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Brazil's Odebrecht to invest $8.1 billion in Mexico, including in petrochemicals

5:38 AM MDT | October 2, 2013 | Francinia Protti-Alvarez

Brazilian businessman Marcelo Odebrecht plans to invest about $8.1 billion in Mexico over the next five years, according to a statement from Mexico's president. Marcelo Odebrecht met with the president, Enrique Peña Nieto, on 1 October. Odebrecht, who leads an industrial conglomerate that carries his name, says his organization plans to invest in petrochemicals, renewable energy, ethanol and sugar production, and highway concessions. The Odebrecht group (Salvador, Brazil) has already invested $1.8 billion of the total in studies and projects, the statement...

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