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Brazilian Composites Segment Expected to Grow 11% in 2010

10 September 2010

The Brazilian sector of composites materials may register a USD 1.3 billion revenue by the end of 2010 – 11% higher compared to the previous year.

Approximately 210.000 tons are expected be consumed, compared to 183.000 in 2009 (a 14.7% increase). These figures were released by the latest quarterly market survey carried out by the Brazilian Composite Materials Association (ABMACO) – this survey is carried out since 2008.

During the first half of 2010, the industry represented by ABMACO made USD 0,71 billion. Compared to the same period of 2009, this result is almost 20% higher. As for the second half of 2009, the industry had only a 1% increase. “This indicates that we could keep the good results of the second half of 2009. However, we still have a lot to improve and grow”, says Gilmar Lima, president of ABMACO.

The quarterly results does not consider the consumption per segment – it is only consolidated by the end of the year – but Lima believes civil construction, transportation and wind power will remain the top consumers. “There are important projects underway in these three segments and the composites materials are already seen as the first option in several of them”, he says.






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