Sales of the Peruvian beer Cusquena in Chile grew by 270% in the first three quarters of 2008 compared to January-September 2007, states Richard Gallagher, director of exports at Backus. A study by Nielsen suggests that Cusquena has achieved 70%-plus penetration at Santiago de Chile supermarkets. In 2007, Backus and Chile's Vina Concha y Toro began a commercial relationship; in April 2008, the Backus brand Cusquena was presented in Chilean society as a premium beer. It is also available in Valparaiso and Vina del Mar. Cusquena sales rose 45% in the US in the first three quarters of 2008 and by 15% in both Spain and Britain in the same period. This year, Cusquena's home-town plant in Cusco, Ciudad Imperial, is celebrating its one-hundredth birthday.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
10/10/08
Luxury Properties to spend up to US$15mil in five years
Italian hotel chain Luxury Properties plans to invest between US$10mil and US$15mil in Peru over the next five years, says its local general director, Jose Carlos Canales. It will build three boutique hotels, one in Cusco, another in Lima and a third in an as yet undecided location. The hotels will respect the colonial style of the buildings acquired. Luxury carried out a pre-inauguration a few months back of the hotel Casa Cartagena Luxury Properties & Spa in Cusco after spending of US$5mil. The establishment is Patrimonio Historico de Peru, named so by both the Instituto Nacional de Cultura (INC) and the Congreso de la Republica. It now features 16 150-square-metre suites and a big spa as well as a gourmet restaurant and bar. Luxury's next local project is likely to be the boutique hotel in Lima.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
10/9/08
Copeinca close to choosing strategic partner
Before the year is out, Pesquera Copeinca of Peru should have decided on the incorporation of a strategic partner with whom to expand its role in the direct human consumption segment of the fishing sector. At present, it participates in this area via the subsidiary Marinasol. Samuel Dyer, general director at Copeinca, states that the partner should bring both capital and (processing) know-how to the table since his firm will stick to mackerel fishing by and large.
Marinasol plans to build a canned- and frozen-fish plant in Paita for US$10mil soon. Dyer already has a partner in mind, a big international operation allegedly. Copeinca is currently merging with Pesquera San Fermin and Piangesa, two firms bought last year.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
Marinasol plans to build a canned- and frozen-fish plant in Paita for US$10mil soon. Dyer already has a partner in mind, a big international operation allegedly. Copeinca is currently merging with Pesquera San Fermin and Piangesa, two firms bought last year.
Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008
Kimberly Clark Peru to invest $30 million in machinery next year
US Kimberly Clark Peru reported Thursday it will invest 30 million dollars in complementing equipment and new machinery, at its two production plants located in districts of Puente Piedra and Ate.
On February 11 this year, the company announced an investment of 60 million dollars to expand its two production plants, which would increase significantly the number of employees, from 600 to 1,200.
The general manager of the company Blanca Quino, explained that these expansions will improve processes in family care line, because the company will purchase toilet paper rolls converting machinery, as well as some personal accessories for personal care products machines.
"We will make this investment due to the internal demand growth, the privileged geographical location of the country and the competitive costs when exporting from Peru to other countries of the region such as Bolivia, Ecuador, and some Central American countries.
Publication: Andina - English Newswire
Provider: Andina
Date: October 9, 2008
On February 11 this year, the company announced an investment of 60 million dollars to expand its two production plants, which would increase significantly the number of employees, from 600 to 1,200.
The general manager of the company Blanca Quino, explained that these expansions will improve processes in family care line, because the company will purchase toilet paper rolls converting machinery, as well as some personal accessories for personal care products machines.
"We will make this investment due to the internal demand growth, the privileged geographical location of the country and the competitive costs when exporting from Peru to other countries of the region such as Bolivia, Ecuador, and some Central American countries.
Publication: Andina - English Newswire
Provider: Andina
Date: October 9, 2008
10/1/08
AFPs to invest in electricity and retail to protect customers funds
Private Pension Fund Administrators (AFP) in Peru are evaluating new investment opportunities in the local market to protect their customers' funds from International financial crisis, reported Monday the investment central manager of Integra (AFP), Gonzalo de las Casas.
