Redelease estimates 8% growth in 2011
After a turbulent first half, a period marked by successive increases in the prices of raw materials, Redelease has revised its growth forecasts. Currently, the company – one of the leading distributors of specialty chemicals in Brazil, with strong presence in the composites market – estimates that its annual sales volume should report an 8% growth, in contrast to the 12% estimated in January.
For Roberto Iacovella, CEO of Redelease, the result below expectations has two main causes. “The prices of the products we distribute are undergoing a rising cycle worldwide, and we are facing difficulties to fully pass on the increases. In addition, the composites market has not been having the same performance as last year”.
The Brazilian Composite Materials Association (ABMACO) announced in August that the country should process 211,000 tons of the material, which is 3.2% higher than in 2010.
About Redelease
Founded in 1990, Redelease is one of the biggest Brazilian distributors of chemical products consumed by the composites and thermoplastic sectors. Its portfolio has more than 300 kinds of products, such as release agents from Chemlease, polyester and vinyl ester resins from Ashland, organic peroxides from AkzoNobel and adhesives from LORD, among others.
More information: www.redelease.com.br
