Peru figures as the sixth country with the higher index of interests for manufacturing investment among the emerging markets, according to Pricewaterhouse Coopers (PwC), that gathers the top 20 emerging countries of the world regarding manufacturing investment, reported today the company.
"Peru and its successful location inside the Index PwC EM 20 is due to Peru's low labour costs and its reasonable proximity to United States, country with which Peru has signed a Free Trade Agreement (FTA) and one of its main markets of exportation", Sergio Koremblit, partner of PwC Advisory stated .
In addition, he said that among other reasons are the good conectivity with the principal markets of the European Union, its vigorous rate of growth and its low level of risk that the country represents.
Publication: Andina - English Newswire
Provider: Andina
Date: July 11, 2008
7/11/08
7/9/08
Geneva Resources, Inc. Receives Final Geophysics Report on Vilcoro Gold Property, Peru
Marcus Johnson, President of Geneva Resources Inc. ("Geneva"), and Lori McClenahan, President of St. Elias Mines Ltd. ("St. Elias" or the "Company"), announce that the final geophysical report on the Vilcoro Gold Property in Peru has been received from Fugro Ground Geophysics. The Company has an option to earn a 66% interest in the Vilcoro Property from St. Elias Mines Ltd.
The geophysical survey comprised 13.9 km on 17 lines with IP-Resistivity readings at 25-meter intervals and Magnetic readings at 10-meter intervals. The geophysical interpretation shows that the "MAIN TREND" of gold mineralization is cored by a distinct chargeability (IP) anomaly that begins approximately 100 meters below surface. Such anomalies are commonly caused by disseminated sulphides associated with epithermal gold mineralization. This chargeability anomaly, which is about 400 meters long and 200 meters wide, corresponds to that part of the "MAIN TREND" where highest gold grades were obtained from surface sampling, and is considered a top-priority drill target.
The Company has secured the services of a professional organization to immediately begin an Environment Impact Study required by the Government of Peru to obtain a drilling certificate. Representatives of the Company are currently in the field negotiating with the owners of surface rights for permission to build drill roads and platforms.
Publication: PR Newswire
Provider: PR Newswire
Date: July 9, 2008
The geophysical survey comprised 13.9 km on 17 lines with IP-Resistivity readings at 25-meter intervals and Magnetic readings at 10-meter intervals. The geophysical interpretation shows that the "MAIN TREND" of gold mineralization is cored by a distinct chargeability (IP) anomaly that begins approximately 100 meters below surface. Such anomalies are commonly caused by disseminated sulphides associated with epithermal gold mineralization. This chargeability anomaly, which is about 400 meters long and 200 meters wide, corresponds to that part of the "MAIN TREND" where highest gold grades were obtained from surface sampling, and is considered a top-priority drill target.
The Company has secured the services of a professional organization to immediately begin an Environment Impact Study required by the Government of Peru to obtain a drilling certificate. Representatives of the Company are currently in the field negotiating with the owners of surface rights for permission to build drill roads and platforms.
Publication: PR Newswire
Provider: PR Newswire
Date: July 9, 2008
7/7/08
Sensoria opens shop in Santa Anita
Sensoria is a firm dedicated to flavours, fragrances and ingredients in Peru. Part of Grupo Fierro, Sensoria has a 20% market share and posts an annual turnover of US$18mil. It expects 20% growth next year. The company specialises in sweet flavours. It recently opened a shop in Santa Anita, where it sells its products in small formats to small-scale business and would-be small-scale business. The store should post monthly sales of US$10,000 and a second could well open up in Lima Norte. Publication: SABI - Business News
Provider: South American Business Information
Date: July 7, 2008
7/6/08
Electronorte invests $233 thousand in public lighting in Chiclayo
Empresa Electrica del Norte (Electronorte) will invest around 223 thousand dollars to improve the lighting system of the principal entrances in Chiclayo, mainly in the routes which goes to Lambayeque and Ferreñafe towards the Asia-Pacific Economic Cooperation Forum (APEC).
Electronorte regional manager, Alberto Chancafe Guerrero, pointed out that these works during its first stage consisted of the installation of new concrete poles with lights and wiring in the entrance of Lambayeque and Ferreñafe cities"
"Lambayeque seeks to improve its presentation towards Asia-Pacific Economic Cooperation Forum (APEC), which will take place next August in this northern department", Chancafe said.
