2/21/09

ExpoPerú in Japan to promote investment in the country, says Peru Foreign minister

Chancellor Jose Antonio García Belaunde declaring to the press. Photo: ANDINA/Alberto Orbegoso. Lima, Feb. 20 (ANDINA).- ExpoPerú 2009 event, to be held from February 23 to 27 in the city of Tokyo, Japan, will be a great meeting of Peruvian and Japanese businessmen that will allow promoting investments in the country, Peru's Foreign minister José A. García Belaúnde said today.

"The huge Peruvian exhibition held in Japan aims to gather several businessmen from both countries, and promote Peru and its gastronomy. It is a kind of official visit, but stressing on the country's promotion", said the Foreign Minister.

ExpoPerú 2009 event is organized by Peru's Export and Tourism Promotion Board (PromPeru), the Ministry of Foreign Affairs, Peru's Promotion Agency of Private Investment (ProInversión) the Peruvian-Japanese Business Council (Cepeja), and the Japan External Trade Organization (Jetro).

Regarding the recently announced resignation of Ambassador Extraordinary and Plenipotentiary to China, Jesús Jay Wu Luy, the minister said Peruvian government has not appointed the new ambassador to this country yet.

Publication: Andina - English Newswire
Provider: Andina
February 21, 2009

2/8/09

Taboada wastewater treatment plant concession attracts three offers

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

2/7/09

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

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

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

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

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