Latin America logistics update

20.07.2007 By: Source: Adapted from Latin Trade

Profarma Distribuidora de Produtos Farmacêuticos, a Brazilian pharmaceutical distributor, bought for US$7 million a 3,500 square-meter distribution center in Rio Grande do Sul state, Brazil.

DHL, the global logistics and express delivery company, said it opened new services out of Harlingen, Texas, in a move to triple the movement of goods flowing between the city and Mexico. New services, including the ability to handle heavier freight, will target light manufacturers in the region.

ProLogis, a U.S. developer of distribution facilities, leased more than 73,000 square meters of distribution space to two logistics companies at a distribution park it is developing in Juarez, Mexico. Terms were not disclosed.

The Andean Development Corporation, a multilateral lending institution, approved US$75 million in financing for Bolivia. The money will help build the Potosí-Uyuni highway, on top of the $33.2 million invested in the project by the Bolivian government.

The Canadian International Development Agency, a Canadian development organization, will contribute US$16.5 million to a program managed by the Inter-American Development Bank designed to improve infrastructure in Haiti.

Companhia Brasileira de Offshore, a Brazilian shipping company, received US$79.3 million in financing from BNDES, Brazil's state-owned development bank. The money will help the company build three platform supply vessels at a shipyard in Rio de Janeiro state.

The Jacksonville Port Authority, said it plans to acquire two new Post-Panamax cranes to handle an expected increase in container traffic. Terms were not disclosed

Penske Logistics, of the United States, secured multi-year logistics contracts with BMW, a German automaker, to manage inbound supply-chain services from suppliers in Mexico and the United States to BMW's plant in Spartanburg, South Carolina. Terms were not disclosed.