Investments
InvestmentsChile’s investments abroad amount to 54 billion USD, mostly Latinamerica
Chile's investment abroad amounted to about 54.2 billion US dollars between 1990 and June 2010, distributed among more than 70 countries from the Americas, Europe, Asia, Oceania and Europe, according to a report released Monday by the General Directorate of International Economic Relations (DIRECON).
Merger of Chile’s Lan and Brazil’s Tam to become the region’s largest carrier
Two major South American airlines announced on Friday plans to merge and create the biggest carrier in the region. Brazil's largest airline TAM Linhas Aereas will be teaming up with Chile's LAN.
Asian and Latinamerican corporations buying Argentine assets
In the nineties most Argentine companies were purchased by companies with headquarters in New York or Madrid but in this decade they come from less glamorous countries: China, India, Brazil, Russia and unsuspected places such as Mexico, Peru and Colombia.
Chilean and Swedish companies insist with new pulp mill in Uruguay
Chilean wood pulp producer Celulosa Arauco y Constitucion SA seeks to continue its regional expansion as it develops plans for a new pulp mill in Uruguay, Arauco's corporate director, Franco Bozzalla, said this week.
China on course to become biggest foreign direct investor in Brazil
China's direct investment in Brazil has surged, putting China on course to be the biggest foreign direct investor in Latin America's largest economy this year.
Chilean company and US associate to develop mining project in Minnesota
Jean Paul Luksic, executive president of Chilean company Antofagosta PLC, met this week with authorities and the press at the Minnesota Twins’ Target Field in Minneapolis to present the joint mining project developed with Duluth Metals – a venture now estimated to cost 2 billion US dollars.
Chinese auto maker planning a plant with a production capacity of 170.000 units
Chinese auto-maker Chery Automobile Co. will spend 700 million US dollars on a plant in Sao Paulo, Brazil's wealthiest state, the local newspaper o Estado de S. Paulo reported in its Thursday edition.
Foster Wheeler awarded engineer contract for Montevideo LNG receiving plant
Foster Wheeler AG (Nasdaq: FWLT) announced Wednesday that its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG receiving terminal (the “GNL Del Plata” facility) to be built in Uruguay’s capital Montevideo.
Chile advances in ‘bi-oceanic’ link projects with Brazil, Bolivia and Argentina
Chilean President Sebastián Piñera made his Mercosur debut this week at the regional trade association’s summit in San Juan, Argentina, delivering a well received speech and holding separate meetings with Bolivian President Evo Morales and Brazil’s Lula da Silva and Argentina’s Cristina Kirchner.
Uruguay’s Science Park, an ambitious high tech development
Next Thursday will see the launching of works for Uruguay’s Science Park, an undertaking targeted to attract high tech medical and pharmaceutical industries linked to the production of drugs both for exporting and the domestic market, plus the promotion of scientific research and highly qualified jobs.
