· Web view1,747 145 720.10 60.00 Textiles 11 2,373 215 178.10 16.20 Plastics 9 4,098 455 3,124.60 347.20 Hotels & Tourism 6 2,010 335 400.90 66.80 Communications 4 203 50 1,070.50

INVERSIÓN DE COLOMBIA EN EL EXTERIOR 2015January 2003 to March 2015


Contents

Introduction 1

Executive Summary 2

Key Trends 3

Companies 5

Industry Analysis: Sectors 7

Industry Analysis: Clusters 8

Industry Analysis: Business Activity 9

Source Cities 10

Destination Countries 11

Destination Cities 12

Project Profiles 13

Introduction

The report examines foreign direct investment (FDI) trends by all companies from Colombia investing between January 2003 and March 2015.

The report includes estimated values on capital investment and the number of jobs created in cases where information was not available at project announcement.

Inter-state projects are excluded from this report.

Headline figuresNo of FDI projects 127Total jobs created 19,651Average project size (jobs) 154Total capital investment USD 8,298.61 mAverage project size USD 65.30 m

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Executive Summary

FDI projects peaked in 2013Some 19 projects, or 15% of projects, were recorded in 2013. This was the year in which the highest numbers of projects were recorded. During this period a total of 3,364 jobs were created and USD 1.07 billion capital was invested by these projects, equating to a 17.1% and 12.9% of total jobs and capital investment respectively.

Key investors account for one quarter of projects.The top 10% of investors have created a total of 32 projects, 25% of the total projects. These investors have created a combined total of 3,994 jobs, which equates to one-fifth of the overall total. The combined capital investment from these companies reached USD 1.40 billion, equating to one-sixth of the total for all companies.

Food & Tobacco is top sector with one-sixth of projects.Out of a total of 17 sectors, Food & Tobacco accounted for 15.7% of projects. Project volume in this sector peaked during 2004, with six projects tracked. Total jobs creation and capital investment in this sector was 3,557 jobs and USD 545.10 million respectively.

Largest projects originate in CotaWith an average project size of USD 1.00 billion, projects originating in Cota are approximately 15.3 times larger than the average across all source cities. Ranked fourth in overall projects recorded with 3 in total, Cota created a total of 3,067 jobs and USD 3.01 billion capital investment.

Top five destinations attract the majority of projects.Out of a total of 19 destination countries, the top five account for the majority of projects. United States is the top destination country accounting for almost one-quarter of projects tracked. Total investment into United States resulted in the creation of 3,169 jobs and USD 736.50 million capital investment, equating to an average of 105 jobs and USD 24.60 million investment per project.

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Key FDI Trends

Between January 2003 and March 2015 a total of 127 FDI projects were recorded. These projects represent a total capital investment of USD 8.30 billion, which is an average investment of USD 65.30 million per project. During the period, a total of 19,651 jobs were created.

The largest number of projects was announced in 2013, with 19 projects that year. Average project size peaked in 2010 for both capital investment and jobs created.

Headline FDI trends by year

Year Number of projects

% growth per annum

Jobs created Capital investment

Total Average Total (USD m)

Average (USD m)

2015 1 n/a 74 74 5.00 5.002014 16 n/a 1,601 100 392.20 24.502013 19 58.3 3,364 177 1,073.40 56.502012 12 n/a 1,095 91 811.80 67.602011 16 23.1 1,624 101 814.80 50.902010 13 116.7 6,620 509 3,383.80 260.302009 6 n/a 1,451 241 109.20 18.202008 13 30 1,668 128 599.90 46.102007 10 400 389 38 384.80 38.502006 2 n/a 111 55 58.00 29.002004 14 180 1,234 88 376.60 26.902003 5 n/a 420 84 289.10 57.80Total 127 n/a 19,651 154 8,298.60 65.30

Source: fDi Intelligence from The Financial Times Ltd

When allocated into bands, projects creating 100 jobs or more represent more than two-fifths of projects, while projects creating between 25 and 49 jobs represent more than one-fifth of projects.

Number of FDI projects by jobs created and year

200320042006200720082009201020112012201320142015

12

15

23

13

23

12

22

52

64

3

1

21

1

23

1

26

11

63

68

311

6

4

2

2

21

1

9 or less 10 to 24 25 to 49 50 to 74 75 to 99 100 or moreSource: fDi Intelligence from The Financial Times Ltd

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In terms of project type, 92.1% of projects are new investments. New projects have an average capital investment of USD 69.10 million and job creation of 144 per project.

