Since the beginning of 2015, the confidence in the growth of Brazilian industry has steadily fallen. Businessman Flavio Maluf boasts optimism in the growth of the Brazilian production in the coming months, with the numbers backing him.
In September of 2016, there was an increase of 2.1 in the index bringing it to the highest point since July of 2014. This index is created by analyzing the opinions of executives regarding the previous six months of industry activity. Learn more about Flavio Maluf on ideamensch
The reason for this improvement in the opinions of prominent entrepreneurs boils down to a few points. The overall view that stock prices are “very high” has dropped to 12.7 percent from 14.1 and Installed Capacity Usage Level increased by 0.9 percent reaching 74.7.
Flavio Maluf points out that the executives that regard stock to priced low are at the highest percent since 2013 reaching 7.3. This means that the overall worth is much lower than the public opinion, adding more credence to the rise of Brazilian industry.
With all of the data presented, there should be a soft improvement in production leading to a slow but steady recovery. Even though the current number is not considered good, the increase bodes well for the Brazilian economy.
Flavio Maluf was born into a wealthy family but did not let his families wealth define who he is. Flavio attended Armando AlvaresPenteado Foundation where he graduated with a Mechanical Engineering degree. With the help of his degree, he was able to build up the company Eucatex.
Flavio Maluf can credit the idea for Eucatex to his great-grandfather Salim and the successful sawmill that he owned in Latin America in the 1940’s. In the 60’s, his father and uncle turned the sawmill forests into a wood fiber lining industry that became the backbone of Flavio’s successful entrepreneurship. The name Eucatex is derived from the type of wood that the company uses in its production, Eucalyptus.
Flavio boasts that the key to success is to anticipate trends. Eucatex was the first company in the world to offer environmentally-friendly products in the early 2000’s.