Plan for next 10 years is to develop new products at innovation center in Brazil, said Gonzalo Uribe 11/11/2022 Gonzalo Uribe — Foto: Ana Paula Paiva/Valor After selling the Brazilian operation of Neve toilet paper and professional paper towel for $175 million to Suzano two weeks ago, Kimberly-Clark now plans to invest $80 million in […]
Region in the North and Northeast has potential for 7.5bn barrels 11/11/2022 Magda Chambriard — Foto: Leo Pinheiro/Valor Despite environmental sensitivities, Petrobras will release this month a business plan that reinforces its intention to open a new exploratory frontier in deep waters in the so-called Equatorial Margin. This is the region between the coast of […]
CEO says U.S. government’s infrastructure package is likely to generate demand for 5 million tonnes of steel, which will translate into actual demand as early as next year 11/10/2022 Gustavo Werneck — Foto: Julio Bittencourt/Valor Gerdau is optimistic about steel demand in North America and sees robust cycles ahead in the region, despite logistical and […]
Company invests R$30m in innovation and signs partnership with Unicamp to study production of ethanol and biomass 11/10/2022 Shell will research the energy viability of agave, a typical crop of semi-arid regions, as an energy source. If the potential foreseen by the specialists is confirmed, the cultivation of agave can transform the Brazilian hinterland into […]
Company will sell capsules made of paper and a biodegradable polymer that can be used in home composting 11/10/2022 Marcelo Melchior — Foto: Claudio Belli/Valor When asked about what scenario he draws for 2023, the CEO of Nestlé in Brazil, Marcelo Melchior, raises his eyebrows, opens a smile, and says “next year in Brazil is […]
Brazilian assets are attractively priced, says Xavier, from SPX; spending evolution concerns Stuhlberger, from Verde Asset 11/09/2022 Roberto Sallouti — Foto: Carol Carquejeiro/Valor After the electoral race, capital and investment market heavyweights are in “recalculating route” mode, based on the signals given by President-elect Luiz Inácio Lula da Silva about the design his administration may […]
Marcos Montes will travel to Mexico and Dominican Republic to sign agreements that will benefit pork producers 11/09/2022 Marcos Montes — Foto: Divulgação Outgoing Agriculture Minister Marcos Montes wants to use the remaining two months in office to expand the number of markets open for Brazilian agribusiness products and get more funds for rural insurance. […]
Company plans to expand in Brazil and Chile and enter in Colombia 11/09/2022 The data center infrastructure company Ascenty will invest R$1.5 billion in the construction of five new data centers in Brazil, Chile, and Colombia, starting at the end of 2023. “We are reinvesting 100% of our return in expansion,” CEO Chris Torto told […]
Sanitation company has already hired Bradesco BBI and Morgan Stanley to find investors 11/08/2022 Deals will help Iguá leave behind turnaround process and consolidate itself as one of the largest players in the sector — Foto: Divulgação Sanitation company Iguá has hired Bradesco BBI and Morgan Stanley to find a new partner. According to three […]
Usual real income for September quarter reached R$2,737, a monthly increase of 1.4% 11/08//2022 Labor income has been recovering unevenly. In recent months, sectors like agriculture, construction, services, and commerce have seen a sharp increase, while public administration and the industry decelerated. Even though inflation is up again in October, economists say this recovery is […]