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Brazilian Composites Industry Sales Growing

  • Tuesday, 21st August 2012
  • Reading time: about 2 minutes

Brazilian composites industry sales totalled USD 384.5 million in the second quarter, up 4.9% in comparison with the first three months of the year according to Maxiquim, a consulting firm hired by the Latin American Composite Materials Association(ALMACO).

The same report says that, when compared to the same period of 2011, the result was 9.4% higher. In the first half, sales totalled USD 751 million, in contrast to USD 709 million (+5.9%) registered between January and July of the previous year.

According to Maxiquim, the consumption of raw materials fell 8.8% in comparison with the first quarter, totalling 50,600 tons. For Gilmar Lima, President of ALMACO, the difference between the two indicators is due to the continuous reduction of the inventories purchased by the composite moulders at the end of last year.

The survey indicates a 3.4% leap in the third quarter revenue, totalling USD 397.5 million. During the year, Maxiquim estimates that the sector’s revenue may reach USD 1,561 billion, corresponding to a growth of 9.5% – in volume, 216,000 tons (+3.8%).

“If this estimate is confirmed, it will be basically guaranteed by the composite applications linked to government programs such as poles for the new power grids of Luz para Todos, modular houses for Minha Casa, Minha Vida and bus parts for Caminho da Escola”, says the president of ALMACO. He also bets on an increased demand in the markets for agricultural implements and wind power generation.

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