The average capital investment for expansion is USD 21.70 million and the average number of jobs created in this project type is 271.

Number of projects by type

117

10 NewExpansion


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Companies

A total of 63 companies from Colombia invested between January 2003 and March 2015, out of a total 51,352 companies investing in FDI globally.

Number of companies by year and percentage of all companies

2003 2004 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

4 52

9 85

8

12

8

12 12

10.0% 0.0% 0.0%

0.1%

0.0% 0.0% 0.0%

0.1%

0.0%

0.1% 0.1%

0.0%

No of Companies % of CompaniesSource: fDi Intelligence from The Financial Times Ltd

The top 10 companies accounted for a combined total of 48 projects (37.8% of projects). Within the past 12 months, Ecopetrol was the only company, with one projects, among the top 10 to have announced projects.

Top 10 companies: number of projects

Company name Source country No of projects

Global projects*

% of global

projects**

Projects in last 12

mths

Juan Valedz Colombia 6 6 100 0Sociedades Bolivar Colombia 6 6 100 0Decameron Hotels and Resorts Colombia 6 6 100 0

Ecopetrol Colombia 5 5 100 1Blue Logistics (Blue Cargo Group) Colombia 5 5 100 0

Grupo Aval Acciones y Valores Colombia 4 4 100 0

Body Tech Medical and Sports Colombia 4 4 100 0

Interconexion Electrica Colombia 4 4 100 0Bancolombia Colombia 4 4 100 0Phoenix Packaging Group (Grupo Phoenix) Colombia 4 4 100 0

*Total number of projects worldwide from the company regardless of report criteria.** The share of global projects from the company which match report criteria.


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The top 10 companies account for 27% of job creation and 26.2% of capital investment. Collectively, they create smaller projects in terms of job creation at 110 jobs on average. These companies generally provide lower capital investment at an average of USD 45.21 million per project.

Top 10 Companies: Jobs Created and Capital Investment

Company NameJobs created Capital investment

TotalAverage

per project

Total (USD m)

Average (USD m)

Juan Valedz 1,110 185 279.00 46.50Sociedades Bolivar 212 35 137.60 22.90Decameron Hotels and Resorts 2,010 335 400.90 66.80Ecopetrol 339 67 434.40 86.90Blue Logistics (Blue Cargo Group) 159 31 25.20 5.00Grupo Aval Acciones y Valores 164 41 123.60 30.90Body Tech Medical and Sports 20 5 5.20 1.30Interconexion Electrica 359 89 574.30 143.60Bancolombia 103 25 101.40 25.40Phoenix Packaging Group (Grupo Phoenix) 820 205 88.60 22.10


In terms of company size, 27.6% of companies have an annual turnover of USD 100.00 million to USD 999.99 million, while one-sixth of companies have a turnover of USD 24.99 million or less.

Size of companies by turnover

7

11

16

10

4

10 USD 5.00 bn or higher

USD 1.00 bn to 4.99 bn

USD 100.00 m to USD 999.99 m

USD 50.00 m to USD 99.99 m

USD 25.00 m to USD 49.99 m

USD 24.99 m or less


During the period April 2014 to March 2015, 8 projects were announced by 6 companies that had not previously had a project recorded by fDi Markets since 2003.

These investments created a total of 428 jobs and generated USD 261.30 million capital investment.

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Industry Analysis: Sectors

Out of a total of 17 sectors, the top five account for the majority of projects. Food & Tobacco is the top sector accounting for one-sixth of projects tracked. Project volume in this sector peaked during 2004, with six projects tracked.

Number of FDI projects by year and sector

2003200420052006200720082009201020112012201320142015

36

3

11

42

12

11

424

4

1

26

1

12

2

1

36

4

1

42

611

54

91

6

32

2

3

Food & Tobacco Financial Services Software & IT servicesCoal, Oil and Natural Gas Transportation Other sectors


Plastics has generated the highest number of total jobs and greatest investment with a total of 4,098 jobs and USD 3.12 billion investment. Plastics and Business Services have the largest project size on average in terms of investment and jobs creation, respectively.

