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Pharmaceutical companies expand in Brazil, Argentina. (Project Wire).(Brief Article)(Statistical...

In September 2001, German generic drug manufacturer Hexal announced it was investing more than $44 million in a new pharmaceutical plant in Cambe, Brazil, in the southern state of Parana. The plant will open in mid-2003 and will employ 500 workers. Hexal started operating in Brazil in 1999, when it acquired Quimica Intercontinental Farmaceutica. Earlier in the yea

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  • Jialing plans factory in Brazil.
    • Jialing Group, based in China's Chongqing Municipality, plans to invest 40 million yuan ($4.97 million) to build a factory in Brazil capable of producing up to 100,000 units per year. Jialing has made no less than five inspection tours of the Brazil market, and another mission will go to Brazil ......
  • Brazil, Argentina Reach Deal On Auto Trade Pact.
    • After months of wrangling, South America's top two auto-producing nations agreed to local-content quotas that will come into effect Jan. 1, 2001, according to Brazilian and Argentine officials. The accord ends the most divisive among a series of trade troubles in Mercosur, the world's third-largest trade block, which includes Paraguay ......
  • FAST 40: Generic drug niche grows for Cypress Pharmaceutical
    • Cypress Pharmaceutical Inc., a specialty pharmaceutical company, based in Madison. After selling products for other pharmaceutical companies for years, Max Draughn took a leap of faith. With only one product to sell generic cough/cold relief medicine he established Cypress Pharmaceutical Inc., in Madison. Since that sultry July day in 1993, ......
  • Gemco builds batch plant in Brazil.
    • In the region where the Brazilian automotive manufacturing industry is traditionally located, CVL, a joint venture between Philips Lighting and Osram, is constructing a completely new lighting glass facility. The new plant will provide the South American market with glass components for lights with a planned production capacity of 1400 ......
  • Argentina, Brazil Ban Remanufactured Parts.
    • Argentina is a member of the Mercosur common market, that includes Brazil, Paraguay, and Uruguay. Mercosur has a common external tariff on most goods ranging from zero to 23 percent. USTR notes that Argentina and Brazil have barred the importation of remanufactured autoparts entirely. Brazil imposed local content and incentive-based ......
  • Intel Passes Over Brazil
    • Chip giant Intel has more or less ruled out building a new manufacturing facility in Brazil, due to high labor costs. While such costs in Brazil are lower than in rich countries, they are still higher than those in Asia, and mandated benefits and taxes often total 50 percent on ......
  • Case forms Latin American unit.
    • Case Corporation will invest about $100 million over the next three years to manufacture large-scale production agricultural equipment in Brazil for distribution to the Latin American market. Brazil and Argentina comprise almost half of Latin America's agricultural equipment sales, with retail sales of high horsepower tractors increasing 87 percent during ......

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  • HOW NOT TO SHOW (EVEN INNOCENT) HOSTILITY WHEN FACING AN ARMED GUARD
    • It always fascinates me how different gestures mean different things in different countries. Here are a few to be aware of: Next time you are in Brazil consider not using the thumb-touching-the-forefinger gesture. In New York it means "OK" however in Brazil it refers to an intimate part of the ......
  • On Vacations and Strained Partnerships
    • I was reading an e-commerce merchant forum yesterday (forum was private so I won't post a link here). There was a post by a woman in Brazil who was frustrated with her partner in the United States. It seems this business is still a new site and the US partner ......
  • How Small Business Owners Feel About Doing Business
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    • The full IOM press release and the response issued by CMS Administrator McLelland are posted here: Medication errors are among the most common medical errors, harming at least 1.5 million people every year, says a new report issued today from the Institute of Medicine of the National Academies. The ......
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