Three firms have recently presented proposals for Peru's Taboada wastewater treatment plant concession.
Offers were received from Spanish group ACS, and the consortiums Concesión Taboada - comprising the firms Keppel from Singapore and Brazilian Odebrecht - and Agessbio, formed by the Brazilian Andrade Gutiérrez and Chile's Essbio.
All three proposals comply with the bidding rules, according to Peru's Private Investment Promotion Agency (ProInversión).
The treatment plant concession is one of the government's priority projects, and was declared of national interest in a decree issued last December.
The project is part of an integrated plan to treat Lima's wastewater and will treat approximately 60% of the city's wastewater, which is currently disposed of without any treatment into the sea and the Rímac river.
The concessionaire will build, operate and maintain the plant, which will have the capacity to treat 14m3/s.
The 25-year concession will be awarded in the next few days and will require an estimated investment of 1bn soles (US$310mn).
Publication: Andina - English Newswire
Provider: Andina
February 8, 2009
2/8/09
2/7/09
Inversiones La Rioja and Marriott heaping on hotels
Inversiones La Rioja, the administrator of the Marriott hotel franchise in Peru, says that apart from the two previously-announced inaugurations in Cusco and San Isidro the group will be opening another establishment, this time in Trujillo, in the near future.
The presidente of Inversiones La Rioja, Alfonso Brazzini explains that the San Isidro hotel will be built as of late 2009 and will cost US$30mil. It will boast 200 rooms and will open in 2011 under the Courtyard moniker. La Rioja-Marriott has begun building its first Cusco establishment but is already thinking of a five-star hotel in the Valley of Urubamba, an hour from Cusco itself. Additionally, US$3mil is being inverted in the remodelling of the Miraflores Marriott.
Publication: SABI - Business News
Provider: South American Business Information
February 5, 2009
The presidente of Inversiones La Rioja, Alfonso Brazzini explains that the San Isidro hotel will be built as of late 2009 and will cost US$30mil. It will boast 200 rooms and will open in 2011 under the Courtyard moniker. La Rioja-Marriott has begun building its first Cusco establishment but is already thinking of a five-star hotel in the Valley of Urubamba, an hour from Cusco itself. Additionally, US$3mil is being inverted in the remodelling of the Miraflores Marriott.
Publication: SABI - Business News
Provider: South American Business Information
February 5, 2009
2/5/09
Oltursa set to invest post-changes
Oltursa hopes to invest US$8mil this year as long as the Peruvian Ministerio de Transportes y Comunicaciones (MTC) emits new national transport regulations, allowing companies from the sector access to new routes. The US$8mil would be split as follows: US$6mil will go on the acquisition of buses and the other US$2mil on infrastructure (the construction of new sales-points and terminals etc). David Olano, executive president of Oltursa, is hopeful the new regulations will be issued at the end of this month. The company currently has a fleet of around 45 buses and wants to move up to 60. New destinations that would be attractive to Oltursa include Tacna, Cajamarca and Huaraz. It posted sales of US$14mil in 2008 and the road-transport firm is looking for 10% growth in 2009.
Publication: SABI - Business News
Provider: South American Business Information
February 5, 2009
Publication: SABI - Business News
Provider: South American Business Information
February 5, 2009
2/3/09
Jose R. Lindley sticking to investment guns
Corporacion Jose R. Lindley will invest US$50mil in 2009 despite the current economic climate, spending on expanding production lines, packaging and cold storage, explains the Peruvian group’s general director, Johnny Lindley. Preliminary talks regarding credit are going well, says Lindley, the family member currently at the reins of the drinks group.
The main project for the corporation in 2009 is that of constructing a glass-blowing plant (also featuring plastic-bottle production) in Santa Rosa, Trujillo, at a cost of US$40mil. Said plant could become operative in 2010. The group has plants in Chiclayo, Sullana (Piura), Iquitos (Loreto), Trujillo (La Libertad), Cusco, Ica, Arequipa and Lima (Cercado, Callao, San Juan de Lurigancho and Rimac) as well as a distribution centre in Jauja (Junin).
