South American Real Estate News
/ Month / April

Fiat invests usd 100 million in agriculture machinery for Argentina

The Italian automaker Fiat will invest 100 million U.S. dollars in Argentina to produce agriculture machinery, the Argentine Industry Ministry and Fiat said on Tuesday. Through its local subsidiary Case New Holland (CNH) Fiat will start the local production and assembly of a small tractor, large capacity harvesters and the Fiat Powertrain Technologies (FPT) engines needed for these agricultural machinery. “Eighty percent of the investment will be used to produce tractors and harvesters, which at the beginning…

The largest US farm co-operative expands investments in South America

CHS, the largest US farm co-operative, is looking to expand investments in South America to boost its presence as a grain buyer and exporter in the booming soya sector. According to Carl Casale, chief executive of CHS, the company is “looking at our Brazilian footprint right now in the deep interior in Cerrado or Mato Grosso to see what we need to build out from an origination standpoint there to be able to complement our position in southern Brazil and Argentina. CHS is a major food exporter, a supplier…

Middle-class growing strongly in Latin America

Latin America’s Middle-class increased by 56 million since 1999 with a direct consequence on consumption patterns and demand for government policies, according to a report in the latest edition of the United Nations Economic Commission for Latin American and the Caribbean, ECLAC Review. “This represents a formidable increase of the consumers’ market”, according to the ECLAC newsletter featuring expert analysis on issues such as changes observed in the middle classes in recent years, and the “China…