Tag Archives: Brazil

Investors turning to Latin America

World Cup, Olympics make Brazil attractive

The private sector is being urged to tap more trade and investment opportunities in Latin America, particularly Brazil, host of the 2014 World Cup and the 2016 Olympics.

“Latin America is one of the great potential new markets for Thailand, given its vast population and resources as well as high purchasing power,” said Somkiat Anuras, vice-chairman of the Thai Chamber of Commerce (TCC).

He was part of a trade mission to Brazil and Panama from July 20-29 that was led by Thailand Trade Representative Vachara Panchet.

“But most Thai exporters remain reluctant to tap into the region,” said Mr Somkiat.

He said a TCC survey found export potential to Latin America especially good for furniture, food, plastics, spa products, herbs, auto parts and construction materials.

The chamber recently revised up its projection for Thai exports to Latin America to US$7.5 billion this year and at least $15 billion annually five years from now.

An earlier forecast called for only $5 billion this year and $10 billion by 2015.

Mr Somkiat said that Brazil, Latin America’s biggest economy and the world’s eighth largest, offered particularly good potential for Thai investors and exporters.

“The world is now eager to trade with Brazil due to its high and rising purchasing power and huge population of 192 million,” he said.

“More importantly, Brazil will host the next World Cup in 2014 and the Olympics in 2016, which will provide opportunities for Thai contractors and souvenir producers.”

As the host of the world’s two biggest sporting events, Brazil will have to embark upon more construction for basic infrastructure, buildings, offices and residences as well as sports arenas, hospitals, hotels and shopping complexes, said Mr Somkiat. In this regard, he suggests Thai investors try to forge joint ventures with Brazilian investors.

Thai exports to Brazil were valued at US$1.22 billion (38.9 billion) last year, mainly automobiles and parts, rubber and machinery. However, Thailand suffered a deficit of $880 million with that country due to imports totalling $2.1 billion, mainly plants and related products, steel and steel products, other metals and jewellery.

Visit Limprana, chairman of the Federation of Thai Industries’ Food Industry Club, said Panama also offered a great potential for Thai investments, particularly in the food industry.

“Thailand could use the 77-kilometre Panama Canal … to distribute Thai goods to the rest of Latin America and the United States, thanks to the canal’s location as a perfect spot to serve as a food distribution centre,” he said.

The FTI recently signed a memorandum of understanding with Supermarket 99, the biggest supermarket in Panama, to promote fruits, foods and other products from Thailand. At least one food distribution centre will be set up in Panama.

Last year, Thai food exports to Panama were valued at 173 million baht, up from 124 million baht in 2008.

Thailand’s overall exports to that country totalled 6.33 billion baht last year, up from 5.61 billion baht in 2008. The main products were autos and parts, television sets and components.

Imports from Panama were valued at 512 million baht last year, up from 108 million baht in 2008, mainly steel and steel products.

The Thai Chamber of Commerce, the Thailand Trade Representative Office and the embassies of Argentina, Brazil, Chile, Mexico, Peru, Panama and Cuba will jointly host the Latin Business Forum 2010 in Bangkok on Nov 18 in a bid to promote trade and investment between Thailand and the region.

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Capgemini Brazil Acquires Sonda Procwork Business Process Outsourcing Facility

New Facility supports Capgemini’s Latin America expansion strategy and Finance &
Accounting needs of global clients
SAO PAULO–(Business Wire)–
Capgemini, one of the world`s foremost providers of consulting, technology and
outsourcing services, and Sonda Procwork, the Brazilian unit of Chilean IT
systems integrator Sonda , today announced that Capgemini Brazil has acquired
Sonda Procwork`s facility in Gaspar, in the state of Santa Catarina, Brazil and
will now deliver BPO services to global clients in the region who were
previously serviced by Sonda Procwork.

The acquisition of this facility is in line with Capgemini`s Latin America
expansion strategy, and also supports client needs in support of global finance
operations by providing a full-range of finance and accounting (F&A) services
from global delivery centers. More than 200 employees will transfer to Capgemini
and will continue to support the F&A and Human Resources Outsourcing (HRO) needs
of Capgemini clients globally and in the Latin America region.

“With the acquisition of this new Brazilian center as well as the establishment
of our other Latin American centers, Capgemini continues to expand our global
delivery capabilities, with the potential for more than 2,000 seats in the
region,” said David Poole, vice president and head of Americas Business Process
Outsourcing, Capgemini. “We`re leveraging Capgemini`s unique approach, which
utilizes business insight methods and solutions, combined with our deep
knowledge of the F&A market, to service our clients, including several
multinational businesses, allowing us to drive efficiencies and yield
significant cost savings for our clients` businesses.”

This Brazilian center was opened in 2007 in Gaspar, aiming to provide technology
solutions to Sonda Procwork`s customers located in the region. The operation
started with the deployment of SAP ERP, Information Technology Outsourcing (ITO)
and BPO services to a large company in the area.

“We have made a strategic decision to transfer BPO operations and the facility
to Capgemini as of January 2010, using initially the same structure, same team
and current work methods, which will cause minimal impact to our clients and to
the people involved,” said Carlos Henrique Testolini, president, Sonda Procwork.
“The activities related to SAP and ITO services currently performed in the
center will be transferred to other units of Sonda Procwork in Sao Paulo,
Alphaville and Campinas, ensuring continuity and quality of services provided to
our clients.”

