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Almaco will present to the federal government the Program Investing in Brazil

News International-French

26 Sep 2012

Increasing competitiveness in the composites industry, providing conditions for companies to accomplish their investment plans and thus generate more jobs. These are the main goals of the Program Investing in Brazil that the Latin American Composite Materials Association (ALMACO) will present on Sept/27 to Márcio Holland de Brito, Secretary of Economic Policy of the Brazilian Ministry of Finance.

The hearing will also be attended by the president of the Union of the Industry of Railway and Roadway Materials and Equipment (SIMEFRE), José Antonio Fernandes Martins.

“The more competitive is the composite industry, the more conditions the government will have to comply with its infrastructure goals,” says Gilmar Lima, president of ALMACO.

Lima explains that the hearing in Brasília is to warn the government about the lack of tax equality between composites and other materials. “We will demand the same special tax regime applied to other raw materials consumed by the construction, sanitation, electric power distribution, wind power generation and automotive industries.”

The president of ALMACO also reinforces the importance to review the tax rates levied on the supply and distribution of electricity and natural gas used as inputs for the manufacture of composites. “We will also request the payroll tax relief and the creation of mechanisms that facilitate our access to government credit facilities, like how other sectors do,” he says.

100% national production chain
Last year, the companies represented by ALMACO employed 75,000 people and produced 210,000 tons of composites, with revenues totaling USD 1,426 billion. The construction industry led consumption, accounting for 45% of the total processed, ahead of transportation (18%), corrosion (12%) and sanitation (7%). “Our production chain is self-sufficient, formed by companies that are 100% local or companies that have their own plants in the country. Therefore, all investments are always made locally,” he adds.