Brazilian subsidiary is among fastest growing operations; focus is on savory snacks 12/09/2022 Alexandre Carreteiro — Foto: Silvia Zamboni/Valor PepsiCo will invest R$1.2 billion in its food operations in Brazil in 2023 as part of a project to double in size within five years. This is the food giant’s largest annual investment in 70 years […]
Expensive and sophisticated models are more accepted in Chile, Colombia and Mexico 12/08/2022 Márcio de Lima Leite — Foto: Silvia Zamboni/Valor The foreign market will be one of the biggest highlights for the Brazilian automotive industry in 2022. The problems in Argentina, where currency clearance restrictions hinder imports, have been compensated by the expansion of […]
In face of fiscal risks, Copom maintains key interest rate Selic at 13.75% 12/08/2022 Central Bank’s building in Brasília — Foto: Reprodução/Facebook Central Bank’s Monetary Policy Committee (Copom) kept intact the key interest rate Selic at 13.75% per year and its monetary policy message that foresees the maintenance of the rate at high levels for […]
Center comes at a time when many healthcare groups are opening cancer centers 12/08/2022 Parque Global is a planned district under construction in São Paulo — Foto: Reprodução/Parque Global The Albert Einstein Hospital is investing in a R$1.2 billion oncology and hematology center. The 32,000-square-meter facility, expected to be inaugurated in 2025, will be built […]
First unit abroad opens in 2023 to facilitate exportation logistics to Americas, Europe and Africa; expected production totals 40 tonnes per month 12/06/2022 Ana Oliva — Foto: Divulgação Japi, a Jundiaí-based manufacturer of sanitary ware and gardening accessories, is preparing its first unit abroad, in the Dominican Republic. The plant is expected to start operating […]
Quotas and inspection in ports have shrunk supply, especially of phosphates fertilizers 12/06/2022 China reduced shipments of phosphate fertilizers to Brazil by 50% between January and October of this year. Asia’s largest economy put in place a policy of restricting fertilizer exports to protect its domestic market. C China exported 1.2 million tonnes of this […]
Pátria sells 55% of Entrevias to French group but keeps interested in sector 12/06/2022 Belen Marcos — Foto: Divulgação The French group Vinci and the investment management company Pátria plan to continue expanding their operations in the Brazilian infrastructure market, according to Belen Marcos, global CEO of Vinci Highways, and Roberto Cerdeira, partner of the […]
Company will soon put into operation three wind farms and two large solar plants 12/05/2022 Paula Dalbello — Foto: Silvia Zamboni/Valor The EDP group’s plan to grow in renewable energy involves Brazil. The Portuguese company’s ambition to reach 20 GW of installed capacity by 2025 has the country as one of the main vectors of […]
Bank still holds around 8% of the shares and is studying a block operation instead of a public offering 15/05/2022 The Brazilian Development Bank (BNDES) is evaluating the sale of most of its remaining position in Eletrobras and has already begun talks with investment banks on the subject. The lock-up imposed on the capitalization last […]
Strategic plan reiterates priorities in deep water oil 12/05/2022 Petrobras’ oil target for the next five years, according to the 2023-2027 strategic plan, is aligned to the previous plan — which did not take the market by surprise. It ratifies the state-owned company’s priority to invest in the deep-water oil. However, a lower oil production […]