In addition, the representative stated that besides this works, there are lighting works carried out by part of the local municipalities as well as by the regional government of Lambayeque.
Publication: Andina - English Newswire
Provider: Andina
Date: July 6, 2008
Electronorte regional manager, Alberto Chancafe Guerrero, pointed out that these works during its first stage consisted of the installation of new concrete poles with lights and wiring in the entrance of Lambayeque and Ferreñafe cities"
"Lambayeque seeks to improve its presentation towards Asia-Pacific Economic Cooperation Forum (APEC), which will take place next August in this northern department", Chancafe said.
In addition, the representative stated that besides this works, there are lighting works carried out by part of the local municipalities as well as by the regional government of Lambayeque.
Publication: Andina - English Newswire
Provider: Andina
Date: July 6, 2008
7/5/08
Around $88 million invested in Peruvian rainforest' s productive works
Peru's president, Alan García, said today that around 88 million dollars are invested in a diversity of productive works in the central rainforest benefiting population of this zone.
From the province of Chanchamayo (Junín) where the President inaugurated works of enlargement and rehabilitation of the bridge Raither that connects Lima with the district of La Merced, he indicated that such budget is invested in drinking water works for six towns, in highways, and in the above-mentioned bridge.
The president said that 2.30 million tons of production travel on this bridge, "which is considerable, but now more tons will be able to transit, five or ten more times according to we have rural electrification and infrastructure".
"This is the reason why I ask Peruvians for thinking in Peru and children's tomorrow, this bridge can be a sign of our alliance and the seal of our union for the Peru's future", he expressed.
He also said that boosting the country's infrastructure is work and essential goal of the government. "because without roads, bridges or electrification, there is not production and it is what insures long-term employment and the income of producers".
Publication: Andina - English Newswire
Provider: Andina
Date: July 6, 2008
From the province of Chanchamayo (Junín) where the President inaugurated works of enlargement and rehabilitation of the bridge Raither that connects Lima with the district of La Merced, he indicated that such budget is invested in drinking water works for six towns, in highways, and in the above-mentioned bridge.
The president said that 2.30 million tons of production travel on this bridge, "which is considerable, but now more tons will be able to transit, five or ten more times according to we have rural electrification and infrastructure".
"This is the reason why I ask Peruvians for thinking in Peru and children's tomorrow, this bridge can be a sign of our alliance and the seal of our union for the Peru's future", he expressed.
He also said that boosting the country's infrastructure is work and essential goal of the government. "because without roads, bridges or electrification, there is not production and it is what insures long-term employment and the income of producers".
Publication: Andina - English Newswire
Provider: Andina
Date: July 6, 2008
6/25/08
Peruvian gastronomy expanding abroad through franchises
In the 1990s, the big names of American fast food, such as Burger King and McDonald's, saw an opportunity in Peru. But they did not foresee that they would have to fight an extremely resilient rival in the Andean country.
Bembos, a local burger chain, not only survived the invasion of Whoppers and Big Macs but emerged as king of the burger market. And now, 15 years after the first McDonald's opened its doors in Lima, Bembos owns roughly 50 percent of the market.
Exporting its successful experience abroad, Bembos is expanding beyond the Peruvian borders -- beginning in India, where it has opened three fast-food restaurants that sell burgers made of anything but beef -- lamb, soy or beans.
Bembos is not an isolated case. Indeed, a number of successful Peruvian restaurants, from fast food to gourmet, have begun to sell Peruvian cuisine all over Latin America and are eyeing more-difficult markets, such as the United States.
China Wok, a Peruvian food chain specializing in ‘chifa’, a tasty mix of local and Chinese flavors, already has 50 restaurants in seven Latin American countries, and it plans to enter the U.S. market next year.
According to the manager, Carlos León Velarde, it has already begun negotiations with businessmen from the East Coast. ‘It will be our entrance door to the American market,' he said.
Pardo's Chicken, a popular roasted chicken fast-food chain, opened its first restaurant in the United States in 2006, in New York's West Village, and this year it will open two more -- one in Coral Gables and the other in Mexico City.
