LATAM Chile | Jotup

Orbia Announces Second Quarter 2021 Financial Results

Retrieved on:

Thursday, July 29, 2021

Networks, Manufacturing, Technology, Telecommunications, Chemicals, Plastics, Airlines, Dielectrics, Companies, Holding companies, Orbia, State of Mexico, Plastics, Polyvinyl chloride, LATAM Airlines Group, LATAM Chile

Added Bharadwaj, “This quarter, we executed on our strategy, approved investments to increase capacity in Netafim and Dura-Line to meet growing demand and completed the acquisition of a majority ownership in Shakun Polymers Private Limited to expand Polymer Solutions’ presence in Asia. As always, sustainability remains at the top of our agenda--we are investing in processes, solutions and services that reduce our carbon footprint, water usage and waste-to-landfill to advance life around a cleaner, greener world.”

Key Points:

Robust PVC demand from the building and construction industries worldwide and force majeures among PVC suppliers continued into the second quarter, complemented by strong demand in compoundsespecially plasticizersand demand in the LatAm region.
On May 6, 2021, Orbia issued two sustainability-linked senior notes: a 5-year $600 million note and a 10-year $500 million note at an annual cost of 1.875% and 2.875%, respectively.
As of the end of Q2 2021, Orbia has no issuances under this program.
Orbia will host a conference call to discuss Q2 2021 results on July 29, 2021 at 10:00 am Central Time (CT; Mexico City)/11:00 am Eastern Time (ET; New York).

Flora Growth to Partner with Avaria to Distribute Award-Winning Pain Cream Brand KaLaya Across LATAM & Produce Its CBD Formulations

Retrieved on:

Tuesday, July 27, 2021

Through the JV, Flora Growth will manage registration, sales, and distribution of KaLaya products in Colombia, Mexico, and other LATAM countries, while Avaria will supply finished product to the JV.

Key Points:

Through the JV, Flora Growth will manage registration, sales, and distribution of KaLaya products in Colombia, Mexico, and other LATAM countries, while Avaria will supply finished product to the JV.
These products are expected to be distributed across LATAM using Flora Labs established distribution channels, with the aim of exporting to the U.S. market, where Avaria is currently launching the KaLaya brand.
Avaria does not currently hold a license in Canada to produce cannabis derived versions of its products at a commercial scale.
Avarias KaLaya pain cream brand has enjoyed strong success since inception, where it enjoys three consecutive years of triple digit growth through their industry leading Canadian e-commerce channels.

Lumen to Sell Latin American Business to Stonepeak for $2.7B

Retrieved on:

Monday, July 26, 2021

Airlines, Companies, Holding companies, Lumen, KPN, LATAM Airlines Group, LATAM Chile

DENVER and NEW YORK, July 26, 2021 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and Stonepeak today announced the signing of a definitive agreement for Lumen to sell its Latin American business to Stonepeak, a leading alternative investment firm, for $2.7 billion.

Key Points:

DENVER and NEW YORK, July 26, 2021 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and Stonepeak today announced the signing of a definitive agreement for Lumen to sell its Latin American business to Stonepeak, a leading alternative investment firm, for $2.7 billion.
Under the terms of the purchase agreement, Lumen will divest its Latin American business, which will operate as an independent, U.S. headquartered portfolio company of Stonepeak (the "New LATAM Company").
The current Latin American leadership team and organization will remain in place, led by Hector Alonso, Lumen's president for the region.
"Stonepeak has been an early and active investor in digital infrastructure globally and we are looking forward to applying our experience and additional capital to Lumen's Latin American business."

Premium office market in Latin America shows signs of recovery: WTC Prime Office Index Latam 2021

Retrieved on:

Wednesday, June 30, 2021

Airlines, Aviation, Financial District, Manhattan, Port Authority of New York and New Jersey, LATAM Airlines Group, LATAM Chile, LATAM Brasil, World Trade Center, WTC Wharf, World Trade Centre Hong Kong

MIAMI, June 30, 2021 /PRNewswire/ --There are signs of recovery in the market for Premium offices in Latin American cities with less than two million inhabitants.

