Latin Logistics:  A Chinese Concern
    13th November 2006

    China has now come up against the same problem everybody has in Latin America – that of its logistics infrastructure.
    BY MARCIO STEWARTInfoAmericas
    China’s growth as the factory of the world requires ever increasing amounts of raw materials. Latin America has become a strategic source of raw materials for China‘s manufacturing process. It is also a supplier of agricultural goods to feed China‘s billion person population.
     
    Consequently the Chinese government and CNOOC have invested $400 million in gas exploration in Venezuela. China Minmetals Nonferrous Metals Co. has invested $2 billion in a joint venture with Chile’s state copper giant Codelco. Baoshan Iron and Steel has invested $1.4 billion in a joint venture with CVRD  for the construction of a new steel plant in  Brazil. Yanguang Group has created a new coal company in Brazil in a joint venture with CVRD and Itocho Corp. Sinopec has an alliance with Brazil‘s state oil company Petrobras. These strategic investments are only the tip of the iceberg of Chinese involvement in Latin America.
     
    The Chinese are also beginning to move upstream into the supply chain itself. This is only the next natural move. What is the point in investing in raw material if you cannot get it back to China quickly and profitably. Chinese and Korean companies are lobbying for a new Pacific freight port in Baja California at Punta Colonet. This is a $1billion investment, aimed at reducing congestion at US …

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