Sumitomo Corp. said last week it will acquire up to 20 percent of Cosan Biomassa S.A., a Sao Paulo-based producer and distributor of sugar cane biomass pellets used for power generation, as part of its plan to invest in biomass fuel manufacturing. Sumitomo is seeking to invest in renewable energy as Japan seeks to reduce gas emissions by 26 percent. Read More »

Sao Paulo-based Cielo and Planet Payment Inc. have signed a contract extension regarding their Pay in Your Currency processing agreement that allows transactions in multiple currencies, letting consumers in Brazil pay in their own currency. International travelers can use their Visa or MasterCard for transactions with Brazilian stores and merchants.  Read More »

Atento, a provider of customer relationship management and business process outsourcing services in Latin America and Spain, said Mario Camara has been appointed country managing director for Brazil. Camara has grown Atento’s business in Brazil for over five years. He previously worked in the banking and financial services business unit of Atento. Read More »

Antarctica Advisors International Corporation (AAIC), a United States-based banking firm focused on the food industry, is opening a new office in Santiago, Chile. Read More »

Benjamin Alvarez has been named chief financial officer of Grupo TMM, a Mexican maritime transportation and logistics company. Read More »

An announcement from Golar GenPower Brazil recently made public the new framework agreement the company has signed with LNG Power Limited. Read More »

In a recent restructuring of its assets, Grupo Altitude S.A. has made major changes to the company, moving the majority of its partners' investees to its holding company. Read More »

Procter & Gamble, the well-known producer of household products, such as Bounty, Charmin, Crest, Downy and Dawn, currently conducts business in approximately 70 countries worldwide -- Mexico being among them. Read More »

Due to an agreement between the American grill and sushi bar and Entretenimiento Roma S.A. de C.V., Kona Grill will open six new locations in Mexico. Read More »

Fortinbrás, a company in Brazil specializing in chemicals, has updated its logo, with the official release of the new image taking place last month. Read More »

Shell recently said that oil is being produced from its drilling in the third phase of its deep-water project, Parque das Conchas, in Brazil’s Campos Basin. The oil conglomerate expects the project to add about 20,000 barrels of oil per day during peak production. The project is located about 90 miles off the coast of Brazil. Read More »

Entringer S.A., a Brazilian manufacturer of bucket elevators and grain bins, recently was acquired by Ag Growth International (AGI) Inc. as the Canadian company seeks to expand and gain access to the Brazilian agricultural sector. Entringer had sales of $43 million in 2015. Over the past six years, it had an average of $5.6 million in sales. Read More »

Sonoco Products Co., a diversified packaging company, recently expanded its fiber certification program to its plants in Brazil and Mexico. The certification is the company's commitment to recycling and maintaining healthy forests, as well as being responsible in managing natural resources, Sonoco Products Manager of Global Sustainable Packaging Laura Rowell said.  Read More »

The plan is to add another 70,000 square feet to the industrial space on the land, which Juan Monroy, CEO of FIBRA Macquarie, said was an important space in the Ciudad Juarez property market, a key northern city for company purposes. Read More »

Last month’s announcement by Empresas ICA CEO Alonso Quintana came during the company’s attempt to restructure. Read More »

Mexico's Grupo Rotoplas, a leader in providing water solutions that include storing, carrying and treating water in the Americas, said recently it has completed its acquisition of Argentina's Talsar, which produces and distributes water heaters, for $36.8 million. Rotoplas CEO Carlos Rojas Mota Velasco said Talsar’s strength and leadership in water heater market led to the acquisition. Read More »

Equinix, the worldwide interconnection and data center company, recently said it has invested $76 million for a new data center based in Sao Paulo, Brazil. The new center will offer further capacity and interconnection. This will help the company to continue to address the changing IT needs of worldwide businesses. Read More »

Fibra Inn, a Mexico real estate investment trust that specializes in providing business travelers with worldwide brands in the hotel field, has formally agreed to purchase Casa Grande Ciudad Juarez Hotel. The hotel has a total of 145 rooms and also runs its full-service segment. Fibra Inn has agreed to purchase the hotel for over $6 million. Read More »

Brazil-based GOL Linhas Aereas Inteligentes SA, the biggest best-fare and low-cost airline in Latin America, recently said  it has employed SkyWorks Capital LLC, a specialized financial advisory firm, to help GOL renegotiate the terms of its aircraft leases. The move is consistent with the company’s earlier disclosures about optimizing its route network. Read More »

ZRG Partners, a leader in talent management and executive search, recently expanded further into Brazil by adding Aline Lex to its financial services team. Lex will be joining the Sao Paulo office as head of financial services and private equity. “I am excited to start a new challenge within ZRG Partners and be part of this great team,” Lex said. Read More »