AGP Executive Report
Last update: 8 hours agoMeat Exports: JBS’s Brazil unit saw adjusted earnings drop 54% in the third quarter as China’s beef quotas squeezed shipments, outweighing a recovery in the US business. Corporate Stress: Brazil’s court-supervised restructuring cases hit a record 8,478 by September, with high borrowing costs weighing on manufacturers and agribusinesses. Transport: Iveco is showcasing its vehicle and services lineup at Fenatran in São Paulo, including regional launches of Daily 4x4 and CNG models. Industrial Investment: Cummins plans to invest R$600 million in its Guarulhos plant, while BASF has opened an innovation center in São Paulo’s ABC region. Mining: Cadence Minerals’ Brazilian subsidiary received an operating licence for its Amapá iron-ore plant and is targeting a first shipment of about 45,000 tonnes by year-end. Ports: Santos Brasil plans R$3.5 billion in investment to expand port operations.
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