In Brazil, Recovery of Highway Implements Sector Still Tentative

Brazilian semi-trailer In Brazil, sales of highway implements are showing signs of recovery. In July, there was a demand for 10,599 units, representing growth of 14.54% in comparison with the 9,253 units licensed in June. The figures were disclosed by the National Association of Highway Implement Manufacturers (Anfir).

Despite the sector's performance having improved for the second month in a row, the president of the Anfir, Rafael Wolf Campos, claimed that the result is not yet sufficient to make up for the losses.

"The result has been positive in the last two months, and that is important to keep the spirits up for companies in the sector, but not enough to compensate our losses. After all, we were faced with plummeting production and sales since September 2008," said the president in a release issued by the Anfir.

Implements of the light type (bodies on chassis) recorded the greatest growth, with 6,898 licensings in July, growth of 18.73% compared with June. As for the heavy type (trailers and semi-trailers), there were 3,701 new licensings, 7.49% more than in the previous month.

From January to July, the industry exported 1,245 units, a reduction of 62.78% in comparison with the 3,345 units shipped in the same period last year.

According to figures supplied by the Anfir, foreign sales remain the main contributing factor to the losses incurred by the sector. "The signals show improvement over the previous months, but we are still way below the levels recorded in 2008," said Campos.

According to him, the exemption from the Tax on Industrialized Goods (IPI) and the change in rules for the line of financing offered by the Brazilian Development Bank (BNDES) have contributed for the improvement seen in recent months.

So far this year, the implement industry sold 59,998 units of equipment in the domestic market, a 21% reduction over the first seven months last year. In spite of the slowdown, Campos stated that companies are maintaining their investment projects.



  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil Raises Key Rate by 0.5% to 12.25% to Curb Inflation

The Brazilian Central bank raised its benchmark interest rate this week for the second ...

At Brazil’s Dalutex Customer Creates Fabric’s Print and Color

Garment manufacturer Dalutex, which has a factory in Sorocaba, in the southeastern Brazilian state ...

Out to the Ball Game, in Brazil

If one of our players makes a mistake he’s an asshole. If a referee ...

No Reason to Be Bullish on Brazil

Amid talks of tax and pension reform and the measures before Congress at the ...

Tired of Waiting for Government Action Brazilian Indians Take Over Land

Tupinikim and Guarani Brazilian Indians who live in the southeastern state of EspÀ­rito Santo ...

Brazil: From Now On All Eyes Will Be on Dilma Rousseff, Lula’s Pick to Succeed Him

This weekend, the Great Transformation project takes off when the Brazilian ruling party of ...

BRIC and IBSA Discuss in Brazil World Peace and the Planet’s Future

For a group of cognoscenti from Brazil, Russia, India and China (the BRICs) it ...

Agribusiness, the Main Drive Behind Brazil’s Surplus

Once more Brazil’s agribusiness trade balance surplus is going to sustain the country total ...

Brazilian currency

Political Uncertainty Keeps Brazil from Getting Better Credit Rating

Latin American markets were mixed, with Brazilian stocks dropping, as data showing a rise ...

Brazil’s Surplus Reaches US$ 21 Billion

With exports at US$ 58.466 billion, Brazil’s cumulative trade surplus for the year has ...