Publication: SABI - Business News
Provider: South American Business Information
January 29, 2009
The main project for the corporation in 2009 is that of constructing a glass-blowing plant (also featuring plastic-bottle production) in Santa Rosa, Trujillo, at a cost of US$40mil. Said plant could become operative in 2010. The group has plants in Chiclayo, Sullana (Piura), Iquitos (Loreto), Trujillo (La Libertad), Cusco, Ica, Arequipa and Lima (Cercado, Callao, San Juan de Lurigancho and Rimac) as well as a distribution centre in Jauja (Junin).
Publication: SABI - Business News
Provider: South American Business Information
January 29, 2009
2/2/09
Nestle, Coca Cola, launched Inka Kola flavoured ice cream
Nestle and Coca-Cola have set up partnership for launching a new ice cream in Peru, with the flavour of the carbonated beverage Inca Kola, which took nine months to be developed. The corporations are investing US$500,000 in the new product marketing, hoping it will be as successful as other Coca-Cola branded products.
Johnny Lindley, general manager Corporacion Jose R. Lindley, firm responsible for manufacturing, commercializing and distributing Coca-Cola products, pointed out the best way to face crisis is being solid and launching innovative products. The firm is directing US$50mil during 2009 in expansion of production lines, cooling and packaging equipment. Nestle has invested US$5mil in the launch of 20 new products since October 2008, among them figures the limited edition of Inca Kola, which could be promoted to the firm's brands portfolio depending on its performance
Publication: SABI - Business News
Provider: South American Business Information
February 2, 2009
Johnny Lindley, general manager Corporacion Jose R. Lindley, firm responsible for manufacturing, commercializing and distributing Coca-Cola products, pointed out the best way to face crisis is being solid and launching innovative products. The firm is directing US$50mil during 2009 in expansion of production lines, cooling and packaging equipment. Nestle has invested US$5mil in the launch of 20 new products since October 2008, among them figures the limited edition of Inca Kola, which could be promoted to the firm's brands portfolio depending on its performance
Publication: SABI - Business News
Provider: South American Business Information
February 2, 2009
Hayduk re-launches Perfecta cannery brand
Pesquera Hayduk re-launched its canned-fish brand Perfecta, in order to consolidate market share in the low income classes and its presence in the countryside of Peru. The firm is focusing in anchovy, a fish that has great potential due to its low consumption, says Fernando Parodi, general manager. Hayduk brands currently have around 12% of the national canned-fish market and idea is keep boosting its business. The firm strategy is focused in direct human consumption and conquering new market.
Publication: SABI - Business News
Provider: South American Business Information
February 2, 2009
Publication: SABI - Business News
Provider: South American Business Information
February 2, 2009
1/28/09
Peruvian programmers in great demand
Global demand of Peruvian programmers is highly increasing due to their high technical level, reported Wednesady the Peruvian Association of Producers of Sotfware (Apesoft).
This also implies better wages for these programmers, pointed out the President and General Manager of Apesoft, Yosif Humala.
"Latin-American and European companies are increasingly demanding Peruvian professionals who work in software creation and development because of their computer skills", the President of Apesoft said.
In this respect, he emphasized that Peruvian programmers' jobs is one of the most valuable in world software market for its productivity and qualification.
"Countries such as Argentina, Uruguay, Chile and Spain demanded these services last year," he stated.
Microsoft Peru announced Wednesday his free assistance to 100 local emerging companies in the software creation and development in 2009.
This US$ 500,000 investment project will allow small business owners to generate technology for their administrative and accounting processes.
Publication: Andina - English Newswire
Provider: Andina
January 29, 2009
This also implies better wages for these programmers, pointed out the President and General Manager of Apesoft, Yosif Humala.
"Latin-American and European companies are increasingly demanding Peruvian professionals who work in software creation and development because of their computer skills", the President of Apesoft said.
In this respect, he emphasized that Peruvian programmers' jobs is one of the most valuable in world software market for its productivity and qualification.
"Countries such as Argentina, Uruguay, Chile and Spain demanded these services last year," he stated.
Microsoft Peru announced Wednesday his free assistance to 100 local emerging companies in the software creation and development in 2009.
This US$ 500,000 investment project will allow small business owners to generate technology for their administrative and accounting processes.
