Peru: Owens-Illinois, Spanish hotel company & Bolivian jewelers invest in Peru

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Owens-Illinois opens its second plant in Peru

U.S. packaging company Owens-Illinois Inc (OI.N: Quote, Profile, Research) opened its second plant in Peru on Wednesday, becoming the second big U.S. company to expand here since Peru signed a free-trade deal with the United States in December. Owens-Illinois spent $40 million on the glass container factory and plans to spend an additional $30 million in the next 12 months, Albert Stroucken, chief executive of the company, said. "The demand for glass containers in Peru has grown by leaps and bounds and we need to attend to it," Stroucken said at the plant opening in the outskirts of Peru’s capital, Lima. In February, Kimberly-Clark Corp (KMB.N: Quote, Profile, Research), the U.S. maker of Huggies diapers and Kleenex tissue, said it would invest $60 million in Peru to ramp up production. (Reuters – click here to read complete article)

Two Bolivian jewellery companies to establish in Peru due to US-FTA

The two biggest Bolivian jewellery companies, Exportadores Bolivianos (Bolivian Exporters) – Exbol and Orbol are getting ready to open offices in Juliaca, Puno, and in Lima, the minister of Production Rafael Rey said today. He recalled that when he traveled to Santa Cruz, Bolivia, in August 2007, he held meetings with several employers and the National Chamber of Exporters, explaining the advantages of investing in Peru to them. In Peru, they would find legal security, fair treatment and possibilities of sustained growth, besides having the benefits from the Free Trade Agreement (FTA) with the United States. Exportadores Bolivianos (Exbol) and Orbol are the biggest manufacturers of gold and silver jewelry in Bolivia, and they are also the first Bolivian companies to move to Puno. Both companies employ more than 5,000 workers in Bolivia. (ANDINA – click here to see article)

Switzerland, third destination of Peruvian exports

In January 2008, Peruvian exports to Switzerland reported a 42 percent increase compared with last year, becoming the third destination of Peruvian exports, Peru’s Exporters Association (Adex) said today. Exports to Switzerland were driven by mining products which made up 99.3 percent of total exports totaling 218 million 632 thousand dollars. “Switzerland is an example of how prices influence the growth of exports, despite the fact that the Peruvian mining industry has production problems and faces loses due to the dollar slump”, Adex noted. In 2004, exports to Switzerland declined and reached 282 million 47,000 dollars because gold exports were mostly taken to the United States. In 2005, exports to this country started to recover due to bigger gold and silver exports and higher international prices. (ANDINA – click here to see article)

Weavers from Arequipa, Peru successfully export chullos to Europe

Several women from Arequipa received weaving training for three months from experts hired by Sierra Exportadora, a government program which aims to help people from Peru’s highlands. The project seeks to improve the women’s economic income by doing what they do best as they boost their self-esteem. 50 women from the district of Callalli in Arequipa are qualified to do their job with high quality standards. They have exported their products to Austria twice in less than three months. They are currently working on the export of 1,600 chullos, known as “Inca Model” in Austria, and 600 hats known as “Peru Model”. The women from the textile factory in Callalli work from 08:30 am to 06:00 pm, with a one and a half hour lunch break. The deadline for the export order is near. The hats and chullos must be in Austria by June. The chullos – Andean handmade hats by Peruvian artisans – are exported to 25 countries. (ANDINA – click here to see article)

Spanish companies to transform old mansion in Lima downtown into four-star hotel

Spanish companies Barcelona Investment and Gesproin are interested in purchasing an old mansion located in downtown Lima to turn it into a four-star hotel, said the general manager of the Peru Hotel Society (SHP). This old mansion, which is known as Hospicio Ruiz Davila, is owned by the Charity Association of Lima and is located just in front of the “Trece Monedas” (thirteen coins) mansion. She explained that both companies are purchasing several properties in the Dominican Republic, Cuba, Colombia and now they are interested in Peru. These companies expect to purchase one piece of property per country since their idea is to create a regional hotel chain. SHP also stated that they might have an investment project for the mansion since it has a perfect geographic location and architectural beauty. The rooms in the mansion are very simple and cozy. The mansion has belonged to the Public Charity Association of Lima since 1880. (ANDINA – click here to see article)

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