Brazil’s economy is showing signs of life once again. The figures coming out of Brasilia are still negative, but the export business increase by 1.3 percent in August and the trade deficit shrank by more than 30 percent in the first nine months of 2016. That is the second-best showing since 1997. The growth in exports is an encouraging sign for the businesses in Brazil that ship products to other countries. The automotive industry keeps getting stronger, and the food, drink and tobacco industry are posting positive figures as well. But energy, raw materials, and the non-chemical industries are still having trouble. The economists are still predicting flat GDP growth in 2017, but according to Flavio Maluf, the CEO of the building material supplier, Eucatex, 2017 may surprise those economists.
Foreign investors are feeling better about Brazil. Companies like Microsoft, General Motors, Ford and Google believe there’s money to be made in the largest economy in Latin America, and Maluf agrees with them. Even though Brazil’s construction business is soft, Maluf’s company is manufacturing more products for countries like Sweden, India, and the United States because of new construction projects in those countries.
Eucatex is an environmentally friendly building supply manufacturer that uses renewable energy in all company factories and offices, a huge advantage for them now that Flavio says the economy is on the rise. The company also owns a eucalyptus tree forest, so it can replace the trees the company uses for some of their branded products. Flavio Maluf is a sought after speaker and environmentalist that helps other companies set up an eco-friendly workplace. President Michel Temer recently signed the Clean Air Agreement and Maluf is one of the entrepreneurs that is bringing the message to businesses in the large Brazilian cities. Eucatex is based in Sao Paulo, and Maluf is very active in improving the air quality and the recycling programs in that city.
Brazil is on the verge of a recovery, and Flavio Maluf is one of the business leaders that is responsible for making that a reality, especially in the state of Sao Paulo. Follow along with his career, and what Flavio is doing next on his official website: http://flaviomaluf.com/