Brazilian chemical and hydrocarbon solvents producer Carbono Química is focusing on the domestic market in an effort to reduce the impact of the global financial crisis on its business.
"The short-term consequences [of the crisis] are pushing up operational costs, strengthening the dollar and reducing the amount of resources available for new investments. However, Carbono believes there will be more opportunities for growth in the domestic market and it is preparing to supply it," company director Washington Yamaga told BNamericas.
"We have to redefine cost margins and implement productivity programs to compete in the domestic and international markets. The opportunities are in the raw materials produced locally," the executive added.
According to Yamaga, the company has also invested in the development of a sustainable portfolio, which generates new opportunities in the distribution area, such as green solvents.
Carbono has recently partnered with the subsidiary of French group Total to distribute a line of ecologic solvents in Brazil.
The company announced an 8mn-real (US$3.7mn) investment in Brazil over the next three years and forecasts net revenues of 200mn reais in 2008.
Carbono exports to Argentina, Chile, Peru, Colombia and Ecuador, mostly products used in the paint and varnish industries, and agrochemical inputs to Paraguay.
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