Charles Thurston, Latin America Correspondent10.05.17
The $3.4 billion Brazilian paint and coatings industry is guardedly optimistic that a return to sustained growth is finally underway, with broad expectations of a mild 1 percent expansion this year, compared with a retraction of 7.1 percent last year. The test will be whether the upward trend continues, and growth in 2018 firms to an expected 2 to 3 percent level, according to Antonio Carlos de Oliveira, the executive president of Abrafati, the Brazilians Coatings Manufacturers’ Association.
The 15th annual Abrafati show is being held in Sao Paulo this week, where an estimated 12,000 attendees are doing business, trading technical information and meeting potential new partners, especially the many new exhibitors from China.
The hope that the market has finally turned up is supported by the first semester 2017 GDP growth of 0.7 percent, the first instance of two consecutive semesters of growth since 2013, noted Freddy Carrillo, the president of Sherwin-Williams no Brasil and the president of the Abrafati board of directors. The overall economy is expected to warm to a 2.3 percent level in 2018, at the same time that inflation and interest rates ar
The 15th annual Abrafati show is being held in Sao Paulo this week, where an estimated 12,000 attendees are doing business, trading technical information and meeting potential new partners, especially the many new exhibitors from China.
The hope that the market has finally turned up is supported by the first semester 2017 GDP growth of 0.7 percent, the first instance of two consecutive semesters of growth since 2013, noted Freddy Carrillo, the president of Sherwin-Williams no Brasil and the president of the Abrafati board of directors. The overall economy is expected to warm to a 2.3 percent level in 2018, at the same time that inflation and interest rates ar
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