"At the moment, we are investing in infrastructure projects, but we are also interested in new investment opportunities related to electricity and retail", de las Casas stated.
He said the international financial crisis which is getting worse after US House of Representatives defeated a 700 billion dollar bailout plan, will have a minimum impact on the workers' pension funds.
"The biggest impact will be focused on global stock markets, which expected US Congress would pass the bill in order to overcome the crisis", he told Andina news agency.
He said most of the customers' funds are invested in the local market, so Peru does not have a direct problem with the financial crisis.
Publication: Andina - English Newswire
Provider: Andina
Date: September 30, 2008
"At the moment, we are investing in infrastructure projects, but we are also interested in new investment opportunities related to electricity and retail", de las Casas stated.
He said the international financial crisis which is getting worse after US House of Representatives defeated a 700 billion dollar bailout plan, will have a minimum impact on the workers' pension funds.
"The biggest impact will be focused on global stock markets, which expected US Congress would pass the bill in order to overcome the crisis", he told Andina news agency.
He said most of the customers' funds are invested in the local market, so Peru does not have a direct problem with the financial crisis.
Publication: Andina - English Newswire
Provider: Andina
Date: September 30, 2008
9/30/08
Chef Acurio brings Peru's food boom to the poor
In a tucked away neighborhood in a dirt poor part north of Lima, Peru's capital, a school started by an elite chef is training students from humble backgrounds in the skilled art of Peruvian cuisine.
Like its economy, Peru's culinary community is exploding, and chef Gaston Acurio says people from all walks of life should have a chance to take part.
"On the one hand, we have a booming food culture ... and on the other hand, we have youth without opportunity. The school is meant to bring the two hands together," said Acurio, who runs the school and dozens of successful restaurants all over the world.
Though trained in Spain and France, Acurio is best known inside Peru for combining classic European techniques with typical ingredients in the Andean country, and for telling Peruvians their cuisine is world-class. Plates in his restaurants reflect the country's desert coast, frigid mountains and sweltering jungle, while appealing to people with different size wallets.
Students at the cooking school in Pachacutec are encouraged to experiment while being taught to make the classics.
"For us, it is the best school in Peru. The cooks that will graduate from here already have contracts with the best restaurants. They are fighting over students," Acurio told Reuters at a food festival in Lima this week.
His top-end flagship restaurant is Astrid y Gaston, now with branches in Lima, Santiago, Caracas, Bogota, Quito and Madrid. Acurio has two middle-range chains, Tanta, an urban classic, and La Mar, a ceviche restaurant with kitchens in Lima, Mexico City, Santiago and soon, in San Francisco. And he has a fast-food chain called Pasquale Hermanos, which serves criollo dishes like fried pork skin on bread.
Students at the school pay roughly 60 soles ($20.20) a month to attend classes taught by some of the country's most prominent chefs. Private companies also make contributions and students, like Cesar Raul Toribio, help clean to cut costs.
Toribio lives near the school and pays for his classes by hopping on public buses to play music and ask for donations.
He spoke as his teacher poured over the texture of his causa - a typical Peruvian dish made from mashed potatoes, aji pepper, lime, vegetables and fish.
"My idea is to work five years at a good restaurant where I can learn and gain enough experience to be able to open my own place," Toribio said.
Publication: Andina - English Newswire
Provider: Andina
Date: September 30, 2008
Like its economy, Peru's culinary community is exploding, and chef Gaston Acurio says people from all walks of life should have a chance to take part.
"On the one hand, we have a booming food culture ... and on the other hand, we have youth without opportunity. The school is meant to bring the two hands together," said Acurio, who runs the school and dozens of successful restaurants all over the world.
Though trained in Spain and France, Acurio is best known inside Peru for combining classic European techniques with typical ingredients in the Andean country, and for telling Peruvians their cuisine is world-class. Plates in his restaurants reflect the country's desert coast, frigid mountains and sweltering jungle, while appealing to people with different size wallets.