FDI trends by sector

Sector No of projects

Jobs Created Capital investment


Average (USD m)

Food & Tobacco 20 3,557 177 545.10 27.30Financial Services 19 697 36 767.10 40.40Software & IT services 16 861 53 79.70 5.00Coal, Oil and Natural Gas 13 844 64 945.70 72.70Transportation 12 1,747 145 720.10 60.00Textiles 11 2,373 215 178.10 16.20Plastics 9 4,098 455 3,124.60 347.20Hotels & Tourism 6 2,010 335 400.90 66.80Communications 4 203 50 1,070.50 267.60Business Services 4 2,057 514 18.60 4.70Other sectors 13 1,204 92 448.20 34.50Total 127 19,651 154 8,298.60 65.30


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Industry Analysis: Clusters

Out of a total of 16 clusters, the top five account for more than two-thirds of projects. Retail Trade is the top cluster accounting for one-fifth of projects tracked. Project volume in this cluster peaked during 2008, with eight projects tracked.

Number of FDI projects by year and cluster

2003200420052006200720082009201020112012201320142015

16

18

3

33

12

11

42

44

2

1

23

13

2

1

22

1

52

6

32

75

64

61

6

3

31

3

Retail Trade Financial Services ICT & ElectronicsFood, Beverages & Tobacco Energy Other clusters


Energy has both the highest total and highest average investment at USD 1.51 billion overall and USD 116.40 million per project. Retail Trade has generated the highest number of total jobs, while Wood, Apparel & Related Products has the largest project size with 414 jobs per project on average.

FDI trends by cluster

Cluster No of projects



Average (USD m)

Retail Trade 25 3,446 137 656.30 26.30Financial Services 19 697 36 767.10 40.40ICT & Electronics 16 965 60 1,125.50 70.30Food, Beverages & Tobacco 14 2,484 177 249.00 17.80Energy 13 2,234 171 1,513.00 116.40Life sciences 9 840 93 172.10 19.10Transportation, Warehousing & Storage 7 181 25 55.80 8.00Creative Industries 6 136 22 32.90 5.50Tourism 6 2,010 335 400.90 66.80Wood, Apparel & Related Products 3 1,244 414 42.60 14.20Other clusters 9 5,414 601 3,283.40 364.80Total 127 19,651 154 8,298.60 65.30


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Industry Analysis: Business Activity

Out of a total of 11 business activities, the top five account for the majority of projects. Business Services is the top business activity accounting for one-fifth of projects tracked. Project volume in this business activity peaked in both 2011 and 2012 with five projects tracked in each of these periods.

Number of FDI projects by year and business activity

2003200420052006200720082009201020112012201320142015

12

12

13

55

41

16

18

3

33

2

1

22

15

13

61

1

12

32

36

2

2

61

33

12

14

4

3

12

Business Services Retail ManufacturingSales, Marketing & Support Construction Other business activities


Manufacturing has generated the highest number of total jobs and greatest investment with a total of 7,426 jobs and USD 3.46 billion investment. ICT & Internet Infrastructure and Manufacturing have the largest project size on average in terms of investment and jobs creation, respectively.

FDI trends by business activity

Business activity No of projects



Average (USD m)

Business Services 25 1,160 46 793.10 31.70Retail 25 3,446 137 656.30 26.30Manufacturing 24 7,426 309 3,460.30 144.20Sales, Marketing & Support 23 675 29 198.70 8.60Construction 10 2,030 203 406.10 40.60Logistics, Distribution & Transportation 8 1,764 220 792.00 99.00Headquarters 4 559 139 63.40 15.80Extraction 3 261 87 390.00 130.00Electricity 2 152 76 469.10 234.60ICT & Internet Infrastructure 2 178 89 1,064.60 532.30Other business activities 1 2,000 2,000 5.00 5.00Total 127 19,651 154 8,298.60 65.30


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Source Cities

Out of a total of seven source cities, the top five account for the majority of projects. Bogotá is the top source city accounting for almost half of projects tracked. Project volume in this source city peaked in both 2011 and 2012 with 10 projects tracked in each of these periods.

Cota has both the highest total and highest average investment at USD 3.01 billion overall and USD 1.00 billion per project. Bogotá has generated the highest number of total jobs, while Cota has the largest project size with 1022 jobs per project on average.

