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Latin Beat: Natura Expands in Latin America
By: Cristina Kroll
Posted: December 10, 2007, from the December 2007 issue of GCI Magazine.
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The international event was part of the company’s strategy for new external markets. Currently, the company markets in Mexico, Brazil, Ecuador and Peru, and exports to the U.S., Chile, Uruguay, Bolivia, Paraguay and Europe.
Oxiteno Disembarks Stateside
Brazil’s Oxiteno opened a commercial office in the U.S. to “strengthen its position in the North American markets,” according to the company. This is the latest step in the international expansion of the corporation, which began in 2003 through the acquisition of Canamex—now Oxiteno Mexico.
The new office is located in New Jersey, and the head of operations is Neil Burns, who has an extensive background in global specialty chemicals. According to Oxiteno’s information, the company—which forms part of Ultrapar—has already experienced success in exportations to U.S. and Canada.
At the same time, Ultrapar Participações has acquired Venezuelan company Arch Química Andina, a subsidiary of the U.S.-based Arch Chemicals, Inc. The local operation consists of a business office and an industrial plant.
Cosmetics Market Growth
During the first quarter of 2007, in Argentina, local and international cosmetics sales grew 23%, over the same period in 2006. Companies exported $178 million, mainly to Brazil, the first destination with 41% of the sales, followed by Chile with 28%.
At the same time, imports accounted for $146 million. In addition, during September, about a hundred companies took part in Cosmesur Beautyworld Buenos Aires, an international exposition that includes companies from Mexico, Bolivia, Colombia and Chile.