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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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.
Purchases declined by 10.1% in the four months through April, industry association Abiquim said. Imports also slid.