FDI trends by source city

Source cityProjects Companies Jobs

Created

Capital Investment (USD m)No % No %

Bogotá 60 47.24 34 51.52 6,062 1,623.20Medellin 24 18.90 14 21.21 3,853 2,269.30Cali 9 7.09 6 9.09 1,691 107.10Cota 3 2.36 1 1.52 3,067 3,006.00Barranquilla 2 1.57 1 1.52 232 163.00Bucaramanga 1 0.79 1 1.52 120 1.50Itagui 1 0.79 1 1.52 74 5.00Not Specified 27 21.26 9 13.64 4,552 1,123.50Total 127 100.00 66 100.00 19,651 8,298.60


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Destination Countries

Out of a total of 19 destination countries, the top five account for the majority of projects. United States is the top destination country accounting for almost one-quarter of projects tracked. Project volume in this destination country peaked during 2004, with six projects tracked.

Number of FDI projects by year and destination country

2003200420052006200720082009201020112012201320142015

16

12

1

455

5

21

41

15

2

42

24

13

34

23

36

51

3

21

22

41

1

11

1

51

5

3

32

United States Peru PanamaMexico Chile Other destination countries


Peru has received the highest number of total jobs and greatest investment with a total of 8,456 jobs and USD 4.14 billion investment. Brazil and El Salvador have the largest project size on average in terms of investment and jobs creation, respectively.

FDI trends by destination country

Destination country No of projects

No of companie

s



Average (USD m)

United States 30 18 3,169 105 736.50 24.60Peru 22 18 8,456 384 4,137.40 188.10Panama 16 13 1,355 84 477.30 29.80Mexico 13 10 1,243 95 404.90 31.10Chile 9 8 1,029 114 411.10 45.70Ecuador 7 7 510 72 89.00 12.70Costa Rica 6 6 387 64 104.20 17.40Spain 5 5 236 47 106.20 21.20Brazil 4 3 332 83 1,401.50 350.40El Salvador 3 3 1,545 515 98.50 32.80Other destination countries 12 12 1,389 115 332.00 27.70Total 127 66 19,651 154 8,298.60 65.30


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Destination Cities

Out of a total of 39 destination cities, the top five account for one-sixth of projects. Miami (FL) is the top destination city accounting for 4.7% of projects tracked

Lurin has received the highest number of total jobs and greatest investment with a total of 3,000 jobs and USD 3.00 billion investment. This destination city also has the largest project size on average in terms of both investment and jobs creation.

FDI trends by destination city

Destination cityProjects Companies Jobs

Created

Capital Investment (USD m)No % No %

Miami (FL) 6 4.72 6 9.09 310 78.10Panamá City 6 4.72 5 7.58 192 127.30Lima 4 3.15 4 6.06 521 13.30NYC (NY) 3 2.36 3 4.55 225 58.70Santiago 3 2.36 3 4.55 367 32.90San José 2 1.57 2 3.03 82 61.80Madrid 2 1.57 2 3.03 33 41.10Sao Paulo 2 1.57 2 3.03 143 813.20Coral Gables (FL) 1 0.79 1 1.52 171 49.40Moscow 1 0.79 1 1.52 51 5.00Lurin 1 0.79 1 1.52 3,000 3,000.00Cusco 1 0.79 1 1.52 392 85.00Alajuela 1 0.79 1 1.52 111 10.00Abilene (TX) 1 0.79 1 1.52 75 32.00Brandon (FL) 1 0.79 1 1.52 113 7.40Chinandega 1 0.79 1 1.52 41 30.90Ciudad Sahagun 1 0.79 1 1.52 80 1.00Monroe (NC) 1 0.79 1 1.52 100 20.00Batavia (NY) 1 0.79 1 1.52 50 15.00Nuevo Arraiján 1 0.79 1 1.52 41 30.90Other destination cities 19 14.96 19 28.79 2,559 947.40Not Specified 68 53.54 40 60.61 10,994 2,838.20Total 127 100.00 66 100.00 19,651 8,298.60


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Project Profiles

January 2015 - Artextil into Ecuador

Artextil (Itagui, Colombia) is investing in the city of Quito, Ecuador in the Textiles sector in a Manufacturing project.

Colombia-based textile group Artextil has invested $5m to open a new plant in Quito, Ecuador. The facility will have a capacity of 400,000 metres of fabric per month and 200,000 tonnes of dyeing. It will serve the domestic market, including areas such as Guayaquil, Cuenca, Ambato and the city.

Company contact: Carlos Andres Aristizabal (Head)

Jobs Created: 74 (est) Investment: USD 5.00 million

FDI project type: New

November 2014 - Ecopetrol into Mexico

Ecopetrol (Bogota, Colombia) is investing in Mexico in the Coal, Oil and Natural Gas sector in a Sales, Marketing & Support project.