Key Points:

MIAMI, June 30, 2021 /PRNewswire/ --There are signs of recovery in the market for Premium offices in Latin American cities with less than two million inhabitants.
This is a relevant finding of the World Trade Center (WTC) Prime Office Index Latam, released in June by the business publication Latin Trade.
The study also showed that the time needed to close the sale of Premium Office space in Latin America increased this year and will increase further for the remainder of 2021.
Finally, the expectations indicator of the WTC Prime Office Index Latam was -19% in June 2021.

Auth0 Expands Global Partner Network in Latin America with CLM

Retrieved on:

Tuesday, June 29, 2021

Software, Technology, Data management, Security, Airlines, Holding companies, Aviation, LATAM Airlines Group, Identity management, CLM, LATAM Chile, Lan, Computer security

Auth0 , the modern identity platform, today announced a partnership with CLM , a value-added distributor that specializes in advanced data center infrastructure and cybersecurity.

Key Points:

Auth0 , the modern identity platform, today announced a partnership with CLM , a value-added distributor that specializes in advanced data center infrastructure and cybersecurity.
CLM is Auth0s first distribution partner in Latin America (LATAM) and extends Auth0s reach into Brazil, Colombia, Ecuador, and Peru to provide local partners and their customers with an extensible, trusted identity management solution.
The addition of CLM to Auth0s Partner Program and Auth0s growth in LATAM indicates demand for cloud-based identity management solutions that balance security and customer experience.
Together, Auth0 and CLM are supporting major companies in Latin Americaincluding AK Networks and XP Inc. to meet their evolving identity management and security goals.

LatAm Logistic Properties Starts Development of 30,260 square meters of Class-A Logistic Buildings in Costa Rica

Retrieved on:

Monday, June 28, 2021

Airlines, Aviation, LATAM Airlines Group, LATAM Chile, Costa Rica, Logistic, LATAM Brasil

LatAm Parque Logstico San Jos - Verbena is currently under construction and upon its completion will consist of five modern and sustainable logistic buildings totaling nearly 77,100 square meters of net rentable area.

Key Points:

LatAm Parque Logstico San Jos - Verbena is currently under construction and upon its completion will consist of five modern and sustainable logistic buildings totaling nearly 77,100 square meters of net rentable area.
LatAm Logistic Properties is the leading provider of logistic real estate in Costa Rica, with an owned and managed portfolio of 149,400 square meters of logistics and distribution space in San Jos, Costa Rica, as of March 31, 2021.
As of March 31, 2021, LatAm Logistic Properties was comprised of an operating and development portfolio of twenty-three logistic facilities in Colombia, Peru and Costa Rica totaling 368,200 square meters of gross leasable area.
After the build-out of the company's wholly owned land bank and co-investment land ventures, LatAm Logistic Properties is expected to reach 594,200 square meters of gross leasable area.

Bnext Announces Next-Generation Remittance Service Across Spain and Latin America with Blockchain-based Solution on Algorand

Retrieved on:

Wednesday, June 2, 2021

Airlines, Aviation, International factor movements, Remittance, LATAM Airlines Group, LATAM Chile, LATAM Brasil, Latin America

During 2020, Latam received more than 100bn USD and Spain sent more than 18bn USD, with Latin America receiving most of the remittances sent by Spain.

Key Points:

During 2020, Latam received more than 100bn USD and Spain sent more than 18bn USD, with Latin America receiving most of the remittances sent by Spain.
The money will be transferred between Bnext users, even if they are in different countries, and will be faster and more secure than it is today to send money between Bnext users in Spain or in Latin America.
Bnext is the most powerful Marketplace of financial services in Spain and one of the most prominent in Latin America, with more that 700,000 users and a rapidly accelerating user base.
Bnext and Algorand will provide an opportunity for this segment that goes beyond sending and receiving money," said Cristian Huertas, Head of Latam of Bnext.

