Ironworks industries in Brazil hope to reach sales revenues of US$ 6.7 billion with foreign sales in the year of 2005. The volume exported should rise 5% when compared to last year and should reach 12.6 million tonnes. The revenue increase is due to the growth of sales of finished products.
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The cosmetics industry should total revenues of US$ 400 million in foreign sales up to the end of the year. The sector has been expanding its clients outside the country, although South America is still the main destination. New markets, like the Arab, entered the list of countries that import sector products in recent years.
Agência Brasil Brasília – President Luiz Inácio Lula da Silva declared yesterday that by paying off its US$15.5 billion debt with the International Monetary Fund, Brazil was demonstrating its independence. Lula said the country was able to make the payment because its reserves have now risen to over US$ 60 billion. According to president Lula,
According to the Brazilian National Petroleum Agency (ANP), studies show that the discoveries are among the most important in Brazil in the last 20 years. The study, that cost US$ 5 million, shows the existence of oil in shallow and deep water. The new areas may be tendered in 2006.
Through its subsidiary in Portugal, Brazilian construction company Andrade Gutierrez joined forces with Portuguese companies to compete for the construction of a 1,200-kilometre highway to cut the Arab country from East to West. The group is going to compete for two of three lots that are to be tendered, each evaluated at approximately 2 billion euros.
The financing collected by companies from the southern Brazilian state of Paraná at the Brazilian Development Bank (BNDES) totalled approximately US$ 315 million (at current exchange rates) between January and October. The value represents an increase of 25% over the same months last year. Industries are investing in the modernization of their factories.
Agência Brasil* Fortaleza – The company Ceara Steel, the first steel producing factory in the Northeast of Brazil, should start its operations in 2009. With an investment worth a total of US$ 754 million, the factory will produce 1.5 million tonnes in steel plates for exports. The president at Dongkuk, major partner in the factory,
Agência Brasil São Paulo – Since 1985 France has been spotlighting certain countries and giving them year-long exposure. This year was Brazil Year in France. As the event comes to an end it is clear that it was successful from various angles. Some 15 million people attended a total of 436 official cultural events in