To explain the chain's success, Arnold Wu, the company's CEO, talks about what he calls the 'Peruvian taste' and Pardo's secret formula, made of a mix of 14 ingredients imported from Peru.
But not all the international expansion comes from the fast-food chains.
Higher-end restaurants are also making inroads in the international market.
One of the first of this kind of restaurant to cross the Atlantic is Astrid y Gastón, which in 2007 opened in Madrid's most exclusive zone.
This year the owner, Gastón Acurio, one of Peru's most prominent chefs, is opening another restaurant, La Mar, specializing in marine dishes, in the San Francisco Bay area, with an investment of about $6 million. Acurio says soon there will be La Mar restaurants in New York, Las Vegas and Florida.
'It's time for the Peruvian cuisine to make the big leap to achieve global recognition,' said Acurio. He thinks this global expansion can get help from foreign investors who find it is profitable to invest in Peruvian cuisine, because of both its quality and the fact that other national cuisines are overexposed.
The Peruvian government is also part of the collective effort to sell the national cuisine abroad.
According to Mara Seminario, tourism director of Promperu, the National Committee for the Promotion of Exports and Tourism, Peru is participating in gastronomic fairs around the world with the motto ‘Perú, mucho gusto,' a phrase that plays with the double meaning of ‘mucho gusto’ – ‘nice to meet you,’ and ‘very tasty.’ Also, the government has declared the national cuisine as one of its seven ‘flag products’ to be actively promoted abroad.
‘Peruvian food is unique. The first wave of Peruvian restaurants outside the country were made by immigrants, but this second one is of a much better quality and mixes tradition with modernism, sophistication with history,’ Seminario said.
Among the Peruvian dishes that already attract global attention are ceviche, a raw fish cooked in lime juice, and causa, mashed potatoes mixed with fish or seafood.
Peru is also selling itself as a gastronomic destination. Statistics from Promperu show that in 2007 more than 20,000 visitors came to the country to do ‘gastronomic tourism’ -- paying an average of $3,500 to eat at exclusive restaurants, visit local markets and visit fishing ports.
Source: Miami Herald
Bembos, a local burger chain, not only survived the invasion of Whoppers and Big Macs but emerged as king of the burger market. And now, 15 years after the first McDonald's opened its doors in Lima, Bembos owns roughly 50 percent of the market.
Exporting its successful experience abroad, Bembos is expanding beyond the Peruvian borders -- beginning in India, where it has opened three fast-food restaurants that sell burgers made of anything but beef -- lamb, soy or beans.
Bembos is not an isolated case. Indeed, a number of successful Peruvian restaurants, from fast food to gourmet, have begun to sell Peruvian cuisine all over Latin America and are eyeing more-difficult markets, such as the United States.
China Wok, a Peruvian food chain specializing in ‘chifa’, a tasty mix of local and Chinese flavors, already has 50 restaurants in seven Latin American countries, and it plans to enter the U.S. market next year.
According to the manager, Carlos León Velarde, it has already begun negotiations with businessmen from the East Coast. ‘It will be our entrance door to the American market,' he said.
Pardo's Chicken, a popular roasted chicken fast-food chain, opened its first restaurant in the United States in 2006, in New York's West Village, and this year it will open two more -- one in Coral Gables and the other in Mexico City.
To explain the chain's success, Arnold Wu, the company's CEO, talks about what he calls the 'Peruvian taste' and Pardo's secret formula, made of a mix of 14 ingredients imported from Peru.
But not all the international expansion comes from the fast-food chains.
Higher-end restaurants are also making inroads in the international market.
One of the first of this kind of restaurant to cross the Atlantic is Astrid y Gastón, which in 2007 opened in Madrid's most exclusive zone.
This year the owner, Gastón Acurio, one of Peru's most prominent chefs, is opening another restaurant, La Mar, specializing in marine dishes, in the San Francisco Bay area, with an investment of about $6 million. Acurio says soon there will be La Mar restaurants in New York, Las Vegas and Florida.
'It's time for the Peruvian cuisine to make the big leap to achieve global recognition,' said Acurio. He thinks this global expansion can get help from foreign investors who find it is profitable to invest in Peruvian cuisine, because of both its quality and the fact that other national cuisines are overexposed.
The Peruvian government is also part of the collective effort to sell the national cuisine abroad.
