Alcoa, a leader in lightweight metals, yesterday permanently closed its Poços de Caldas primary aluminum smelter in Brazil. The smelter had been curtailed since May 2014, and the original market conditions that led to the curtailment haven’t improved. Read More »
The European Investment Bank, the European Union’s long-term lending organization, has granted Banco Santander Brasil a loan of $166 million for lending to private companies in Brazil. The EIB has provided about $7.75 billion to 13 countries in the region. Read More »
Fitch Ratings released its 2015 Latin America Corporate "Comparative Statistics Special Report,” which provides the key credit metrics for 194 corporations in Latin America with international ratings. The data has been grouped by rating category. Read More »
Cargill, a multinational company, has opened a new Cargill Business Services center in Costa Rica to provide services to the Americas in the areas of finance and human resources. Operating in Costa Rica since 1999, Cargill hired 200 people for the operation. Read More »
Subsidiary awarded contract to build new shopping center in Huancayo, Peru. Read More »
Program meant to increase productivity of local businesses. Read More »
Veolia and EPM signed an agreement late last week to develop energy-efficiency services in Latin America. The alliance falls under the France-Colombia Strategic Committee, launched in January by the two countries’ governments, and signed in Medellín by Ramon Rebuelta, executive vice president for Latin America at Veolia, and Juan Esteban Calle Restrepo, CEO of EPM and leader of the EPM Group. Read More »
UNOPS and the Central American Bank for Economic Integration (BCIE) recently signed a cooperation framework agreement to assist the effective and transparent implementation of development projects in the region. Read More »
Wireless-backhaul company Ceragon Networks, Ltd, said on Monday that a tier-1 mobile operator in the Southern Cone of South America is implementing Ceragon’s solutions in preparation for a nationwide 4G-service launch. For this project, valued at over $13 million, Ceragon is upgrading and expanding the operator's 3G backhaul networks to 4G/LTE via the IP-20 platform. Read More »
Oracle said last week that it plans to open a new data center in Brazil in August as part of its commitment to help Latin American companies embrace cloud computing. The new facility will be located in Campinas, São Paulo, and will support growing demand for Oracle’s comprehensive cloud portfolio. Read More »
In a June 25 meeting with Mexico's President Enrique Peña Nieto, AT&T Chairman and CEO Randall Stephenson announced that AT&T plans to invest approximately $3 billion to extend its high-speed, mobile Internet service to Mexico. Read More »
Forum meant to open dialogue about issues that are central to private sector development and growth. Read More »
Ecopetrol S.A. recently reported that Fitch Ratings has affirmed its foreign and local currency hold Issuer Default Ratings of BBB and BBB+. "Ecopetrol's ratings reflect its strong financial profile and improving production levels,” Fitch said in its report. Read More »
Provectus Biopharmaceuticals Inc. announced it has reserved health care communications company PharmaHEALTHLabs to coordinate and facilitate an Investigator Advisory Board meeting during the 11th Brazilian Melanoma Conference from Aug. 13-15 in Brazil. Read More »
RISI on June 17 announced that it has named Suzano Chief Executive Officer Walter Schalka its 2015 Latin American CEO of the Year, as selected by a group of investment analysts and portfolio managers covering the Latin American and global pulp and paper industry. Read More »
Andersen Global announced its expansion into Latin America with the addition of accounting and law firms NOVINT; Capin, Ibañez & Asociados; and Montes, Hernández, López y Del Castillo in Mexico. The firms will be known in Mexico as Andersen Tax & Legal. Read More »
Pro Mach, a leading provider of integrated packaging and processing products and solutions, announced June 15 that the company is expanding the support of its Latin American customers with a new business and facility in Mexico. Read More »
Daimler’s wholly owned subsidiary, Daimler Colombia S.A., is opening a bus plant in Funza, Colombia, with an installed capacity of 4,000 units per year. A total of $2 million is being invested in the Colombian bus plant, which occupies 11,000 square meters. Read More »
BANDAI NAMCO Entertainment America Inc. has announced three new appointments to its leadership team, which has been assembled to focus on the company’s digital distribution channels, anime game offerings and Latin American business and marketing operations. Read More »
Company reviews details of Mexico operations and PPG-Comex acquisition. Read More »
Alerts Sign-up