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Article: Brazil : textiles sector can be harmed by power rationing program.
- Article from:
- South American Business Information
- Article date:
- July 20, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Jul 19, 2001
The Argentinean crisis, the devaluation of the currency Real, high interest rates, and the energy power rationing program may harm the Brazilian textiles producers. Companhia de Fiacao e Tecidos Cedro Cachoeira invested to double production, currently estimated at 1.6mil m per month. The company had plans to increase turnover by 13%-15% in 2001, compared with R$265mil reported in 2000. For 2001 first quarter (January-March) net sales was R$35.45mil, against R$43.51mil in equal period of 2000. Teka predicts 12% growth on its performance in 2001, compared with 2000 when it claimed R$391.5mil turnover. In 2001 first quarter the company reached ...
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Article: Brazil: Globex to be harmed by power rationing ...
South American Business Information;
August 16, 2001 ;
437 words
... ... market analysts. The consumer electronic equipment and household appliances are the less sold products due to the power rationing program. Globex reported a raise on the sales of 19,8% amouting to R$619.53mil if compared with 2000" first ...
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