The Brazilian company will increase its department of Specialty Chemicals by 10%, and the additional will serve primarily to meet the demand from the Arab countries. Nitrocellulose is one of the company’s main products.
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Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
Brazil’s purchases of chemical products came out to USD 4.5 billion in the July, a significant increase from June.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Foreign purchases reached USD 3.6 billion in January, a growth driven by more purchases of fertilizers feedstock.
Purchases of chemical products reached USD 15.6 billion from January through May in Brazil. The trade deficit is causing concern in the local industry.