Bnext Announces Next-Generation Remittance Service Across Spain and Latin America with Blockchain-based Solution on Algorand

Retrieved on:

Wednesday, June 2, 2021

Airlines, Aviation, International factor movements, Remittance, LATAM Airlines Group, LATAM Chile, LATAM Brasil, Latin America

During 2020, Latam received more than 100bn USD and Spain sent more than 18bn USD, with Latin America receiving most of the remittances sent by Spain.

Key Points:

During 2020, Latam received more than 100bn USD and Spain sent more than 18bn USD, with Latin America receiving most of the remittances sent by Spain.
The money will be transferred between Bnext users, even if they are in different countries, and will be faster and more secure than it is today to send money between Bnext users in Spain or in Latin America.
Bnext is the most powerful Marketplace of financial services in Spain and one of the most prominent in Latin America, with more that 700,000 users and a rapidly accelerating user base.
Bnext and Algorand will provide an opportunity for this segment that goes beyond sending and receiving money," said Cristian Huertas, Head of Latam of Bnext.

IBS Software and LATAM Airlines Group reach agreement to transform loyalty program

Retrieved on:

Wednesday, May 26, 2021

Airlines, Aviation, LATAM Airlines Group, LATAM Brasil, LATAM Chile, LATAM Paraguay, Loyalty program, Airline

SANTIAGO, Chile, May 26, 2021 /PRNewswire/ -- IBS Software, a leading SaaS technology provider for the travel industry, announces that it has reached an agreement with LATAM Airlines Group to implement its iFly Loyalty platform, enabling the airline to manage its loyalty programs from a single modern platform.

Key Points:

SANTIAGO, Chile, May 26, 2021 /PRNewswire/ -- IBS Software, a leading SaaS technology provider for the travel industry, announces that it has reached an agreement with LATAM Airlines Group to implement its iFly Loyalty platform, enabling the airline to manage its loyalty programs from a single modern platform.
iFly Loyalty will also allow LATAM to move away from a traditional, outdated and costly data center infrastructure.Upon completion of the transformation, IBS Software's cloud-native iFly Loyalty platform will power the entire technology stack that drives LATAM's loyalty business.
This agreement with LATAM is another example of IBS Software's expanding reach across the aviation sector, enabling its customers to transform and digitally lead the industry.
Working together with LATAM Airlines to move LATAM Pass to the iFly Loyalty platform we will jointly complete a significant milestone to evolve LATAM's loyalty businesses into a significant contributor to the commercial recovery.

IBS Software and LATAM Airlines Group reach agreement to transform loyalty program

Retrieved on:

Wednesday, May 26, 2021

Airlines, Aviation, LATAM Airlines Group, LATAM Brasil, LATAM Chile, LATAM Paraguay, Loyalty program, Airline

SANTIAGO, Chile, May 26, 2021 /PRNewswire/ -- IBS Software, a leading SaaS technology provider for the travel industry, announces that it has reached an agreement with LATAM Airlines Group to implement its iFly Loyalty platform, enabling the airline to manage its loyalty programs from a single modern platform.

Key Points:

SANTIAGO, Chile, May 26, 2021 /PRNewswire/ -- IBS Software, a leading SaaS technology provider for the travel industry, announces that it has reached an agreement with LATAM Airlines Group to implement its iFly Loyalty platform, enabling the airline to manage its loyalty programs from a single modern platform.
iFly Loyalty will also allow LATAM to move away from a traditional, outdated and costly data center infrastructure.Upon completion of the transformation, IBS Software's cloud-native iFly Loyalty platform will power the entire technology stack that drives LATAM's loyalty business.
This agreement with LATAM is another example of IBS Software's expanding reach across the aviation sector, enabling its customers to transform and digitally lead the industry.
Working together with LATAM Airlines to move LATAM Pass to the iFly Loyalty platform we will jointly complete a significant milestone to evolve LATAM's loyalty businesses into a significant contributor to the commercial recovery.