MarketWire
Although both the Argentinean and the Mexican markets have been growing, their growth is attributed to different reasons. The Argentinean pharmaceutical market has been growing mainly based on growing sales volume, while growth of the Mexican market is mainly driven by growing prices.
The Mexican market is dominated by foreign companies with few domestic players. The Argentinean market is dominated by domestic branded generics firms, due to the economic crisis which led to many foreign companies to sell their plants in Argentina, thus allowing the domestic firms to gain over their market share.
Sales of pharmaceutical categories in both countries are very similar to the West thus opening growth opportunities for foreign companies. However, sales of oncology drugs are low in both countries; and Mexico has higher sales of anti-infective drugs indicating that these markets still have scope for further development and growth.
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Lean Reflections:
It was interesting to hear yesterday that Chrysler and Nissan are working together on some new vehicles. It was not surprising to hear that Chrysler will manufacture a pickup truck for Nissan in Mexico, and that the Nissan product for Chrysler will be made in Asia. But it may have been a rebuke to doomsayers to hear that current production in Saltillo, MX, will be moved to a plant outside St. Louis.
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via Scotsman.com News
ONE of South America’s smallest countries has held the biggest barbecue in the world.
Some 1250 Uruguayan grillmeisters sizzled up 26,400 pounds of beef, beating a 2006 record set in Mexico.
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via DominicanToday.com
sugar companies Central Romana and Grupo Vicini, the country’s two largest producers.
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Opportunity for Indian companies as well to serve Latin customers in the U.S. this way.
via DominicanToday.com
A new company that will start operations in the Dominican Republic will generate 500 jobs said Eddy Martínez Manzueta, Director Investment and Export Center (CEI-RD).
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Financial Express
The fact that the President of India, Pratibha Patil, chose Latin America as the first destination for her state visit is reflective of the importance that India attaches to further strengthening its partnerships with countries of that dynamic continent. Although it is not usual for a business delegation to accompany the president, for the first time, a huge delegation is accompanying the country’s president to the three countries in that region: Brazil, Mexico and Chile.
Senior government officials point out that in the past, the problems of connectivity have acted as an obstacle to greater interaction between India and Latin America. However, while physical connectivity remains an impediment, trade and economic interaction is growing rapidly. This is not only because of the greater global interest and outreach of Indian public and private sector companies but also because of the new dynamics of South-South cooperation.
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I concur. Buenos Aires is one of the most aesthetically pleasing cities in the world. I’m staying in Palermo Soho – and center for the latest fashion and design. I’m especially impressed with some of the model apartments I have seen being built by Grupo Townhouse. I wish developers like Sobha and Prestige in Bangalore could use their design services. The high-end apartments I’ve seen in Bangalore($500K and above) have been unremarkable in their design.
via The Independent
Argentine design is more engaging than ever. The period of need, introspection and experimentation that followed the currency crisis was to trigger a phenomenal creative impulse in the capital, and an army of restless designers began to manipulate the materials available to them in new and exciting ways.
Not missing a trick, in 2002 the state inaugurated the Buenos Aires Metropolitan Centre of Design, answering a huge demand for commercial grounding among budding designers. The city’s two big commercial design fairs (Feria Puro Diseño and Buenos Aires Fashion Week) got off the ground, looking to unite, and sell, the best creative talents – and a torrent of smaller showcases, seminars and festivals design-washed the calendar. In 2005, Unesco declared Buenos Aires its first “City of Design” and “one of the most viable and productive design industries in the South American continent”.
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