APLA '10: Brazil Quimisa sees 15% revenue growth in 2010

07 November 2010 14:37  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Brazilian distributor Quimisa expects revenues to grow by at least 15% in 2010, the company said on Sunday, citing strong demand for chemicals in all sectors of the nation's economy.

Quimisa is a large distributor of caustic soda in Brazil, but it also sells propylene glycol (PG) and chlorinated solvents among other chemicals.

“Revenue growth is being driven by higher prices and increased volumes,” a Quimisa official said on the sidelines of the 30th Latin American Petrochemical Association (APLA) annual meeting in Rio de Janeiro.

The Brazilian economy is moving at full-throttle and demand is very strong in both the construction and manufacturing sectors, the official said.

Brazil's GDP should grow by 7.54% in 2010, among the fastest in Latin America, according to projections by the International Monetary Fund (IMF).

Brazilian growth will slow down in the coming years, but the IMF still expects the country to grow at around 4%/year through 2015.

The 2010 APLA conference opened on Sunday with nearly 800 delegates from 33 countries. It lasts through Tuesday.

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By: William Lemos
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