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Brazilian operations
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Jbs Cancels Reorganization Plans After Bndespar Veto
Nov 17, 2016Brazilian meat processor JBS has cancelled its plans to move some of its operations outside the country after a government agency BNDESPar vetoed a proposed reorganization. BNDESPar, Brazil's state development bank BNDES’ investment ...
Tags: meat processor, JBS
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Altana Has Acquired Two Companies in Brazil
Dec 23, 2014Specialty chemicals Group Altana has acquired two companies in Brazil. As a result, the Actega division now has its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the ...
Tags: packaging industry, overprint varnishes, printing inks, Construction
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China Automotive Systems Has Started to Set New Facility in Brazil
Dec 3, 2014China Automotive Systems has started construction of the first stage of a facility in Sao Paulo, Brazil designed for the assembly of its steering units for sale in South American markets. The new Brazilian facility will be assembling ...
Tags: Assembly Plant, steering products, Auto
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BRF Ended 3Q14 with Net Income of R$ 624 Million, an Increase of 117.5% Over 3Q13
Nov 19, 2014BRF ended the third quarter of 2014 with net income of R$ 624 million, an increase of 117.5% over 3Q13. This performance arose from the management techniques and processes that have been implemented over the last year and highlight the ...
Tags: Brazilian operations, Net Operating Revenues, Agriculture
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General Motors Has Unveiled Plans to Strengthen Its Brazilian Operations
Aug 18, 2014General Motors has unveiled plans to strengthen its Brazilian operations over the next five years with an investment of $2.9bn. The company plans to focus on the development of new products, technologies and employee training as well as ...
Tags: General Motors, Auto Parts, Accessories
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Tyson Foods Has Signed a Deal to Sell Its Poultry Operations in Mexico and Brazil
Aug 8, 2014Tyson Foods has signed a deal to sell its poultry operations in Mexico and Brazil to JBS for $575m, as part of efforts to pay down debt associated with its $7.7bn purchase of Hillshire Brands. Tyson's Mexican operations will be ...
Tags: Tyson Foods, Poultry, Foods
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Gerdau SA Has Reported Its Financial Results for The Q4 and The Full Year of 2013
Feb 24, 2014Brazil-based steel producer Gerdau SA has reported its financial results for the fourth quarter and the full year of 2013. In the fourth quarter, the net profit of the company was R$492 million ($208.9 million), rising from R$143 million ...
Tags: steel producer, Mineral
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New Office Is Launched by Ingle International in Sao Paulo,Brazil
Nov 25, 2013The Ingle Group of Companies announces the opening of its new office in Sao Paulo, Brazil, an addition to Ingle's business initiatives in Santiago de Chile and Buenos Aires. Offices in Latin America add to Ingle International's existing ...
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Gerdau Posts Net Profit of The Company up 57.4 Percent in The Third Quarter
Nov 1, 2013Brazil-based steel producer Gerdau SA has reported its financial results for the third quarter and the first nine months of the current year. In the third quarter, the net profit of the company was R$642 million ($292 million), up 57.4 ...
Tags: steel, Metallurgy, Mineral
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The Net Margin of Gerdau Drops 27 Percent in Q2
Aug 5, 2013Brazil-based steel producer Gerdau SA has reported its financial results for the second quarter and the first half of the current year. In the second quarter, the net profit of the company was R$401 million ($104.4 million), down 27 ...
Tags: Net Profit, Mineral
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Norske Skog to Divest 51% of The Shares in Norske Skog Pisa in Brazil
Jun 19, 2013Norske Skog has announced its consent to divest 51% of the shares in Norske Skog Pisa in Brazil to Papeles Bio Bio, which is controlled by a consortium of Chilean investors Group BO/Pathfinder, for $41.3m. According to the Norwegian ...
Tags: Norske Skog, Mill Operations
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SCOR Global Life Americas Has Appointed Francisco De Toledo Neto as The New President
Jan 24, 2013SCOR Global Life Americas has appointed Francisco de Toledo Neto as the new president of its Brazilian operations, SCOR Life Brazil, to tap the growing business opportunity of life-health reinsurance market in the country. Toledo joins ...
Tags: life health reinsurance market, reinsurance market, primary insurers
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Arcelormittal Submitted a Bid to Purchase Thyssenkrupp AG's Calvert, Alabama Rolling Mill
Jan 11, 2013Global news reports Wednesday indicated that steelmaking giant ArcelorMittal submitted a bid to purchase ThyssenKrupp AG's Calvert, Alabama flat rolled mill. The reports cited ArcelorMittal CFO Aditya Mittal during a conference call ...