TLA Times | September 24, 2019
REGION
Canada’s Bombardier expects growth in Latin America
AIN online reports that Canada-based Bombardier is preparing to expand in Latin America. The airplane maker believes its new Learjet 75 and Global models will be big hits in Latin America in large part because of their greater range. Latin America is the third-largest regional maker for business jets, and Bombardier believes the improving economies in the countries offer great opportunity. To take advantage of the opportunity, Bombardier invested $100 million on a new service center at Miami-Opa Locka Executive Airport. Details
COLOMBIA
Colombian company exporting medical cannabis to U.K., Canada
Colombian exports of marijuana are nothing new. The country was a major supplier of the illegal drug back in the 1960 and ‘70s. Clever Leaves, which has been growing medical marijuana since Colombia legalized it in 2016, has started shipping cannabis-based products to Canada and the United Kingdom, where such products are now legal. Rodrigo Arcila, who heads a marijuana trade association, says Colombia has cost advantages in growing and packaging marijuana products. Details
BRAZIL
Spanish canning company expanding its footprint in Brazil
Jealsa Rianxeira, a large canning company based in Spain, is investing $21.2 million to open two more factories in Brazil, Under Current News reports. The plants, located in the state of Ceara, will can sardines and tuna primarily for Spain’s largest grocer, Mercadona. Jealsa operates a plant in Rio de Janeiro under the Crusoe Foods brand. The company said it intends to duplicate the business model it used there. Details
MEXICO
Trade dispute over tomatoes settled at the 11th hour
The United States and Mexico settled a dispute over tomatoes coming from Mexico, The Washington Post reports. The impasse threatened to create shortages or substantially higher prices for consumers. U.S. growers claimed Mexican producers were engaging in dumping cheap tomatoes on the American market. Mexican tomatoes account for about half the U.S. market. Details
Natural gas pipeline from Texas begins operation in Mexico
A $2.6 billion pipeline that begins in the Gulf Of Mexico near Brownsville has begun sending natural gas to Mexico, the Houston Chronicle reports. Sur de Texas-Tuxpan Pipeline travels 480 miles underwater supplying powers plants in Altamira, Tamaulipas, Tuxpan and Veracruz and tying into other pipelines to move products inland. “The operation of the Sur de Texas-Tuxpan Pipeline opens the door for greater investment in Port of Tuxpan because it guarantees a constant supply of gas that companies need for their operations,” Tuxpan’s economic development director,” Juan Pablo Alcantar, tells the newspaper. Details
FUN IN THE SUN
Beto Carrero World — the Disney of South America
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