Brazil hopes to close its plastics machinery trade gap

05/23/2013

Although a stronger real is adding some headwinds, climbing 25% in the last two years, the Brazilian plastics machinery industry continues to see gains in its exports, particularly within Latin America, thanks in large part to an assist from its machinery association and the Brazilian government.

That assist comes in the form of the Brazil Machinery Solutions program, which is a joint effort between the Brazilian Machinery Association (ABIMAQ) and the Brazilian government's export program, APEX. Of the approximately 1500 companies that are in ABIMAQ, 200 participate in Brazil Machinery Solutions, with plastics related machinery being one of 26 subsectors among things like machine tools, textile equipment, and agricultural machinery. Those who have participated have benefited, seeing their exports jump 240% over 5 years, according to ABIMAQ President Klaus Curt Müller. There are 109 ABIMAQ companies at Feiplastic 2013, and of those, 30 are participating in the Brazil Machinery Solutions program....
Read more