Students at the cooking school in Pachacutec are encouraged to experiment while being taught to make the classics.
"For us, it is the best school in Peru. The cooks that will graduate from here already have contracts with the best restaurants. They are fighting over students," Acurio told Reuters at a food festival in Lima this week.
His top-end flagship restaurant is Astrid y Gaston, now with branches in Lima, Santiago, Caracas, Bogota, Quito and Madrid. Acurio has two middle-range chains, Tanta, an urban classic, and La Mar, a ceviche restaurant with kitchens in Lima, Mexico City, Santiago and soon, in San Francisco. And he has a fast-food chain called Pasquale Hermanos, which serves criollo dishes like fried pork skin on bread.
Students at the school pay roughly 60 soles ($20.20) a month to attend classes taught by some of the country's most prominent chefs. Private companies also make contributions and students, like Cesar Raul Toribio, help clean to cut costs.
Toribio lives near the school and pays for his classes by hopping on public buses to play music and ask for donations.
He spoke as his teacher poured over the texture of his causa - a typical Peruvian dish made from mashed potatoes, aji pepper, lime, vegetables and fish.
"My idea is to work five years at a good restaurant where I can learn and gain enough experience to be able to open my own place," Toribio said.
Publication: Andina - English Newswire
Provider: Andina
Date: September 30, 2008
9/29/08
San Isidro to gain more office space
The Triple-A office-space market in San Isidro, Peru, is attracting ever greater investment. Yesterday, the family Martinez (shareholders in Pesquera Hayduk) and the brothers Kulenkampff, owners of the site measuring 7,000 square metres that is to be used, announced investment of US$70mil in the project Plaza Republica.
The Martinezes and the Kulenkampffs will put up two tower-blocks of 19 storeys apiece plus underground parking for 1,500 cars, explains Rafael Florez-Estrada, director-general of Binswanger, the property development group the two families have brought on board for consultancy purposes.
The building on the site already, home mainly to town-council space, will be demolished. Nextel has already signed up for office-space in tower one, already 45% reserved and set to open in March 2010 (at which point tower two will go under construction).
Publication: SABI - Business News
Provider: South American Business Information
Date: September 29, 2008
The Martinezes and the Kulenkampffs will put up two tower-blocks of 19 storeys apiece plus underground parking for 1,500 cars, explains Rafael Florez-Estrada, director-general of Binswanger, the property development group the two families have brought on board for consultancy purposes.
The building on the site already, home mainly to town-council space, will be demolished. Nextel has already signed up for office-space in tower one, already 45% reserved and set to open in March 2010 (at which point tower two will go under construction).
Publication: SABI - Business News
Provider: South American Business Information
Date: September 29, 2008
9/19/08
Brazil Petrobras May Participate in Peru Pipeline Expansion - Petroperu
A possible alliance between Peru's state-owned company Petroperu and Brazil's federal oil giant Petrobras could participate in infrastructure projects in Peru such as the expansion of the oil pipeline Oleoducto Norperuano, Petroperu's president, Cesar Gutierrez, projected on September 18, 02008.
The alliance has been proposed by the Peruvian President Alan Garcia at the opening of Peru-Brazilian forum ExpoPeru 2008 in Sao Paulo, southeastern Brazil, on September 18.
The companies are interested to ally on the expansion of Oleoducto Norperuano, which will allow to produce heavy crude oil close to Andoas, in the Peruvian northern region of Loreto, Gutierrez explained.
The alliance between the two companies could also participate in an expansion of Peru's Bayovar port terminal to increase its oil storage capacity.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 19, 2008
The alliance has been proposed by the Peruvian President Alan Garcia at the opening of Peru-Brazilian forum ExpoPeru 2008 in Sao Paulo, southeastern Brazil, on September 18.
The companies are interested to ally on the expansion of Oleoducto Norperuano, which will allow to produce heavy crude oil close to Andoas, in the Peruvian northern region of Loreto, Gutierrez explained.
