LONDON, July 1, 2013 /CNW/ - PennWell and PennWell do Brasil are soon to
join forces with the International Trade Administration, U.S.
Department of Commerce to highlight Brazil as a land of opportunities
for foreign investment in a live webcast How to Break Into the Brazilian Market to premier on Thursday 11 July, 11:00 AM EDT / 10:00 AM CDT / 8:00 AM PDT / 3:00 PM GMT.
This webcast is specifically designed for Service and Product Suppliers
wanting to sell into Brazil as well as U.S and international companies
in the power market (either generation, transmission, and/or
distribution) looking to establish a presence in Brazil and also
Business Development experts in power-related companies in the U.S. and
international arena wanting to learn more about the business climate in
The webcast will provide great insights and understanding about how to
effectively set up a presence in Brazil from an on-the-ground expert
from the U.S. Department of Commerce's International Trade
Administration office in Sao Paulo, Brazil.
Presenters include Igly Serafim, Senior Business Development Specialist,
International Trade Administration, U.S. Department of Commerce, Teresa
Hanson, Editor in Chief, PowerGrid International, Electric Light &
Power and Utility Products, PennWell Corporation and Tim Chambers,
Representative of the organizers of POWER-GEN Brasil, HydroVision
Brasil and DistribuTECH Brasil, PennWell Corporation.
For more information or to register for the webcast, visit http://bit.ly/14C0HjM
In the past decade, Brazil's economy has grown to such an extent that
Brazil is now labelled an economic superpower. With an average annual
GDP growth of 4.2% over the past five years, a relatively attractive
business climate, vast amount of natural resources and a supportive
government, Brazil's future is looking bright.
Brazil is clearly encouraging more direct foreign investment. This is
substantiated by the Government's announcement earlier this month to
scrap its 6 percent tax rate on foreign investors who buy Brazilian
bonds in the domestic market. It also follows on from President
Rousseff's decision in April to eliminate a tax on loans for the
purchase, production and leasing of capital goods.
According to the United Nations Conference on Trade and Development,
Brazil is the fifth most attractive country for foreign direct
investment for the year of 2012 through 2014. Brazil is also
consistently the largest foreign direct investment recipient in Latin
America, receiving close to half of all South America's incoming
investments. As indicated by the Brazilian Central Bank's most recent
foreign-capital census in 2010, the United States had the largest share
of accumulated foreign-capital stock in Brazil, with 18.0%. Spain
achieving 14.7% while Belgium had 8.7%. Additionally, net foreign
direct investment inflows between the years 2006 of 2011 amounted to
about US$377 billion, after subtracting depreciation and capital
As countries around the globe rebound from the global economic crisis,
Brazil is making great steps to maintain its position as the most
attractive company for foreign investment in Latin America. In the last
decade, Brazil has been one of the fastest growing emerging markets. It
is currently the largest economy in Latin America and seventh largest
in the world, and a country that the International Monetary Fund
predicts is poised for continued growth.
Captilising on Brazil's booming economy and expanding foreign investment
and trade opportunities will be a major point of discussion for
utilities and companies involved in the energy sector at PennWell's
tri-located POWER-GEN Brasiil, HydroVision Brasil and DistribuTECH
Brasil conference and exhibition to be held at Transamerica Expo
Center, Sao Paulo from 24-26 September 2013.
The event follows on from the webcast to provide an expected worldwide
audience of 2 000 + attendees and more than 100 exhibitors spanning
over 20 countries, up-to-date information about best practices for
doing business in and investing in Brazil.
To register or for more information on POWER-GEN Brasiil, HydroVision
Brasil and DistribuTECH Brasil conference sessions, exhibitor and
sponsorship opportunities, visit http://www.powerbrasilevents.com/en/index.html
About PennWell Corporation:
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately
held and highly diversified business-to-business media and information
company that provides quality content and integrated marketing
solutions for the electric power generation and delivery and hydropower
sectors plus other diverse markets. PennWell publishes over 130 print
and online magazines and newsletters, conducts 60 conferences and
exhibitions on six continents, and has an extensive offering of books,
maps, websites, research and database services. In addition to
PennWell's headquarters in Tulsa, Oklahoma, the Company has major
offices in Nashua, New Hampshire; London, UK; Houston, Texas; San Diego
and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia;
and Hong Kong, China.
About PennWell do Brasil:
PennWell do Brasil in Rio de Janeiro was officially launched on 8 April
2013. The opening of this local office signifies an important milestone
in the continued growth of POWER-GEN Brasil, HydroVision Brasil and
The momentum seen by these events thus far underscores the importance of
such a platform to the industry and the acute international interest in
the Brazilian market. Having a local Brazilian office enables optimal
support for the energy industry in Brazil with local currency
registration, logistical and invoicing capabilities.
Joining PennWell's major offices located around the world in Nashua, New
Hampshire; Houston, Texas; London, England; Fairlawn, New Jersey;
Moscow, Russia; and Hong Kong, China, PennWell do Brasil furthers the
company's strategic expansion in the global media marketplace and
supports PennWell's rapidly expanding energy businesses in Brazil.
SOURCE: PennWell Corporation
For further information:
PennWell do Brasil Holdings Ltda
Rua Candelaria, 65Sala 1604
Rio de Janeiro RJ 20091-020
Tel: +55-21-2172-5353 / Fax: +55-21-2172-5101 / Hours: Monday-Friday, 8:30a.m. to 6:00p.m.
For further information, please contact:
T: +55-21-4107-5432 / Mob: +55-21-8118-5432 / E-mail: firstname.lastname@example.org
For further information, please contact:
Tel: +44-(0)1992-656-632 / Fax: +44-(0)1992-656-700 / E-mail: email@example.com