The colossus General Electric, which was born in New York founded by none other than Thomas Alba Edison, the inventor of the electric light bulb and John Pierpont Morgan, the creator of the Morgan bank, decided to split into three independent companies. GE’s heart is now in Boston, and its diversification has forced it to focus on three businesses: precision healthcare, aviation and energy, which will be listed separately on the stock exchange. This is about a more focused strategy, tailored capital allocation and flexibility to drive growth. They have an investment grade rating. The first to go public on the Nasdaq in January will be GE HealthCare, the medical equipment division of GE. It will be followed by GE Renewable Energy and GE Aerospace. The GE brand is valued at $20 billion. GE HealthCare has a strong presence in Argentina, Brazil and Mexico with 70 million patients served annually and offices in 30 countries. Its CEO in the region, Brazilian Rafael Palombini, says he allocates $1,000 million a year to research and development and is considering setting up one of these centers in Argentina. They are leaders in MRI, molecular imaging, gynecological and cardiac ultrasound. Palombini states that there is an evolution towards health management with precision medicine and equipment that guides doctors in diagnosis on the basis of a vast database, comparisons and which avoids the repetition of studies due to their technological level shortening the exam time. Devices start at $20,000 to $2 million. In the world they compete with Siemens, Philips and the Chinese United Image.
Juan Marotta, active CEO of HSBC in Argentina and the rest of the southern cone, he slipped some of the plans into the traditional polo field benched cocktail. To avoid the short term and talk about an election year like 2023, she released: “The decisions and actions we take will look to the long term, regardless of the electoral situation. Our plans are always aimed at the great future and growth of Argentina”. The truth is that in a sector where creditors are few, it has found a way to go back to financing the conversion of companies towards a sustainable mode. This year they have allocated 8,000 million pesos. Among the customers Pampa Energía with 20 million dollars to finance new investments in wind power in the province of Buenos Aires; and the green credit to Maniagro, in Córdoba, for 750 million pesos for a new bioenergy plant based on the reuse of peanut shells. They also provided $65 billion in funding to SMEs in the SME Productive Investment Programme, including 16% to finance exports. And $41 billion to women-run companies that export. As happened for a large number of foreign capital banks, unable to send profits to the parent company, HSBC has also invested in its headquarters. They committed $25 million for the renovation of the Florida Tower Corporate Building at 229 Florida, a city heritage site. They have enhanced 13,000 square meters of that architectural jewel.
The French Ceva Santé Animale (Ceva) has just multiplied its presence in Argentina with the acquisition of Zoovet, specialized in the production and marketing of animal health products, and of Biotecnofe, a biotechnological start-up that develops innovative products. Ceva covers 110 countries and is one of the leaders in animal health, with vaccines for birds, pigs and cattle. With these acquisitions, it accesses a state-of-the-art biotech campus based in Santa Fe, which has 200 experts and a close collaboration with the Universidad Nacional del Litoral. In this way she becomes the fifth player in the country in an activity in which Biogénesis Bagó is number one. Ceva has 250 employees in the country and an expected turnover of 35 million dollars. Marc Prikazsky, President and Global CEO, explained that he has chosen family businesses that share common values. The company was founded in 1999 and employs 6,300 people worldwide. It has a turnover of 1,400 million dollars globally.
“Renewable Energy, Energy Efficiency and Climate Change” is the newest book recently published by the Strategic Forum for National Development Foundation, a body that hosts scientists, researchers, technologists and businessmen, from the public and private sectors, in the fields of education, energy, environment and health, among the others. The direction is by Norma Cadoppi Frigerio. The book was presented to the Argentine Council for International Relations (CARI) and its president José Octavio Bordón, former ambassador to the United States and Chile, recommended it as a response to the challenges of the next 15 years. Ambassador Raúl Estrada Oyuela, collaborating member in drafting the Kyoto Protocol, referred to the close link between the damage caused by climate change and the limitations on the economic development of countries, especially in sectors with fewer resources. Cadoppi focused on the fact that climate change requires changing the energy matrix and favoring renewable energy sources, and calls for more efficient use of energy, restructuring of transport systems and revision of aspects of daily life which contribute to the emission of greenhouse gases.
Source: Clarin
