The Brazilian composite sector expects to close 2018 with a turnover of US$ 685 million, a high of 3.8% compared to the previous year.
It is estimated that the consumption of raw materials in the period reaches 202 thousand tons, a volume 3.1% higher than that recorded in 2017. Projections are from Maxiquim, a consultancy contracted by the Latin American Composite Materials Association (ALMACO).
“The year started promising, but we felt a decline in business over the months, especially in the second quarter. In any case, despite intense exchange rate fluctuations and political turmoil, we will have the second consecutive year of growth since 2014,” said Gilmar Lima, President of ALMACO.
The transportation industries, especially the agricultural vehicle assemblers, and the infrastructure, with a focus on the expansion of electric grids, continued to respond to most of the demand. “They also helped to increase by 5% the number of jobs created in 2018, totaling 63 thousand jobs.”
By 2019, Lima relies on the resumption of the other sectors leader of consumption, especially the civil construction, Brazilian number one in the demand for the material. “With political stability and the improvement of the economic scenario, construction tends to be one of the first beneficiaries.”
Image provided by Almaco
For more information visit:
Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!