Tag: investments

Sinovac to build a vaccine production plant in Bogota, Colombia

The Chinese biopharmaceutical company, Sinovac, will allocate US$100 million for the construction of a vaccine production plant, which is part of a ten-year project that will begin in 2023.

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Embassy of the People’s Republic of China in El Salvador announces construction of new stadium

Yamil Bukele, president of INDES, El Salvador’s National Sports Institute, reported on the progress of the construction of the new National Stadium, with funds from the PRC.

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“Demerara Harbour Bridge” in Guyana with China Railway Construction Corporation Limited

The Government of Guyana signed a contract to build a new crossing over the Demerara River, called the Demerara Harbour Bridge, for US$260 million. The project will be carried out by a Chinese joint venture.
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Jumbo Jet signs US$40M contract with Chinese company

China’s largest truck supplier, Sinotruk Inc. is to partner with Guyana’s largest importer of these vehicles and agricultural machinery, Jumbo Auto Sales.

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Justo & Bueno in Colombia will close stores after not receiving resources from Chinese firm to pay off debts

The discount and low-cost chain Justo & Bueno was awaiting a financial injection from the Chinese firm JF Capital. However, on the evening of May 10, the Justo & Bueno chain informed that it regretted that the new owners had not been able to meet the agreed deadlines.
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Fourteen Chinese companies to invest in Argentina

The President of Argentina, Alberto Fernandez visited China in February 2022, to meet with President Xi Jinping. The meeting led to a total of 14 Chinese companies signing contracts to invest in Argentina, outside of the Silk Road Agreement, and immediately deploying different economic development projects.

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Chinese firm JF Capital International has bought the Justo & Bueno chain

The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.
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China Mastery Colombia 2022

China Mastery Colombia 2022 is an import event that reaches the city of Bogota thanks to Valeria Bernardo to promote entrepreneurship through the business of imports from China and the United States.
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The Zijin Mining Company will invest 380 million to build a lithium plant in Argentina

Chinese mining company Zijin will invest US$380 million through its subsidiary Liex to build a lithium carbonate plant in the province of Catamarca (Argentina).
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China is the Asian country with the largest investment in Colombia

ProColombia recently highlighted that China was the Asian country with the highest investment in Colombia in 2021, a leadership position it has maintained since 2018.
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