Publication: Andina - English Newswire
Provider: Andina
January 29, 2009
1/27/09
Fortuna increases silver production at Peru's Caylloma mine
Fortuna Silver Mines Inc. reported 2008 production performance figures and provide a 2009 production guidance for its Caylloma Mine, located in southern Peru.
The Mine produced 889,782 ounces of silver, an increase of 85% compared to 2007. For 2009 the Company anticipates silver production of 1.6 million ounces, an expected increase of 80% compared to 2008.
A Technical report on Reserves and Resources for the Caylloma mine is available on the Company's website at www.fortunasilver.com.
Mr. Jorge Ganoza, CEO of the Company, commented: "Our team at Caylloma has done a superb job in delivering sustained metal production growth since the start of mining in late 2006. For 2009 we plan this growth to continue. The expected increase in silver is the result of our successful investments in exploration and development of new bonanza style silver veins which began contributing to production in the fourth quarter of 2008."
Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America.
The company's primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico
Publication: Andina - English Newswire
Provider: Andina
January 27, 2009
The Mine produced 889,782 ounces of silver, an increase of 85% compared to 2007. For 2009 the Company anticipates silver production of 1.6 million ounces, an expected increase of 80% compared to 2008.
A Technical report on Reserves and Resources for the Caylloma mine is available on the Company's website at www.fortunasilver.com.
Mr. Jorge Ganoza, CEO of the Company, commented: "Our team at Caylloma has done a superb job in delivering sustained metal production growth since the start of mining in late 2006. For 2009 we plan this growth to continue. The expected increase in silver is the result of our successful investments in exploration and development of new bonanza style silver veins which began contributing to production in the fourth quarter of 2008."
Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America.
The company's primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico
Publication: Andina - English Newswire
Provider: Andina
January 27, 2009
Colombia's Ecopetrol plans to buy Petro-Tech
Colombia's state oil company Ecopetrol SA is planning to buy Petro-Tech Peruana SA, Peru's third-largest crude oil producer, Colombian Mining and Energy Minister Hernan Martinez said on Monday.
Ecopetrol, which is exploring for oil in Peru's northern jungle with Brazil's Petroleo Brasileiro SA and Petroleos del Peru SA, plans to increase investment in Peru's oil and natural gas industry, Martinez told reporters at the Presidential Palace in Lima after meeting with Peru's President Alan Garcia.
"We're studying whether to buy Petro-Tech," Martinez said. "Ecopetrol aims to invest in the long term despite the financial crisis."
Ecopetrol plans to spend $60 billion by 2015 to meet its goal of pumping 1 million barrels a day, up from this year's 650,000 barrels, and to more than double its refining capacity. Of $6.2 billion in planned spending for next year, including $1 billion for exploration, $2.72 billion for boosting output and $870 million for acquisitions, the company's president, Javier Gutierrez, said Dec. 18.
Petro-Tech, a unit of Houston-based Offshore International Group, produces 11,000 barrels per day of crude and 15.6 million cubic feet of gas. Argentina's Pluspetrol SA and Rio De Janeiro- based Petroleo Brasileiro SA are the largest oil producers in Peru.
Publication: Andina - English Newswire
Provider: Andina
January 27, 2009
Ecopetrol, which is exploring for oil in Peru's northern jungle with Brazil's Petroleo Brasileiro SA and Petroleos del Peru SA, plans to increase investment in Peru's oil and natural gas industry, Martinez told reporters at the Presidential Palace in Lima after meeting with Peru's President Alan Garcia.
"We're studying whether to buy Petro-Tech," Martinez said. "Ecopetrol aims to invest in the long term despite the financial crisis."
Ecopetrol plans to spend $60 billion by 2015 to meet its goal of pumping 1 million barrels a day, up from this year's 650,000 barrels, and to more than double its refining capacity. Of $6.2 billion in planned spending for next year, including $1 billion for exploration, $2.72 billion for boosting output and $870 million for acquisitions, the company's president, Javier Gutierrez, said Dec. 18.
Petro-Tech, a unit of Houston-based Offshore International Group, produces 11,000 barrels per day of crude and 15.6 million cubic feet of gas. Argentina's Pluspetrol SA and Rio De Janeiro- based Petroleo Brasileiro SA are the largest oil producers in Peru.
