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Kimberly Clark invests another $30mln - Standard & Poor's gives Peru positive forecast

Kimberly Clark invests $30 million to enlarge plant’s facilities

Personal care giant Kimberly Clark - Perú will invest 30 million dollars in the enlargement of its diaper plant in Lima, announced the company's general manager, Blanca Aquino. “We are currently working on the enlargement of the company’s second personal care manufacturing plant with the purchase of a new baby diaper machine”, she told Andina news agency. (ANDINA - click here to read complete article)


Peru is on the path to achieving investment grade status, says Standard and Poor’s

International rating agency Standard & Poor’s said today that Peru is the best positioned country in the region to achieve the investment grade rating after Standard & Poor’s has recently upgraded Brazil to investment grade. The associate director of Latin American Sovereign Ratings at Standard and Poor’s, Sebastián Briozzo, said that Peru has a positive prospect in the region, such as Brazil had before being upgraded with the investment grade. (ANDINA - click here to read complete press release)


China is part of Peru’s main non-traditional product markets list

China became this year part of the list of the Peruvian main non-traditional product markets in the ninth place, due to the demand of ready-cooked Pota, wood floors, and grapes, informed the minister of Foreign Trade and Tourism, Mercedes Aráoz. “China is interesting for the Peruvian non-traditional product exports because it is a gigantic market. In addition, with the Free Trade Agreement (FTA) negotiations, we intend the growth of the demand”, said the minister. (ANDINA - click here to read complete article)

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# UN says :
2 May, 2008 [ 19:06 ]

Hope Peru people don't get sucked into China s arrogence towards Human rights,Child Slave labour and China corupt Criminal and Drug Business adventure. The reason i say this is because,China has tried everything in the book to influence the World,that they are reliable,but we in world have uncovered their real intention of how they operate and what their true intention are structured around.

So be very careful,don't believe to much of what is said will be good for you,(no one will tell u the trues)eg look at peru s last president Fuji.
Learn from past mistake and build.

Take control of you destiny

Gracias

# Jon says :
3 May, 2008 [ 02:07 ]

UN,
Do you have any idea what you are talking about? Fuji was not the last president, nor was he Chinese, duh...
Go to China first and visit, then come back with an educated comment.

# UN says :
3 May, 2008 [ 06:08 ]

He was President of Peru in the 1990s to 2000



This comment was edited

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# Rich says :
3 May, 2008 [ 07:06 ]

UN,
Clean it up.  Comments filled with such profanity are obviously coming from someone who can't deliver an educated remark. 

# Jose says :
4 May, 2008 [ 22:13 ]

I can't believe Brazil got an investment grade from S&P before Peru. Well my friends don't put your whole trust in those rating agancies because they have made mistakes in the past, just look at the housing and credit mess here in the US.
Peru has to continue its path to growth and stability to be able to be in the world's spotlight. At the end, investors have the ultimate word. Take care

Jose from NJ

# Jose says :
4 May, 2008 [ 22:18 ]

By the way, After Alan Garcia's first government, Peru has walked towards free market policies and sustainable growth. Fujimori (president 1990-2000) might have made a political mess in his last year of government but he did do very good things in terms of macro and microeconomic policies. Toledo reinforce those policies and now Garcia is going full speed with them.

Jose
New Jersey, US

# Janice Amer says :
5 May, 2008 [ 15:40 ]

Peru business news.