According to Mara Seminario, tourism director of Promperu, the National Committee for the Promotion of Exports and Tourism, Peru is participating in gastronomic fairs around the world with the motto ‘Perú, mucho gusto,' a phrase that plays with the double meaning of ‘mucho gusto’ – ‘nice to meet you,’ and ‘very tasty.’ Also, the government has declared the national cuisine as one of its seven ‘flag products’ to be actively promoted abroad.
‘Peruvian food is unique. The first wave of Peruvian restaurants outside the country were made by immigrants, but this second one is of a much better quality and mixes tradition with modernism, sophistication with history,’ Seminario said.
Among the Peruvian dishes that already attract global attention are ceviche, a raw fish cooked in lime juice, and causa, mashed potatoes mixed with fish or seafood.
Peru is also selling itself as a gastronomic destination. Statistics from Promperu show that in 2007 more than 20,000 visitors came to the country to do ‘gastronomic tourism’ -- paying an average of $3,500 to eat at exclusive restaurants, visit local markets and visit fishing ports.
Source: Miami Herald
Shougang Hierro Peru gets go-ahead for expansion
Peruvian iron ore producer Shougang Hierro Peru's board has authorized the company to begin a major investment program to increase its output capacity by 8m tonnes/year.
The project foresees installation of a beneficiation unit and a pelletizing plant, besides mine development in Marcona (southern Peru). In total, Shougang is expected to invest around US$1bn in the program, Steel Business Briefing learns from a company announcement.
As previously reported, the upgrade is expected to be concluded by mid-2010 and will virtually double Shougang’s capacity to 16m t/y. The company is also considering a second expansion phase that would eventually increase output to 20m t/y.
Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: June 25, 2008
The project foresees installation of a beneficiation unit and a pelletizing plant, besides mine development in Marcona (southern Peru). In total, Shougang is expected to invest around US$1bn in the program, Steel Business Briefing learns from a company announcement.
As previously reported, the upgrade is expected to be concluded by mid-2010 and will virtually double Shougang’s capacity to 16m t/y. The company is also considering a second expansion phase that would eventually increase output to 20m t/y.
Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: June 25, 2008
6/21/08
Brazilian Natura likely to open plant in Peru
Brazilian direct sales cosmetics player Natura evaluates several locations, including Peru, to satrt the construction of its new production plant.
Currently, the company has a production plant in Cajamar, 40 minutes from Sao Paulo (Brazil) and a soap production plant in Belen du Para, also in Brazil.
According to Natura Peru chief executive officer, Jose Ramon Hernandez, cosmetics and skin care demand in the region has increased substantially in recent years, and that is why the company has begun to evaluate the possibility of building a new production plant.
"Eventually, the project could be located in Peru because of the proximity of inputs and its strategic position within Latin America enabling the company to access the largest consumer markets of this sector", he told Andina news agency.
In addition, Peru has a high level of legal security, economic strength and a favorable environment for investment in the long and medium term, making it an attractive market.
"A location study to find the most suitable area to build the new plant is being carried out, and it is expected that the location will be defined in the medium term, between three to five years", he said.
However, he commented that Natura investments are located near the north of Latin America since the largest consumer markets such as Mexico, Venezuela and Colombia, are located.
As for the local operation, Hernandez said that the company is positioning in key markets such as provinces Trujillo (La Libertad), Lima (Lambayeque), Arequipa and Cusco, where it comes from a good percentage of sales of the company.
"In addition, as part of sales strategy we are entering the east of the country, in cities like Tarapoto (San Martin) and Iquitos (Loreto)", elaborated.
The company owns a portfolio of 600 products with which this year expects an increase in sales of 40 percent, driven mainly by products for the treatment of the face, perfume and makeup.
Publication: Andina - English Newswire
Provider: Andina
Date: June 18, 2008
Currently, the company has a production plant in Cajamar, 40 minutes from Sao Paulo (Brazil) and a soap production plant in Belen du Para, also in Brazil.
According to Natura Peru chief executive officer, Jose Ramon Hernandez, cosmetics and skin care demand in the region has increased substantially in recent years, and that is why the company has begun to evaluate the possibility of building a new production plant.
