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Polinox Estimates Growth of 12-15% for 2011

08 March 2011

The Brazilian company Polinox expects to grow between 12% and 15% in 2011, lower than in the previous year, when the company's revenue increased 20%.

""I do not believe in major leaps in the economy, but the scenario is different now, especially because of the new government's need to adopt measurements to contain inflation"", says Roberto Pontifex, Polinox CEO. ""Both Polinox and most companies operating in this market spent most of 2010 with their plants in full operation. Thus, the comparison basis starts from a very high baseline"".

The export share in Polinox's earnings tends to remain unchanged it represented 14% of the revenue of 2010. Even trading its products in almost all South America, the company has been losing competitiveness due to the extreme appreciation of the Brazilian exchange rate. ""However, in spite of the fact that it is not as profitable to export, we will not lose now the share we took so long to achieve"".