Brazil, officially known as the Federal Republic of Brazil, stands as a powerhouse in Latin America with a population exceeding 200 million, placing it among the most populous nations globally. This demographic strength, coupled with its robust economy, has made...
Latin America
Brazil Sets Export Records, Finds Increasing Dependence on China and Key Commodities Trio
In a remarkable turn of events, Brazil has achieved record-breaking export numbers, but the nation finds itself increasingly reliant on China and a trio of essential commodities. This economic phenomenon not only highlights Brazil's growing export prowess but also...
Foton, the Chinese truck manufacturer, to establish EV manufacturing plant in Mexico
Expanding Production Capabilities Chinese automaker Foton has revealed plans to construct a second manufacturing facility in Mexico, enabling the company to produce electric vehicles (EVs) within the country. With a specialization in heavy-duty EV production,...
Brazil Achieves Significant Reduction in Fossil Fuel Use for Electricity Generation
Brazil has made substantial progress in reducing its reliance on fossil fuels for electricity generation, reaching the lowest level in over a decade in February. This remarkable achievement is attributed to the significant increase in the use of wind and solar power....
APM Terminals to Invest €962 Million in Brazilian Terminals by 2026
APM Terminals, a prominent global port operator, has recently announced its commitment to invest €962 million in Brazilian terminals by 2026. This substantial investment aims to bolster the infrastructure and operational capabilities of the terminals, fostering...
Brazil company, Klabin KLBN4 sees significant rise in net profit in 2022: a look into the company’s financial performance
Klabin KLBN4, a leading paper and packaging company based in Brazil, has reported a substantial increase in its net profit in the year 2022. The company's net profit stood at a staggering R$469 billion, marking a rise of 553% compared to the previous year. We delve...
Harris Administration Allocates $1 Billion for Central America
Recently, Vice President Kamala Harris of the United States announced an allocation of $1 billion for investment in Central America. The investment will be used to address the root causes of migration from the region to the US, and support its development. Investment...
Brazil – David Velez, Owner of Nubank, Relocates to Uruguay: Find Out the Reason
David Velez, the owner of one of the largest fintech companies in Brazil, Nubank, has recently announced that he will be relocating to Uruguay. This news has sparked curiosity among the public, with many wondering what led Velez to make this decision. David Velez and...
The Muffato Group has made a strategic move by purchasing 16 stores and 11 fuel stations from the Makro Group.
This acquisition is a step forward in the Muffato Group's plan to expand their reach in the Southeast region of Brazil. The Brazilian Muffato Group, a well-known retail company, has recently announced the acquisition of 16 stores and 11 fuel stations from the Makro...
Entering the Latin American region with your Damalion experts
Latin America is a vibrant region with unmeasurable resources that offer vast opportunities for local and international entrepreneurs and investors. Latin America is a huge region made up of numerous different countries, and as a whole, the region is certainly...