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First Quarter Sales Reach US$382 Million in the Brazilian Composites Industry

  • Tuesday, 14th May 2013
  • Reading time: about 2 minutes

Sales in the Brazilian composites industry have increased by 5.2% compared to the first quarter of the previous year totalling US$ 382 million.

Reported by Maxiquim, a consulting firm hired by the Latin American Composite Materials Association (ALMACO) in comparison with the last three months of 2012, the increase was 1.5%.

“We were heavily influenced by the recovery in the markets of trucks, buses, tractors and road equipment. The wind industry is also experiencing an excellent moment, which helped increase our revenues,” said Gilmar Lima, president of ALMACO.

In contrast, ALMACO say that from January to March, there was a consumption of 49,700 tons of composites, which is equivalent to a 10% drop when compared to the volume registered in the same period of 2012 and a slight increase of 0.4% in comparison with the fourth quarter of last year. “The difference between revenue and volume of processed material is due to the increased costs of inputs, services and payrolls,” said Lima.

According to the president of ALMACO, this trend is likely to remain unchanged, “Not because of the costs, but because companies are looking for high value-added materials, which improve the performance and reduce the manufacturing time of the parts.”

According to the survey of Maxiquim, the Brazilian composites industry should earn US$ 1.612 billion in 2013, which will correspond to a leap of 8.1% – in volume, 211,000 tons (+2.3%).

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