Sharp reduction in taxes will put governors under pressure 06/28/2022 The reduction of sales tax ICMS on fuel, electricity, communications and public transportation, in effect since Friday, and the analysis by the Federal Supreme Court (STF) on how to calculate taxes levied on fuels will cause a loss of R$105 billion to R$136 billion for […]
Commitment was signed by Valcamby, Argor-Heraeus, Metalor, MKS Pamp and PX Précinox 06/28/2022 Statement illustrates growing scrutiny surrounding gold mined in the Amazon rainforest — Foto: Unsplash Swiss gold refiners, among the world’s largest, have pledged not to import gold from indigenous territories in the Brazilian Amazon, in a first-of-its-kind statement that illustrates the growing […]
CEO says current hybrid is ticket to full electrification 06/28/2022 Anders Gustafsson — Foto: Silvia Zamboni/Valor Volvo is the leader in the fully electric car segment in Brazil, with 39% of this market from January to May. About a year ago, the company decided to abandon the sale of combustion-powered cars in Brazil and to […]
Company projects to increase its market share to 30% from current 13% 06/28/2022 The new furnace will have the capacity to produce 1,000 tonnes a day — Foto: Reprodução/Vivix Flat glass manufacturer Vivix, owned by the Cornélio Brennand group, will invest R$1.3 billion in a new plant in the municipality of Goiana (Pernambuco), where it […]
This is what new projections from federal government indicate, despite global prospects 06/27/2022 Although the long-term prospects for the Brazilian agribusiness continue to be the most promising, the current global economic situation, marked by interest rate increases and inflationary escalation in several countries — and amid the Russian invasion of Ukraine — tends to make […]
Investors are wary after federal government’s recent measures to contain fuel prices 06/27/2022 Mariana Dreux — Foto: Ana Paula Paiva/Valor The resurgence of fiscal and political risks in recent weeks has further clouded the horizon for Brazilian assets. Market mistrust has increased with the federal government’s recent measures to contain fuel prices, so that uncertainty […]
CanPack plans to invest R$250m to produce 37 billion caps a year by the end of 2023 06/24/2022 With CanPack’s cap factory, the capital of Amazonas now houses four such units in its industrial district — Foto: Reprodução/CanPack CanPack, a Polish company that makes aluminum cans for beverages, will invest R$250 million in the construction […]
In 2021, R$3.8bn were spent in this field; in 2010, amount was R$15.3bn, highest in the series 24/06/2022 A central theme in the negotiations for Brazil’s admission to the Organization for Economic Cooperation and Development (OECD), environmental protection received last year, under President Jair Bolsonaro, the lowest amount of funds in 12 years, according to […]
Future mill will have a capacity of 2.5 million tonnes of eucalyptus pulp per year and is expected to start operating in 2028 06/23/2022 With an average distance of 150 kilometers between the plant and the forests, the unit will be the most competitive of the Chilean group — Foto: Divulgação/Zig Koch Arauco signed an […]
Group says adoption would be “monumental setback for human rights” 06/23/2022 A group of independent experts from the United Nations released a statement in Geneva on Wednesday urging the Brazilian Senate to reject a bill on pesticides, warning that its adoption will mean a “monumental setback for human rights in the country.” The experts are […]