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Daelim Invests US$50 mln in Brazilian Unit’s Synthetic Rubber Business

Daelim Invests US$50 mln in Brazilian Unit’s Synthetic Rubber Business

SEOUL, July 17 (Korea Bizwire) — Daelim Industrial Co., a major construction and petrochemical player in South Korea, said Friday that it will invest US$50 million in its synthetic rubber unit, Cariflex, to meet growing demand for rubber latex amid the coronavirus pandemic. The facility investment will double the annual production capacity of synthetic rubber [...]

CP Kelco Announces New Distribution Agreement with IMCD Brasil

CP Kelco Announces New Distribution Agreement with IMCD Brasil

ATLANTA, Dec. 3 (Korea Bizwire) – CP Kelco, a global leader of nature-based ingredient solutions, is announcing a new distribution agreement with IMCD Brasil to serve the Brazilian market in Latin America.  Effective January 1, 2020, IMCD Brasil will be the company’s strategic distributor in Brazil for CP Kelco’s pectin, gellan gum, carrageenan, xanthan gum and diutan gum for [...]

Avenir LNG Collaborates with Golar Power on Developing Small-scale LNG Distribution in Brazil

Avenir LNG Collaborates with Golar Power on Developing Small-scale LNG Distribution in Brazil

London, Nov. 19 (Korea Bizwire) — Avenir LNG Limited (“Avenir”) wishes to announce that it will collaborate with Golar Power Limited (“Golar Power”) in developing the small-scale LNG market in Brazil. Avenir’s second 7,500 cbm LNG Carrier will be used to deliver LNG to various ports across Brazil upon delivery. The vessel will also offer [...]

Sinch AB (publ): Sinch Expands to Brazil Through Acquisition of TWW

Sinch AB (publ): Sinch Expands to Brazil Through Acquisition of TWW

Stockholm, Sweden, Oct. 10 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire TWW do Brasil S.A. for an enterprise value of BRL 180.750 million. Using today’s SEK/BRL exchange rate of 2.43, this corresponds to SEK 439 million. Founded in [...]

Afya Limited Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Afya Limited Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

NOVA LIMA, Brazil, Jul. 23 (Korea Bizwire) — Afya Limited, or Afya (Nasdaq: AFYA) today announced the closing of its initial public offering of 15,805,841 Class A common shares at a public offering price of $19.00 per share. Afya issued and sold 13,888,887 shares of Class A common shares, which includes the full exercise of [...]

Behind the Wheel: A Christmas Cargo 2018

Behind the Wheel: A Christmas Cargo 2018

London, Dec. 21 (Korea Bizwire) - IVECO, a brand of CNH Industrial (NYSE: CNHI /MI: CNHI), kick-started the initiative at its annual Gincana do Caminhoneiro, a skills and driving competition for professional truck drivers, in Campo Largo, Paraná state where the participating drivers were invited to donate toys. They were joined by an IVECO customer in [...]