity for 2,800 pallets and the potential for rapid expansion. The multi-client warehouse space offers room for valued-added contract logistics including vendor-managed inventory, sub-assembly, kitting and other services. Read More »

Colombian companies face a challenging scenario as the country´s government, hit by declining oil-related revenue, is increasing taxes to try to offset lost income. Oil related revenues account for a large percentage of government income, so the decline in oil prices “left an important hole,” Natalia O'Byrne, director of Fitch Ratings Colombia, told Latin Business Daily. Read More »

Colombian copyright protection authorities accepted a Disney Enterprises request to block the presentation of a local musical show on grounds it was “unfair competition." Read More »

Praxair, Inc. said Thursday it has purchased Tcnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Tecnogas was founded approximately 50 years ago and has annual revenue of approximately $10 million. It operates three carbon dioxide production plants that Praxair said it will use to supply Peru's demand for the gas.  Read More »

Fitch Ratings expects Colombian corporate cash flows to see pressure from rising taxes from the Colombian government as it seeks to offset lower tax revenue from slumping oil prices. This pressure could be alleviated if the government gains the ability to expand its tax base. Read More »

The U.S. Chamber of Commerce launched the U.S.-Cuba Business Council (USCBC) late last week, a commitment from the U.S. business community to build a strong and strategic commercial relationship with Cuba. Read More »

Americas Petrogas, Inc. said it has received approximately $1.4 million in bonds from Tecpetrol International as part of the agreement to sell Americas Petrogas Argentina S.A. (Apasa) to Tecpetrol in August. The bonds are part of a larger issue by the Argentina government in settlement of the oil plus benefits which were previously applied for by Apasa. Read More »

Activities in Veladero Mine in San Juan, Argentina, have been restricted, according to an announcement that Barrick Gold Corporation made after the failure of a valve on a pipe carrying cyanide solution at the leach pad; the company has since reinforced that its priority now is the safety of people and the environment. Read More »

Sao Paulo Boat Show will be held at the Transamerica Expo Center from Oct. 1 to 6; the 18th edition of the event will showcase boats, yachts, jets, inflatable kayaks, engines and accessories from more than 100 exhibitors, making it the largest boat event in Latin America, coinciding with a positive moment concerning Brazilian exports. Read More »

HudBay Minerals said that investors and analysts visited its Constancia mine in Peru last week. Hudbay is an integrated mining company producing copper concentrate and zinc metal. Present in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Read More »

Latin American spending on security infrastructure in borders, ports, airports and prisons has increased in recent years as countries replace outdated equipment, a security expert told Latin Business Daily. The market for those products has expanded so that it may provide $500 million in sales over five years, Eduardo Parodi with Smiths Detection said in a telephone interview Friday. Read More »

GroGenesis sat down with representatives from the city of Camaguey, Cuba, Chamber of Commerce to discuss the possibility of developing a strategic partnership between the company and the agricultural arm of the Cuban government. GroGenesis is interested in working with the Cuban government to develop a program to help provide sustainable agricultural practices in Cuba. Read More »

Unlike the rest of the world where technology brands are the most valuable, beer names are worth the most in Latin America and this year Brazilian beer Skol overcame Corona to become the brand with the biggest value in the six countries surveyed. “The difference between both brands is minimal. One is worth $8.5 billion and the other $8.476 billion,” Fernando Alvarez said. Read More »

Chile's Banco De Credito e Inversiones has received final approval from the Federal Reserve to purchase the City National Bank of Florida, the company announced Tuesday. The Federal Reserve Board approved the purchase -- the largest-ever U.S. acquisition by a Chilean company -- Sept. 21 and the deal is set to close within 30 days. Read More »

Packers Plus Energy Services Inc., a leader and innovator in multi-stage completions systems, announced this week that it will be expanding into the Latin American region with several new locations in Argentina. Its newest sales and service centers in Neuquen and Buenos Aires will be celebrated this week at a reception hosted by the Canadian Embassy in Argentina. Read More »

Navis, part of Cargotec Corp. and provider of operational technologies and services for terminal operators, announced yesterday that Libra Terminais Rio in Rio de Janeiro has completed implementation of the Navis N4 Terminal Operating System. Libra Terminais Rio is in Brazil’s port of Rio de Janeiro, a port that houses one of the largest bonded warehouses in the region. Read More »

Telco Cuba Inc. announced new updates from the company’s CEO and founder William Sanchez after meetings this week in Cuba at the recently re-opened United States Embassy in Havana. While in Cuba, Sanchez met with Gilberto Torres, the U.S. Economics Officer at the United States Embassy in Cuba. Torres told Sanchez the U.S. government's resources were at their disposal.  Read More »

The National Association of Hispanic Journalists announced Wednesday that it will launch its first annual conference for Spanish-language journalists in 2016.The NAHJ is working in collaboration with Hispanicize 2016 to coordinate a weeklong track of Spanish-language journalism sessions. The first conference is scheduled for April 4-8 at the InterContinental Hotel in Miami.  Read More »

Cancana Resources Corp., with its venture partner Ferrometals, provided an update on Phase One of its expedition in Rondonia, Brazil. Cancana has received final aerial geophysics survey data and initial assays from drilling. The results are positive and confirm the company's operating geological model that supports the existence of significant, high-tenor mineralization. Read More »

The U.S. State Department’s Bureau of Overseas Buildings Operations has selected six design firms in Part One of its two-stage selection process for the building of the new U.S. Embassy Compound in Brasilia, Brazil. In the second stage of the selection process, the shortlisted firms will assemble their technical teams and submit qualifications for evaluation. Read More »