As of 2024, Mexican group will produce more 500,000 tonnes of steel/year in Pindamonhangaba unit 07/01/2022 Jaime Moncada Ramos — Foto: Claudio Belli/Valor The Mexican group Simec, the third-largest long steel producer in Brazil, unveiled Thursday an investment of $300 million to increase twofold its steel mill located in Pindamonhangaba, 140 kilometers far from São […]
In practice, this reflects stronger GDP expansion and lower-than-expected unemployment rate 07/01/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo It was not only supply shocks and other surprises that made the Central Bank revise upwards its inflation projections. There were also the impacts of the lower-than-estimated degree of economic slack and […]
Combined company now has annual revenue of R$6.1bn, closer to market leader Dasa 07/01/2022 Medical laboratory chain Fleury has acquired competitor Hermes Pardini, in the wake of a series of other recent deals involving large healthcare groups, which demonstrates that the consolidation in the segment has reached the level of merging competitors. Earlier this year, […]
Future unit will have capacity of 60,000 tonnes per year, increasing installed capacity by 35% 07/01/2022 Suzano, the largest producer of market pulp in the world, intends to invest R$600 million in a new tissue paper plant in Espírito Santo, increasing the installed capacity for this type of paper by 35%, to 230,000 tonnes. Today, […]
MURRAY ADVOGADOS NEWSLETTER – JUNE 2022 06/01/2022 CRYPTO BROKERS WILL BE REGULATED, CENTRAL BANK PRESIDENT SAYS Roberto Campos Neto said new bill will improve proposals already in Congress Central Bank President Roberto Campos Neto highlighted the regulatory challenges regarding crypto-assets and said the monetary authority will regulate brokerages in the segment. “We like the bill […]
Brand will inject R$100m to modernize assembly line with new machines, tools and systems 06/30/2022 Audi had halted activities in Brazil for over a year — Foto: Reprodução/Instagram Audi unveiled Wednesday morning an investment of R$100 million to resume vehicle production in São José dos Pinhais, Paraná. The decision to make cars again in Brazil […]
Auction is expected to draw at least one bidder after postponement, revamp 06/30/2022 Five groups mull taking part in the federal auction that will choose a company or consortium to build a beltway around Belo Horizonte, the capital city of Minas Gerais, through a public-private partnership. Acciona, Sacyr, China Railway Construction Corporation (CRCC), ECB (a […]
Government measure reduces taxes to up to 16% from 35% 06/30/2022 The cars produced in Brazil may have lower local sourcing rate. The country is still far from the electrification drive underway in developed countries, and a recent measure of the federal government has accelerated the decline of manufacturing. A resolution from the executive management […]
Online platforms create opportunities for new companies abroad, experts say 06/30/2022 Expansion of e-commerce has created opportunities for new companies to venture into exporting — Foto: Ana Paula Paiva/Valor The growth of internet sales — and a favorable exchange rate — drove commerce into a boom of new exporting companies with continuous sales to other […]
Senator files appeal asking for blueprint approved last week by Agriculture Committee to be discussed in plenary 06/29/2022 Paulo Rocha — Foto: Divulgação/Senado Federal Senator Paulo Rocha (Workers’ Party, PT, of Pará) filed on Tuesday an appeal for the bill that establishes the so-called agricultural self-monitoring, passed last week by the Senate’s Agriculture Committee, to […]