Brazilian composites industry posts third quarter revenue growth

The Latin American Composite Materials Assn. (ALMACO) says results are better than the previous summer quarter, but lower when compared to the same period in 2013.

The Brazilian composites sector reported a revenue of $325 million (USD) in the third quarter of 2014, 9.8 percent higher when compared to the previous three months, but 2.4 percent lower than the figures reported for the same period last year.

From July to September of 2014, 51,000 tons of composites were produced in the country, which is 4 percent higher than in the previous quarter. When compared to the amount of material processed in the same period of 2013, however, the performance was 5 percent lower. The figures are part of the latest survey conducted by Maxiquim, a consulting firm hired by the Latin American Composite Materials Association (ALMACO).

For the fourth quarter, Maxiquim estimates a 6.5 percent revenue increase and 3.2 percent increase in the volume produced. For the year, Maxiquim estimates that the revenue in the composites sector should total $1.3 billion (USD), 0.5 percent higher than in 2013, and 206,000 tons processed (-1.8%).

“The growth in the third quarter and the projection that the upcoming months will be even better are associated with the increased demand in specific niches of the construction sector, such as the construction works of schools and houses, in addition to infrastructure, with special mention to sanitation, and investments in wind farms,” says Gilmar Lima, president of ALMACO.

Lima also notes that the jump of almost 10 percent in the revenue of the last quarter is a result of the combination of business involving products of higher value-added and price adjustments driven by the successive increases in raw material prices.

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