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Exports mitigate Polinox’s downturn in the first half of 2016

News International-French

15 Aug 2016

Foreign sales increased almost 70% in the period

Latin American leader in peroxides, Brazilian company Polinox reported an 8% drop in the volume produced in the first half of this year compared to the same period in 2015. By considering the domestic market alone, the decline would correspond to 13%, but the accelerated demand from other South American countries mitigated the impact of the crisis faced in Brazil.

“There was an increase of almost 70% in exports in the first six months of the year. The concern now is with the foreign currency instability scenario, which hinders even short-term projections,” said Roberto Pontifex, director of Polinox. From the beginning of 2016 to the end of June, the US currency fell from R$ 4 to slightly over R$ 3.

For Polinox, May and June were the first months to overcome the results reported last year, which could mean, according to Pontifex, the long-awaited beginning of recovery. “Historically, the second half tends to be more accelerated for the composites sector. Therefore, we should at least repeat the same performance of 2015.”

Founded in 1960 and certified according to ISO 9001 and 14001 standards, Polinox currently operates an industrial complex in Itupeva (SP) with a monthly production capacity of 360 tons of peroxides.