5G services will be available on a large scale to Brazilian consumers in 2022, according to executives from major players like Ericsson and Huawei, who participated in a virtual event promoted by Valor on Wednesday. The scope of the technology, however, will depend on a considerable expansion of the available telecommunications infrastructure, not only in […]
A recovery in pulp prices and better-than-expected financial results in recent quarters gave a boost to the shares of Suzano, raising the company’s market capitalization to a record of R$95.7 billion on stock exchange B3. The total exceeds in more than 45% the R$66 billion that Suzano Papel e Celulose and Fibria valued together the […]
The largest agricultural cooperative in Latin America, Coamo, based in the city of Campo Mourão (450 km away from Paraná’s capital Curitiba), saw its results exceed the best expectations in 2020 and plans to expand its investments in 2021. Coamo ended last year with revenues of R$20 billion, 43% more than in 2019. Net profits […]
Engie Brasil Energia (EBE) will invest R$3.5 billion throughout 2021, focusing on renewable power and infrastructure sectors. By 2023, the company’s investment plan in the country should be close to R$6 billion, a volume that may vary, depending on the new projects to be chosen. “Those amounts may include new transmission lines, gas pipelines and […]
With Carnival suspended because of the pandemic, beer production in Brazil may have dropped 10% in January, according to sector association CervBrasil. The period is very important for the industry. In the days preceding the festivities and the four days of Carnival itself, consumption may vary from 80 million to 120 million liters, depending on […]
Brasil Terminal Portuário (BTP), one of the main container operators at Port of Santos, plans to deliver the request for the early renewal of its contract by March. The idea is to extend the lease, which expires in 2027, for another 20 years. The expansion plan of the group within the port is not limited […]
Construction materials maker Duratex had the best year of its history in 2020. Despite the instability resulted from the pandemic, the company posted all-time high net revenue, adjusted and recurring EBITDA and operating cash generation. Net profit was up 11.9% to R$453.9 million, second only to that of 2013. The company believes that the end […]
The Brazilian corrugated cardboard packaging industry had the best year ever in 2020. While Brazilian GDP shrank 4.5%, according to the most recent projections, shipments of cardboard grew 5.5%, to 3.8 million tonnes, according to the Brazilian Paper Packaging Association (Empapel). E-commerce grew more than expected during the pandemic and demand rose well above expected, […]
Controlled by BTG’s private-equity firm for eight months now, the network of schools Inspira acquired 14 schools last year, with investments of R$200 million. The corporations have another R$150 million for new acquisitions, especially in the states of Pernambuco, Mato Grosso do Sul and in Brasília. The funds came from BTG’s injection of R$350 million […]
The financial volume invested by individuals grew 13.4% in 2020, the strongest pace since Anbima’s records began, to R$3.7 trillion including the high-income segment. The association of securities firms says lower interest rates and the beginning of the pandemic explain the inflow in the first quarter, while the emergency aid paid to informal workers helped […]