$120 million in biofuel investments, 400 U.S. companies in Peru

Foreign companies to invest over US$ 120 million in biofuel production this year

Three companies of Spain, two of United States and one of Germany would invest in Peru for more than 120 million dollars in the biofuel production this year, reported the president of Sierra Exportadora, Gastón Benza Pflucker. According to Benza Pflucker, these companies were able to sow, produce and supply the national demand with biofuel products since February, but they had the difficulty to conclude arrangements for renting or buying lands in Peru. (ANDINA – click here to read complete article)

43 large companies to be opened in three months, says President Garcia

Peruvian president Alan García announced that 43 large companies will be opened in Peru in the next three months, generating more jobs and better working conditions. During the ceremony to open a Kimberly Clark plant in Puente Piedra, Garcia stressed that this company meets all international labor standards. (ANDINA – click here to read complete article)

Jobs in Peruvian export industry to boost 10 % this year

Jobs in the Peruvian export industry will increase between seven and ten percent this year due to the exports growth to different foreign markets, the president of Peruvian Exporters’ Association (Adex) José Luis Silva stated today. Silva pointed out that this growth would be mainly impelled by the agro industrial sector which leads non-traditional exports. (ANDINA – click here to read complete article)

Peruvian cooper production to rise 15% this year

It is estimated that Peru would increase its copper production by 15 % in 2008 due to an increased production capacity of Peru-based mining companies, said the president of the National Society of Mining, Petroleum, and Energy (SNMPE), Ysaac Cruz, “Copper producing companies are increasing their production volume, mainly the Mining Society Cerro Verde”, he said. (ANDINA – click here to read complete article)

More than 400 US companies are represented in Peru

More than 400 US companies are represented in Peru and the relationship between the two countries continues growing and strengthening because they share the same principles of democracy, economic freedom and entrepreneurship, the US ambassador to Peru Michael Mckinley said today. About 16,000 American citizens live in Peru and about 200 thousand visit the country yearly to do businesses, tourism or to study. (ANDINA – click here to read complete article)