Brazilian Composites Industry Reports US $366 Million Earnings in the First Quarter

may 21 2012

Earnings in the Brazilian composite materials industry totaled US $366 million in the first quarter, corresponding to an increase of 1.6% in comparison with the last quarter of 2011, and a 2.5% growth when compared to the same period of the previous year. The figures are from Maxiquim, a consulting firm hired by the Latin American Composite Materials Association (ALMACO).

In terms of volume of raw materials consumed, there was a 6.9% decrease, totaling 55,400 tons, but an 18.3% increase, if we consider the first quarter of 2011. “Composite molders have turned the year with high stocks, which explains the gap between sales and consumption,” says Gilmar Lima, president of ALMACO.

The demand for raw materials was also affected by the increase of automated processes, which indicate rates of waste significantly lower than the manual processes. According to Maxiquim’s survey, the share of manual molding in Brazil fell from 55% in 2010 to 51% last year. “It is an irreversible global trend, primarily supported by economic and environmental issues”.

The survey also indicates an increase of 5.4% in the sector’s revenue in the second quarter, reaching USD 386 million. For this year, sales are expected to total USD 1,594 billion, thus corresponding to an increase of 11.8% – in volume, 224,000 tons (+7.9%). “The main sectors responsible for such growth will be the agricultural and transportation sectors,” says Lima.

In 2011, the construction sector led the Brazilian consumption of composites, with 45% of the total processed, ahead of transportation (18%), corrosion (12%) and sanitation (7%). The applications in wind power – which use special composites based on epoxy resins - consumed 44,700 tons and generated a turnover of USD 312 million.

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