JEC Group have brought together the international community of composites leaders and executives in our Composites Circle as an unique networking opportunity to meet with both peers and future partners.
Between July and September, the revenue of the Brazilian composites sector totaled USD 407 million, which corresponds to an increase of 1.4% in comparison with the previous quarter. When compared to the same period of the previous year, it is 9.8% higher. The consumption of raw materials also increased: from 45,500 to 55,700 tons (+22.3%).
The data are part of a survey conducted by Maxiquim, a consulting firm hired by the Brazilian Composite Materials Association (ABMACO).
For Gilmar Lima, president of ABMACO, the recovery is a result of the positive phase experienced by the automakers of buses and trucks. The transportation sector is the second largest Brazilian consumer of composites, only behind the construction sector – accounted for 16% of the total processed in the country in 2010.
“Road supplies and agribusiness are also undergoing a favorable scenario in general, as well the growing demand from the wind power generation and construction markets”. The construction market, however, has evolved at a pace slower than expected, due to the delayed release of funds from the government programs. “But the expectations are very positive for the upcoming months”, says the president of ABMACO.
According to Maxiquim’s survey, Brazil should consume 208,000 tons of composites materials this year, which is 1.8% higher than in 2010. On the other hand, the sector’s earnings, due to the successive increases in petrochemical inputs, should close at USD 1,625 billion, 10.2% higher than in the previous year.
About ABMACOEstablished in 1981, the Brazilian Composite Materials Association (ABMACO) represents the entire production chain of composites or fiberglass reinforced polyester (FRP), a material that has over 40,000 applications cataloged worldwide, from water storage tanks to pipes and aircraft and rocket parts. Presided by Gilmar Lima, General Director of MVC Soluções em Plásticos, ABMACO has about 300 members and holds, together with Institute for Technological Research (IPT), the Composites Technologic Center (CETECOM), the largest of its segment in Latin America.
More information: www.abmaco.org.br