Publication: Andina - English Newswire
Provider: Andina
January 27, 2009
1/24/09
Tourism and investment projects in Piura, Peru to be promoted in Spain
Peruvian Congress member Rosa Venegas Mello will travel to Spain to promote in the cities of Madrid and Barcelona several investment opportunities, from agribusiness to tourism projects, in favor of the department of Piura, at the north of Peru.
The legislator along with other 15 Peruvian congress members from different parties will promote, among the Iberian authorities, the investment opportunities for the High Piura Hydroenergetic and Irrigation Special Project, in the framework of bilateral relations between Peru and Spain.
"Spanish entrepreneurs will be interested in the several investment opportunities that Piura has such the High Piura Project as well as the Bayovar Phosphates Project and the tourism potential that it has," the congressman said.
Piura is located at the north of Peru, precisely at 1,000 Km from the Piura capital city of Lima. It is known as one of the richest regions of the country because of agriculture tourism metallic and agriculture, tourism, non metallic mining, fisheries and dry forest potentials.
Piura has many tourist attractions. One of the best known is Colan beach. Colan beach is a very long beach with warm waters. Local people like to go there during holidays.
The coast of Piura offers many diverse attractions. Máncora, located close to the Piura-Tumbes border, is a small cove with beautiful beaches much prized by surfers, fun loving youths, and entire families.
Toward the south lies Cabo Blanco, famous for the people cut from the same cloth as Ernest Hemmingway, attracted by ocean fishing for marlin, swordfish, and grouper.
Today, it is the perfect place to surf since some of the best waves in Peru are found there. Colán is the main beach resort for the inhabitants of Piura, lovely for its typical wooden houses set upon pylons at the edge of the sea.
Publication: Andina - English Newswire
Provider: Andina
January 24, 2009
The legislator along with other 15 Peruvian congress members from different parties will promote, among the Iberian authorities, the investment opportunities for the High Piura Hydroenergetic and Irrigation Special Project, in the framework of bilateral relations between Peru and Spain.
"Spanish entrepreneurs will be interested in the several investment opportunities that Piura has such the High Piura Project as well as the Bayovar Phosphates Project and the tourism potential that it has," the congressman said.
Piura is located at the north of Peru, precisely at 1,000 Km from the Piura capital city of Lima. It is known as one of the richest regions of the country because of agriculture tourism metallic and agriculture, tourism, non metallic mining, fisheries and dry forest potentials.
Piura has many tourist attractions. One of the best known is Colan beach. Colan beach is a very long beach with warm waters. Local people like to go there during holidays.
The coast of Piura offers many diverse attractions. Máncora, located close to the Piura-Tumbes border, is a small cove with beautiful beaches much prized by surfers, fun loving youths, and entire families.
Toward the south lies Cabo Blanco, famous for the people cut from the same cloth as Ernest Hemmingway, attracted by ocean fishing for marlin, swordfish, and grouper.
Today, it is the perfect place to surf since some of the best waves in Peru are found there. Colán is the main beach resort for the inhabitants of Piura, lovely for its typical wooden houses set upon pylons at the edge of the sea.
Publication: Andina - English Newswire
Provider: Andina
January 24, 2009
1/18/09
Samcorp's Sinomaq selling Chinese tractors
As part of its diversification, Grupo Samcorp, made up of 15 firms linked in the main to the hostelry and entertainment sectors, has entered into the area of Chinese capital-goods sales via its firm Sinomaq.
It has announced the news that it has been made the official distributor of Chinese tractor brand YTO whilst Pedro Aguado, general director of the firm, says that Sinomaq will also sell YTO mining and construction-sector machinery, XTMG industrial machinery and HGVs in association with FAW. The firm has invested US$7mil in this new venture and hopes to post year-2009 revenues of US$20mil (a total it would look to double in 2010).
Publication: SABI - Business News
Provider: South American Business Information
January 18, 2009
It has announced the news that it has been made the official distributor of Chinese tractor brand YTO whilst Pedro Aguado, general director of the firm, says that Sinomaq will also sell YTO mining and construction-sector machinery, XTMG industrial machinery and HGVs in association with FAW. The firm has invested US$7mil in this new venture and hopes to post year-2009 revenues of US$20mil (a total it would look to double in 2010).
Publication: SABI - Business News
Provider: South American Business Information
January 18, 2009
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