Columbia-based oil producer Ecopetrol has opened a new office in Mexico. The company will explore different business opportunities as a result of the Mexican energy reform.

Jobs Created: 54 (est) Investment: USD 22.20 million (est)


October 2014 - OndadeMar Swimwear into United States

OndadeMar Swimwear (Medellin, Colombia) is investing in the city of Sarasota (FL), United States in the Textiles sector in a Retail project.

Colombia-based OndadeMar Swimwear, a manufacturer of swimming costumes and accessories, has opened a new store in Sarasota, Florida, US. It is located in the newly opened Mall at University Town Centre.



October 2014 - EPM (Empresas Publicas de Medellin) into Chile

EPM (Empresas Publicas de Medellin) (Medellin, Colombia) is investing in Chile in the Alternative/Renewable energy sector in a Electricity project.

Colombia-based power utility EPM has invested $200m to open a 110 megawatts wind farm in Ovalle, Chile. Parque Eolico Los Cururos will have 57 turbines located on 496 hectacres.

Company contact: Juan Esteban Calle Restrepo (General Manager)



8 May 2023 Page: 14


September 2014 - Proquinal into Costa Rica

Proquinal (Bogota, Colombia) is investing in the city of Alajuela, Costa Rica in the Plastics sector in a Manufacturing project.

Colombia-based Proquinal, a manufacturer of vinyl-coated fabrics, is to invest $10m to expand its plant in Alajuela, Costa Rica. The facility will serve the growing US market.

Company contact: Fernando Paez Nieto (Manager, Marketing)


FDI project type: Expansion

August 2014 - Gerfor into Peru

Gerfor (Cota, Colombia) is investing in Peru in the Plastics sector in a Manufacturing project.

Colombia-based Gerfor, a PVC pipes manufacturer, is to invest $2m to increase capacity at its facility in Peru. The company is also to invest $6m in Colombia and $4m in Guatemala to grow 20% by the end of the year.

Company contact: German Forero (President)



August 2014 - Gerfor into Guatemala

Gerfor (Cota, Colombia) is investing in Guatemala in the Plastics sector in a Manufacturing project.

Colombia-based Gerfor, a PVC pipes manufacturer, is to invest $4m to increase capacity at its facility in Guatemala. The company is also to invest $6m in Colombia and $2m in Peru to grow 20% by the end of the year.

Company contact: German Forero (President)



August 2014 - Bizagi, a subsidiary of Vision Software into United States

Bizagi, a subsidiary of Vision Software (Bogota, Colombia) is investing in United States in the Software & IT services sector in a Sales, Marketing & Support project.

BizAgi, a provider of business process management software and a subsidiary of Colombia-based Vision Software, has announced it will open additional offices in the US in early 2015.

Company contact: Steve Yount (Vice President, Sales, Bizagi)



August 2014 - Bizagi, a subsidiary of Vision Software into United States

Bizagi, a subsidiary of Vision Software (Bogota, Colombia) is investing in the city of San

8 May 2023 Page: 15


Francisco (CA), United States in the Software & IT services sector in a Headquarters project.

BizAgi, a provider of business process management software and a subsidiary of Colombia-based Vision Software, has established a headquarters in San Francisco, California, US. This will be followed by the opening of further offices in other US locations in early 2015 and is a result of growing demand by businesses.

Company contact: Steve Yount (Vice President, Sales, Bizagi)



June 2014 - EPM (Empresas Publicas de Medellin) into Costa Rica

EPM (Empresas Publicas de Medellin) (Medellin, Colombia) is investing in Costa Rica in the Coal, Oil and Natural Gas sector in a Sales, Marketing & Support project.

Colombia-based power utility EPM is to establish a new office in Costa Rica. The branch is part of the company's internationalisation strategy that seeks to explore new business opportunities in the country.

Juan Esteban Calle Restrepo, general manager, states: "Costa Rica represents for us a benchmark of good governmental, economic and environmental practices that keep large identity management and corporate vision of EPM. With our arrival in this country, one of the most stable and secure of central America, we seek to position the portfolio of services of our organisation and, in parallel, generating bonds of friendship, cooperation and exploration of new business that allow us to grow in mutual way, with efficiency and sustainability."

Company contact: Juan Esteban Calle Restrepo (General Manager)



April 2014 - Hidrospill into United States

Hidrospill (Bogota, Colombia) is investing in the city of Miami (FL), United States in the Business Services sector in a Business Services project.

