Group Gondi and WestRock recently agreed to forming a joint venture in Mexico, combining their paper and packaging operations. Grupo Gondi operates 10 production sites with six paper machines, seven corrugated packaging plants and four high graphic folding carton plants with pre-printing capacity. WestRock operates three facilities in Mexico that produce corrugated packaging. Read More »

Venezuelans Andreina Urriola and Melissa Magill launched Geobici, an environmentally friendly bicycle delivery service in Lima, Peru, and have witnessed aggressive growth in seven months. Geobici was launched on March 1 with three cyclists making deliveries for just one restaurant four hours per day. Now, Geobici has 15 fixed clients with 13 cyclists making deliveries all day. Read More »

Azuga was chosen as a service provider for Uber’s Mexico division for its capability to track drivers, reduce liability and decrease costs. Uber car owners that have implemented Azuga into their fleets have seen a 72 percent decrease in accidents, 14 percent decrease in fuel consumption, 10 percent decrease in maintenance cost and a 12 percent decrease in operational costs. Read More »

Cemex, a building materials company, received the Certified Energy Efficient Datacenter (CEEDA) Gold Certification Tuesday for its data center after a four-months evaluation process. Cemex is the first company in America to receive the recognition, the highest distinction for energy efficiency strategy in the data center industry. The certification expires after two years. Read More »

Daniel Figueirido also will serve on company's executive committee. Read More »

Canadian renewable power producer Innergex Renewable Energy Inc. signed a memorandum of understanding with the Comisión Federal de Electricidad (CFE) to partner on renewable energy project opportunities in Mexico. The agreement between Innergex and CFE is an example of how companies are taking advantage of Mexico's new economic reforms. CFE produces and distributes electricity. Read More »

WindStream's PowerMill products make use of scaled down wind power devices where conventional large wind turbines do not meet the geographical or resource needs of the area. Consisting of three rows of PowerMills, the Argentinian project will feed energy into the grid powering LED lighting along the Camino del Buen Ayre, the first sustainable highway of Latin America. Read More »

Financial advisory company Aethel Partners confirmed Thursday Pivot, SGPS, SA signed a sale agreement with Parparticipadas for Banco Efisa. Based in London, Aethel Partners will act as Pivot's sole financial advisor for its acquisition of Banco Efisa. Ricardo Santos Silva, Aba Schubert, Mário Palhares and António Bernardo are also shareholders of Pivot, SGPS, SA. Read More »

The IX.br internet exchange facilitates connections to hundreds of peers and ISPs in the surrounding area. It connects to the country’s major metropolitan centers, including Rio de Janeiro and Sao Paulo, as well as the countries surrounding Brazil in South America. Host Virtual has data centers in North and South America, Europe, Asia and Oceania. Brazil has experienced huge growth. Read More »

The Emilio Bacardi Group headquarters in San Juan, Puerto Rico, recently went 100 percent solar with the installation of Kyocera Solar Inc.'s solar modules. The system will produce 34,533 kilowatt hours (kWh) a year, providing all the power the facility requires. The solar modules are expected to pay for themselves in five years with the help of government incentives. Read More »

DubLi Network, an e-commerce direct selling company through its Cash Back shopping platform DubLi.com, entered the Brazilian market Wednesday in its first expansion into South America. DubLi offers its business associates the opportunity to earn income by selling premium memberships of DubLi.com and marketing their online Cash Back shopping platform in nearly 100 countries. Read More »

The Ritz-Carlton Hotel Company LLC recently scheduled their first hotel opening for their Mexico City location in 2019. The new Mexico City Ritz-Carlton will operate under a long-term management agreement with Thor Urbana Capital and Heldan Hotels & Resorts. The hotel will be part of the Chapultepec Uno mixed-use project, including 58 floors and 1.1 million square feet of space. Read More »

Spanish-language newspapers in the U.S. are going through a rich period and have an even better outlook though challenges remain, Reinaldo Escobar, a Colombian-born journalist and owner of The Spanish Times in Utah, recently told Latin Business Daily. The importance of Spanish-language media has grown along with the U.S. Hispanic community's political importance, Escobar said. Read More »

Latin America lacks a “bio-economy” strategy although there are some important advances, a United Nations representative recently told Latin Business Daily. Brazil, which has made advances in biofuels, and Argentina, with its crop improvements, stand out, Adrian Rodriguez, of the Agricultural Development area at the United Nations Economic Commission for Latin America, said.  Read More »

If initiatives in Brazil toward an impeachment of President Dilma Rousseff succeed, the country would enter an “uncharted territory,” Shelly Shetty, the primary analyst for Brazil at Fitch Ratings, said today during a teleconference to discuss a rating downgrade. There are “considerable uncertainties regarding the impeachment and the feasibility of the impeachment.” Read More »

The recent acquisition is expected to expand BlackRock’s capabilities in Mexico and enhance the company’s ability to offer infrastructure investment opportunities to clients around the world. Through its global platform, BlackRock currently manages $23 billion in assets for Mexican clients and delivers the firm’s comprehensive range of local and international investment solutions. Read More »

First Mexican Gold Corp. established a joint venture with Link Natural Resources (LNR) FZC, a private entity in the United Arab Emirates, Tuesday to advance their Guadalupe mine project. LNR FZC is a privately funded resource investment and development group that on seeks to advance mineral resource assets worldwide, and First Mexican Gold Corp explores precious metals in Mexico. Read More »

Elara Comunicaciones increased its capacity on the Eutelsat Communications fleet through an agreement with Eutelsat Americas Wednesday. The agreement will allow Elara to provide data services in Mexico and across Latin America. Elara and Eutelsat Americas have worked together before. With this new agreement, Eutelsat will become Elara’s No. 1 supplier of satellite capacity. Read More »

Grupo Ferrer Internacional, which consists of SA (Ferrer) and Alexza Pharmaceuticals Inc., has announced an update to its ADASUVE inhalation powder which is pre-dispensed in the European Union and Latin America. Read More »

Embraer has registered a 50 percent increase in deliveries during the third quarter of 2015, compared to the same period last year. Between July and September, the company posted 21 for the commercial aviation market and 30 to the business aviation market. Through September, the company inventory was worth $ 22.1 billion. Read More »