About Sonda Procwork

Sonda Procwork, a company of the Sonda Chilean group, started to operate in
Brazil as a new brand of the company after the merger with Procwork Group in
June 2007. The union of these companies represents, within the country, a world
with more than 6 thousand employees and 800 active clients in 31 offices located
all over the Brazilian states.

Operating for 20 years in Brazil, Sonda Procwork holds one of the largest ranges
of offers in IT solutions such as Full IT Outsourcing, BPO (Business Process
Outsourcing) CSC (Shared Services Center), licensing and implementation of SAP,
automation software applications for taxes, foreign trade and management of
legal cases, software factory, Data Center and Device Utility, network security,
NOC (Network Operation Center), Service Desk e Field Services. The company has
certified CMM level 2 in its software factory units and ISO 9001 in the field of
both meeting and supporting SAP customers, and also in the software factory, in
addition to several awards and certificates of services quality achieved in
recent years.

Sonda is the largest Latin American company regarding IT services with business
in Argentina, Brazil, Chile, Colombia, Ecuador, Costa Rica, Mexico, Peru and
Uruguay. From the new structure with the Sonda Procwork, the company has more
than 12 thousand employees,62 offices, more than 2.4 thousand active clients and
is considered the fourth largest IT Company in Latin America, only competing
with global companies, according to IDC (Interactive Data Corporation). Sonda
trades its shares on the Stock Exchange of Santiago (Chile) and holds a stock of
over US$ 1 billion.

More information is available at http://www.sondaprocwork.com.br or http://www.sonda.com.

About Capgemini

Capgemini, one of the world’s foremost providers of consulting, technology and
outsourcing services, enables its clients to transform and perform through
technologies. Capgemini provides its clients with insights and capabilities that
boost their freedom to achieve superior results through a unique way of working,
the Collaborative Business ExperienceTM. The Group relies on its global delivery
model called Rightshore®, which aims to get the right balance of the best talent
from multiple locations, working as one team to create and deliver the optimum
solution for clients. Present in more than 30 countries, Capgemini reported 2009
global revenues of EUR 8.4 billion (approximately USD $11.6 billion) and employs
95,000 people worldwide.

More information is available at http://www.us.capgemini.com.

Rightshore® is a trademark belonging to Capgemini

Capgemini`s expertise is recognized in Business Process Outsourcing (BPO) with a
solution portfolio that spans Finance & Accounting, Customer Care &
Intelligence, Procurement, Assurance Management Human Resources and Knowledge
Process Outsourcing services. As part of Capgemini`s Rightshore delivery
network, BPO professionals provide services to clients worldwide 24 hours a day,
seven days a week, in 36 languages, from centers located in Australia, Brazil,
Canada, Chile, China, Guatemala, India, Poland, and the United States.

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Give us the Chance – South American Investment Property


Egypt sees trade with South America tripling

Aug 3 (Reuters) – Egypt could triple its trade balance with South American trade bloc Mercosur over the next few years, as it pushes to secure food supplies, the North African nation’s trade minister said on Tuesday.

Egypt and Mercosur signed a free trade agreement in Argentina on Monday.

The trade balance between Egypt and Mercosur, which groups agricultural exporters Argentina, Brazil, Uruguay and Paraguay is currently $2.5 billion, Rachid Mohamed Rachid said in an interview in Buenos Aires

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Give us the Chance – South American Investment Property


Invest in Uruguay

Why Investment in Uruguay Provides an Excellent Opportunity for Overseas Investing

Uruguay, according to the words of its president, “is a reliable country” that “respects contracts and investments.”

Since the government accepted the program of tax austerity imposed by the IMF in the 1990s, the economic results have been good, reaching an index of annual growth of approximately 5%, which has inspired more and more foreigners to invest in Uruguay.

The country is a member of MERCOSUR as well as the Latin-American Association of Integration (ALADI) and the American Bank of Development. Its main commercial associates are Spain, Argentina, Brazil, Germany, and the U.S.

Invest in Uruguay for its Reliability

With a stable economy and a strong commitment toward outside investment, Uruguay offers a great deal of reliability.

The monetary currency is the Uruguayan peso. After the large Argentinean devaluation in 2002, Uruguay had a gradual devaluation of its currency. Although the U.S. dollar weakened with respect to the Uruguayan peso in 2005, you will find the general cost of living to be about 30% to 40% cheaper than that in the U.S.

You should also be aware that, since the 1970s, the successive governments have applied open politics along with liberalization of the financial system. This has resulted in specific measures that have modified the physiognomy of the banking and financial systems over a short period of time.

The absence of controls on currency exchange operations, the absolute liberty for capital movement (entrance and exit), confidentiality with respect to banking, as well as the implementation of fixed interest rates are the main characteristics of the Uruguayan financial sector.

Uruguay has been granted the qualification of “investment grade,” as dispensed by recognized companies, such as the British IBCA and the American Duff & Phelps. This demarcation indicates that Uruguay is considered a country free of risk for investment. It ranks as one of the top three countries in Latin America for its ability to pay its external debt

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