Brazilian Composites Industry Earnings Drop 1.7%
The second quarter performance reportedly led Maxiquim to revise its projections for 2011. Now, the company estimates that revenues will increase 7.9% in the composites sector, totaling $1.740 billion; the previous expectation had been an 8.2% increase. In terms of volume, Maxiquim estimates that Brazil will process 211,000 tons, 3.2% higher than in 2010 but lower than the initial estimate, which was 214,000 tons.
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