The alliance between the two companies could also participate in an expansion of Peru's Bayovar port terminal to increase its oil storage capacity.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 19, 2008
9/18/08
T-Copia shows graphic strength
The graphic-arts industry is enjoying a successful period in Peru, set to post sectorial sales of almost US$750mil in 2008, a rise over year 2007's US$600mil. Jose Francisco Hidalgo, marketing director at T-Copia, states that big companies from home and abroad are attracted to the sector now but that for now there is space for everyone. In 2007, his firm posted a turnover of US$4mil; for 2008, from its independent operations, it should post US$6mil plus another US$2mil from franchises such as Office 1. T-Copia wants a chain of 50 shops across Peru as of 2010 when at present it operates 18, 16 of which are in Lima. It also wants to internationalise more; currently, it operates solely in Peru, Ecuador and Bolivia.
RIL, China firm team wins Peru gas lot
Puno is located in the south eastern region of the country. Lima, Sep. 18 (ANDINA).- Reliance Industries has for the first time teamed up with China's CNPC to win a gas block in Peru in an effort by the Mukesh Ambani-run company to expand its presence in Latin America.
Reliance Exploration and Production DMCC, a fully-owned subsidiary of Reliance Industries, along with China National Petroleum Corp (CNPC) and Argentina's Pluspetrol last week won rights to explore for gas in Block 155, in the southern highland department of Puno, next to the border with Bolivia, industry sources said.
Meanwhile, Jindal Steel and Power Ltd teamed with up Enigma Oil and Gas Exploration (Pty) Ltd to win onshore blocks 147, 159 and 153 in Peru's 2008 bidding round that auctioned 17 new oil and gas blocks.
Reliance-CNPC-Pluspetrol offered royalty of 24.58 per cent to Peruvian government while Jinda-Enigma offered 30.02 to 32.03 per cent royalty, sources said.
Peru had originally offered 22 oil and gas lots, but received bids for only 17.
Reliance has, since April this year, steadily increased its presence in the Latin American nation. On June 29, it acquired 10 per cent stake in Lot 39 in northern Peru from Burligton Resources Inc.
In May, it had teamed up with Woodside Petroleum to acquire 50 per cent in Block 108 in Peru from Pluspetrol Energy SA. Of the 50 per cent stake acquired, Reliance got 30 per cent, while Woodside Petroleum got 20 per cent. Pluspetrol Energy will retain the remaining 50 per cent stake.
The company also acquired 90 per cent stake in Block 141 in Peru from Pan Andean Resources Plc in April this year.
Publication: Andina - English Newswire
Provider: Andina
Date: September 18, 2008
Reliance Exploration and Production DMCC, a fully-owned subsidiary of Reliance Industries, along with China National Petroleum Corp (CNPC) and Argentina's Pluspetrol last week won rights to explore for gas in Block 155, in the southern highland department of Puno, next to the border with Bolivia, industry sources said.
Meanwhile, Jindal Steel and Power Ltd teamed with up Enigma Oil and Gas Exploration (Pty) Ltd to win onshore blocks 147, 159 and 153 in Peru's 2008 bidding round that auctioned 17 new oil and gas blocks.
Reliance-CNPC-Pluspetrol offered royalty of 24.58 per cent to Peruvian government while Jinda-Enigma offered 30.02 to 32.03 per cent royalty, sources said.
Peru had originally offered 22 oil and gas lots, but received bids for only 17.
Reliance has, since April this year, steadily increased its presence in the Latin American nation. On June 29, it acquired 10 per cent stake in Lot 39 in northern Peru from Burligton Resources Inc.
In May, it had teamed up with Woodside Petroleum to acquire 50 per cent in Block 108 in Peru from Pluspetrol Energy SA. Of the 50 per cent stake acquired, Reliance got 30 per cent, while Woodside Petroleum got 20 per cent. Pluspetrol Energy will retain the remaining 50 per cent stake.
The company also acquired 90 per cent stake in Block 141 in Peru from Pan Andean Resources Plc in April this year.
Publication: Andina - English Newswire
Provider: Andina
Date: September 18, 2008
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