Brazilian composites sector reports US$ 385 million revenue in the first quarter
The Brazilian composites sector reported revenue totaling US$ 385 million in the first quarter of 2014, 11.2% higher than in the same period of the previous year and 0.5% higher than the result of the last quarter of 2013.
From January to March this year, 53,700 tons of composites were produced in the country, a volume that is 8% higher than in the first quarter of 2013, but 1.2% lower than the amount processed between last October and December.
“This reduction is a consequence of the slowdown experienced by virtually all segments in which composite molders operate, such as the transportation, road equipment, agribusiness and marine segments. The only segments that have managed to remain stable are the wind and construction,” said Gilmar Lima, president of ALMACO.