Colombia-based Hidrospill, which specialises in the prevention, control and emergency response to contamination involving dangerous goods, has opened a new office in Miami, Florida, US. It will serve companies operating in the city.

Company contact: Pablo Garzon (Manager, Operations)



April 2014 - Olimpia IT into Panama

Olimpia IT (Bogota, Colombia) is investing in the city of Panama City, Panama in the Software & IT services sector in a Sales, Marketing & Support project.

Colombia-based Olimpia, which specialises in Colpatria Group information security, plans to open a new office in Panama City, Panama in the third quarter of 2014. The company will serve central America.

8 May 2023 Page: 16


Company contact: Daniel Medina (Chief Executive Officer)



March 2014 - Fehr Foods, a subsidiary of Grupo Nutresa (Grupo Nacional de Chocolates) into United States

Fehr Foods, a subsidiary of Grupo Nutresa (Grupo Nacional de Chocolates) (Medellin, Colombia) is investing in the city of Abilene (TX), United States in the Food & Tobacco sector in a Manufacturing project.

Fehr Foods, which produces bakery products and is a subsidiary of Colombia-based Grupo Nutresa, is to invest $32m to open a cracker manufacturing plant adjacent to its bakery factory in Abilene, Texas, US by early 2015. The company will create between 70 and 80 new jobs in a first phase.

Company contact: Carlos Enrique Piedrahita (Chief Executive Officer)

Jobs Created: 75 Investment: USD 32.00 million


February 2014 - Quala Dominicana, a subsidiary of Quala into Dominican Republic

Quala Dominicana, a subsidiary of Quala (Bogota, Colombia) is investing in the city of Santiago, Dominican Republic in the Food & Tobacco sector in a Manufacturing project.

Quala Dominicana, which produces and sells packaged food products and is a subsidiary of Colombia-based Quala, is to invest $18.52m to expand its production and storage capacity at its complex in Santo Domingo, Dominican Republic. The company is to expand by 14,000 sq m its production and storage capacity at the site, creating 500 jobs.

Company contact: Carlos Romero (General Director)



February 2014 - Arturo Calle into Peru

Arturo Calle (Bogota, Colombia) is investing in Peru in the Textiles sector in a Retail project.

Colombia-based fashion menswear retailer Arturo Calle is to open a new store in Peru in 2014.

Company contact: Arturo Calle (Founder)



February 2014 - Arturo Calle into El Salvador

Arturo Calle (Bogota, Colombia) is investing in El Salvador in the Textiles sector in a Retail project.

Colombia-based fashion menswear retailer Arturo Calle is to open a new store in El

8 May 2023 Page: 17


Salvador in 2014.

Company contact: Arturo Calle (Founder)



January 2014 - Mediimplantes into Mexico

Mediimplantes (Bucaramanga, Colombia) is investing in the city of Guadalajara, Mexico in the Medical Devices sector in a Manufacturing project.

Colombia-based Mediimplantes, which specialises in manufacturing spinal implants and surgical instruments, plans to establish a $1.5m facility in Guadalajara, Mexico. Scheduled to be operational in 2014, the investment will create 120 new jobs. Once operational, it will serve the domestic market.

Assistant manager, Gonzalo Hernando Olarte Jimenez said: "In this country there is no domestic production of these implants, and is a very big market."

Company contact: Gonzalo Hernando Olarte Jimenez (Assistant Manager)



November 2013 - BAC Credomatic, a subsidiary of Grupo Aval Acciones y Valores into Costa Rica

BAC Credomatic, a subsidiary of Grupo Aval Acciones y Valores (Bogota, Colombia) is investing in the city of San Jose, Costa Rica in the Financial Services sector in a Business Services project.

BAC Credomatic, a subsidiary of Colombia-based Grupo Aval Acciones y Valores, has opened a new bank branch in San Jose, Costa Rica as a part of its expansion plan. The new office is located at the City Plaza Mall.



November 2013 - Banco Davivienda, a subsidiary of Sociedades Bolivar into Costa Rica

Banco Davivienda, a subsidiary of Sociedades Bolivar (Bogota, Colombia) is investing in the city of San Jose, Costa Rica in the Financial Services sector in a Business Services project.

