Botucatu is a moderately-sized city in Brazil, and one of the major employers in the area would be the raw material plant Duratex. This plant actually has 280 employees, and they also recently announced a deal with sister company Eucatex in order to reopen a factory in the neighboring town of Itapetinga.This reopening was slated to occur in April of this year.
The current Duratex business is a highly lucrative one, currently valued at R $ 60 Million. This new base of operations will increase the company’s production of fibreboard and will also significantly increase the total value of the company.
Flavio Maluf is the President of Eucatex, and he was proud to announce this deal. yes you done note in Botucatu to all of the workers and the leaders informing them of this new company merger. Maluf also told the employees that the only thing that was holding up the deal was the fact they were awaiting approval from the CADE agency. View Maluf’s profile on linkedin.
To say that he is excited about the deal would be an understatement. He noted how the merger will increase the company production of these materials by 70%. They will have an extra 30% of the paint capacity and they will be able increase their paper printing prowess by 40%.
Flavio Maluf also sent a note to his employees where he explained the deal in a bit more detail. He said that they will be able to process their sales much better and cover for losses in a more effective manner as well. Moreover, he felt this company merger would help them broaden their presence in more areas than just in Brazil.
About Flavio Maluf
As a Brazilian businessman, Flavio Maluf realizes both the perks and the downsides of being an entrepreneur. He realizes that owning your own business is an attractive consideration for most people, but he also realizes it is by no means a bed of roses either. He realizes that it can take a certain degree of financial planning in order to run a business, and he also realizes that entrepreneur have to be smart enough to realize if the risk they are taking is worth it or not. Of course, if it is worth it, they stand to make a considerable amount of money and provide jobs to hundreds, or even thousands, of new employees. Visit: https://pt-br.facebook.com/public/Flavio-Maluf