"Eventually, the project could be located in Peru because of the proximity of inputs and its strategic position within Latin America enabling the company to access the largest consumer markets of this sector", he told Andina news agency.
In addition, Peru has a high level of legal security, economic strength and a favorable environment for investment in the long and medium term, making it an attractive market.
"A location study to find the most suitable area to build the new plant is being carried out, and it is expected that the location will be defined in the medium term, between three to five years", he said.
However, he commented that Natura investments are located near the north of Latin America since the largest consumer markets such as Mexico, Venezuela and Colombia, are located.
As for the local operation, Hernandez said that the company is positioning in key markets such as provinces Trujillo (La Libertad), Lima (Lambayeque), Arequipa and Cusco, where it comes from a good percentage of sales of the company.
"In addition, as part of sales strategy we are entering the east of the country, in cities like Tarapoto (San Martin) and Iquitos (Loreto)", elaborated.
The company owns a portfolio of 600 products with which this year expects an increase in sales of 40 percent, driven mainly by products for the treatment of the face, perfume and makeup.
Publication: Andina - English Newswire
Provider: Andina
Date: June 18, 2008
6/19/08
Acqua invests $10m. to build five-star hotel in Urubamba, Cusco
Hotel chain Acqua Hotel Resort Spa announced today they will invest more than 10 million dollars fo the construction of a five star hotel located in the valley of Urubamba, about 80 km from Cusco city.
Acqua's marketing manager, Gonzalo Tafur, said that the hotel spa will have 115 colonial rooms, including a presidential suite, 15 suites and 99 standard rooms .
"The 500 square-meters presidential suite will include two bedrooms (a matrimonial and a double room), two living rooms, one dining room, a terrace, a pool, an observatory, and a movie and music theater", detailed Tafur to Andina news agency.
Furthermore, the project will include the construction of an artificial lake, two restaurants, a bar, a sushi bar, an art gallery, a library, a museum, and a movie theater for 25 people, he added.
Tafur detailed that the total area of the hotel is ten hectares, but they will only use six hectares in the first stage of the construction. The remaining four hectares will be used for the second stage, which will take place in 2010.
Publication: Andina - English Newswire
Provider: Andina
Date: June 18, 2008
Acqua's marketing manager, Gonzalo Tafur, said that the hotel spa will have 115 colonial rooms, including a presidential suite, 15 suites and 99 standard rooms .
"The 500 square-meters presidential suite will include two bedrooms (a matrimonial and a double room), two living rooms, one dining room, a terrace, a pool, an observatory, and a movie and music theater", detailed Tafur to Andina news agency.
Furthermore, the project will include the construction of an artificial lake, two restaurants, a bar, a sushi bar, an art gallery, a library, a museum, and a movie theater for 25 people, he added.
Tafur detailed that the total area of the hotel is ten hectares, but they will only use six hectares in the first stage of the construction. The remaining four hectares will be used for the second stage, which will take place in 2010.
Publication: Andina - English Newswire
Provider: Andina
Date: June 18, 2008
Taca Cargo to start Lima-Guatemala direct flights from July 15th
Taca airline will start direct cargo flights from Lima to Guatemala from July 15th, with three flights a week, the director of Taca Cargo, Víctor Mejía, reported Wednesday.
Flights will be available on Tuesday, Thursday and Saturday in both ways. Flights from Lima will take off at 10:30 hours (15:30 GMT) and land in Guatemala at 14:05 hours.
While, flights from Guatemala will take off at 15:00 hours and land in Lima at 20:35 hours.
In this way, Peruvian exporters will have a larger offer for their exports abroad, and the central american entrepreneurs will be benefited as well.
"For us, it is important to be able to provide an excellent service on aour flights".
Publication: Andina - English Newswire
Provider: Andina
Date: June 19, 2008
Flights will be available on Tuesday, Thursday and Saturday in both ways. Flights from Lima will take off at 10:30 hours (15:30 GMT) and land in Guatemala at 14:05 hours.
While, flights from Guatemala will take off at 15:00 hours and land in Lima at 20:35 hours.
In this way, Peruvian exporters will have a larger offer for their exports abroad, and the central american entrepreneurs will be benefited as well.
"For us, it is important to be able to provide an excellent service on aour flights".
Publication: Andina - English Newswire
Provider: Andina
Date: June 19, 2008
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