Banco Davivienda, a subsidiary of Colombia-based Sociedades Bolivar, is to open a new bank branch in the Guadalupe-area of San Jose, Costa Rica as a part of its expansion plan. The new office is located at the City Plaza mall. The company operates 29 centres through the country.



October 2013 - Team Foods Colombia into Chile

8 May 2023 Page: 18


Team Foods Colombia (Bogota, Colombia) is investing in the city of Santiago, Chile in the Food & Tobacco sector in a Manufacturing project.

Colombia-based Team Foods Colombia, a vegetable oil and fat producer, has announced plans to open a second manufacturing plant in Santiago, Chile to expand its production capacity.

Company contact: Luis Alberto Botero (President)



September 2013 - Grupo Nutresa (Grupo Nacional de Chocolates) into Mexico

Grupo Nutresa (Grupo Nacional de Chocolates) (Medellin, Colombia) is investing in Mexico in the Food & Tobacco sector in a Manufacturing project.

Colombia-based Grupo Nutresa, which engages in the production and distribution of food, is to invest $40m to open a new logistic centre and a manufacturing plant at the Centro Logistico de Jalisco industrial park in Acatlan de Juarez, Mexico. The company will create 240 new jobs at the site.



August 2013 - Promigas into Haiti

Promigas (Barranquilla, Colombia) is investing in Haiti in the Coal, Oil and Natural Gas sector in a Logistics, Distribution & Transportation project.

Colombia-based Promigas in a joint venture with Haiti-based Haytian Tractor & Equipment (HayTrac) and Dominican Republic-based GasEner are to build and operate the $123m Maurice Maurice Bonnefil LNG Regasification Terminal in Lafiteau, Haiti. It will be a small terminal whose construction will take place in two stages. The first one includes a storage terminal with a capacity of 15,000 metric tonnes for the importation of LNG. The second phase considers doubling the terminal capacity and the construction of a pipeline to supply the industrial zone of Port au Prince. The project is expected to generate 159 direct jobs and almost 6000 indirect jobs. Operations are expected to begin before the end of 2016.



July 2013 - Gas Natural de Lima y Callao (Calidda), a subsidiary of Empresa de Energia de Bogota (EEB) into Peru

Gas Natural de Lima y Callao (Calidda), a subsidiary of Empresa de Energia de Bogota (EEB) (Bogota, Colombia) is investing in Peru in the Transportation sector in a Logistics, Distribution & Transportation project.

Gas Natural de Lima y Callao (Calidda), which operates as a natural gas distribution company and is a subsidiary of Colombia-based Empresa de Energia de Bogota, is to invest $90m to expand its gas distribution network in Lima, Peru. The company aims to provide natural gas to more than 2 million residents in the city and neighbouring port city Callao by 2016. Calidda holds a 33-year concession contract to design, construct and operate the natural gas distribution system in Peru's Lima department and Callao province.

8 May 2023 Page: 19




July 2013 - BAC Credomatic, a subsidiary of Grupo Aval Acciones y Valores into Panama

BAC Credomatic, a subsidiary of Grupo Aval Acciones y Valores (Bogota, Colombia) is investing in the city of Panama City, Panama in the Financial Services sector in a Business Services project.

BAC Credomatic, a subsidiary of Colombia-based Grupo Aval Acciones y Valores, has opened a new bank branch in Panama City, Panama as a part of its expansion plan. The new office is located at the Multiplaza Pacific Mall. The company has 30 centres throughout the country.

Company contact: Jaime Moreno (General Manager (Panama), BAC Credomatic)



May 2013 - Blue Logistics (Blue Cargo Group) into Mexico

Blue Logistics (Blue Cargo Group) (Bogota, Colombia) is investing in Mexico in the Transportation sector in a Logistics, Distribution & Transportation project.

Colombia-based Blu Logistics, an international logistics firm, is to invest in distribution centres and warehouses in Mexico. The company will create 50 new jobs by 2015. These moves form part of the company's plan to expand its operations in Mexico to increase its presence in trade traffic in the Americas and China.

Company contact: Ernesto Arevalo (Chief Executive Officer (Mexico))

Jobs Created: 50 Investment: USD 3.70 million (est)


8 May 2023 Page: 20


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8 May 2023 Page: 21

Documents

· Web view1,747 145 720.10 60.00 Textiles 11 2,373 215 178.10 16.20 Plastics 9 4,098 455 3,124.60 347.20 Hotels & Tourism 6 2,010 335 400.90 66.80 Communications 4 203 50 1,070.50