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Walter Torre Jr., WTorre CEO, is one of the top developers in Brazil, having to his credit landmarks in São Paulo like the JK shopping center and towers as well as the award winning Allianz Park Arena, made a presentation at the SECOVI Real Estate Association on Monday 3rd.
With over US$ 60 million worth of developments in course, Torre expressed his determination to keep pushing for success despite the adverse economic circumstances and local regulations in need of reforms. He is adamant that those who get demotivated during crisis will regret it when the market in time recovers.
Walter Torre, a man of proven vision, concludes that the country is in need to catch up with its delay in infrastructure and therefore focuses on like projects for the future, such as new ocean ports in São Luiz, North Eastern Brazil, as well as an offshore one in Santos. Rejecting pessimistic views, he mentions the insufficient number of logistics facilities, thus keeping investing in warehouses, let alone an all-new sports arena in an unprecedented complex for tourist attractions in the city of São Paulo.
In the press today, BRF Brazil Foods, holding company of some of the most traditional well known brands of Brazilian food is focusing on the consolidation of its global business, particularly through the opening of a factory in Abu Dhabi, UAE, last November. The unit represents an investment of US$ 160 million and has an annual capacity of 70,000 tons of products. BRF's intention is to expand and consolidate its market share under the Sadia brand.
BRF has a vast range of products, including beef, hog and poultry meat. It has elected the Middle East, South America, Southeast Asia, Europe and Brazil as priority targeted markets. The group's movements confirm the trend for mounting internationalization on the part of Brazilian industry.
In an interview published in today’s O Estado de São Paulo newspaper, economist José Alexandre Scheinkman portrays the current “delicate” situation in Brazil, stressing on the excessive recent euphoria “in and about” Brazil and particularly on the need to take the opportunity to promote structural reforms and not lose long term ambitions. Scheinkman, a Columbia and Princeton professor living in the US, gives a fair account of a context benefitting the daring and the determined against the hesitants.
