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The Brazilian company Polinox reported a 5.5% increase in the volume produced in 2013, which corresponded to a 14% revenue increase when compared to the previous period.
According to Roberto Pontifex, general director of Polinox, the apparently positive result should be evaluated with caution. They managed to grow in a very tough year for the composites industry, and they even achieved a greater market share. However, the profit margins were extremely affected by the continuous increase in the manufacturing costs. Approximately 80% of raw materials processed by Polinox are imported or have their prices pegged to the U.S. dollar.The expectation for 2014, says Pontifex, is to achieve a 6% increase in the volume produced by Polinox in Itupeva, in São Paulo – it is the largest Latin American complex for the production of peroxides and waxes. “If the exchange rate does not fluctuate too much, we will be able to recover our margins over the year. And we should intensify the turnover with the other countries in South America.” In general, exports account for 10% of the company’s revenue. Founded in 1960, Polinox manufactures more than forty types of peroxides, including pure formulations and blends. The company is certified in compliance with standards ISO 9001 and ISO 14001.More information:www.polinox.com.br