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.
South American leader in organic peroxides and mold release wax, the Brazilian Polinox works with the expectation to grow between 12% and 15% in 2011. If confirmed, the evolution rate will be lower than in the previous year, when the company’s revenue increased 20%.
“I do not believe in major leaps in the economy, but the scenario is different now, especially because of the new government’s need to adopt measurements to contain inflation”, says Roberto Pontifex, Polinox CEO. Even if the percentage of the previous period does not repeat, the CEO sounds optimistic not only regarding Polinox's performance, but also with the result of the Brazilian composites industry in general. “Both Polinox and most companies operating in this market spent most of 2010 with their plants in full operation. Thus, the comparison basis starts from a very high baseline”. The export share in Polinox’s earnings tends to remain unchanged – it represented 14% of the revenue of 2010. Even trading its products in almost all South America, the company has been losing competitiveness due to the extreme appreciation of the Brazilian exchange rate. “However, in spite of the fact that it is not as profitable to export, we will not lose now the share we took so long to achieve”. Social Responsibility After achieving the environmental certification ISO 14001 last October – a very unusual accomplishment for companies in the composites production chain, either in Brazil or abroad – in 2011, Polinox intends to focus its efforts on social actions. Located in Itupeva, in the countryside of São Paulo, the company is establishing partnerships with social care entities in the region that look after underserved children.
Source : Polinox