US Economic Troubles Draw Brazil Marble Firm to Middle East

Granibras granite Granibras, Granitos Brasileiros, a Brazilian company that sells marbles and granites, sees the Arab market as an alternative for boosting exports and minimizing the reduction in sales to the United States, the company's main market, in the face of the ongoing financial crisis.

In order to showcase its products, Granibras is going to participate in the Big 5, a trade fair for the construction sector, to be held from November 23 to 27 in Dubai, in the United Arab Emirates.

This will be the company's first time at the Big 5. "We have not exported to the Arab countries yet, and we wish to change our focus because of the crisis," said the sales manager at Granibras, Renato Catalano.

Approximately 90% of foreign sales by the company are destined to the United States, which is cause for concern at the company. "I believe that the Arab market is fairing better than the others right now," he said.

According to Catalano, Granibras is going to take approximately 20 types of granites to showcase at the fair. "We are not familiar with the taste of the Arabs, therefore we are going to take various types, from the most basic to the most exotic," he stated. The colors of the stones include white, yellow, pink and green. "There are over 30 types of granite," he said.

Currently, the company exports half its output. "Up until the end of last year, 85% of our production was turned to the foreign market," said Catalano, who peaked at 40 containers shipped per month, and now is down to 15 a month. Besides the United States, Granibras has also shipped its products to Canada and Europe.

"Our production capacity is now 50% of what we can offer, therefore we are capable of expanding and supplying to new markets," said the manager. According to him, Granibras has capacity for processing 20,000 square meters of granite per month and counts on 30 employees. Besides granites, the company also imports marbles and other artificial facing stones, such as herculite (artificial granite).

Betting on the foreign market, Granibras is investing 8 million Brazilian reais (US$ 3.6 million) in a new processing unit in the city of Colatina, in the northern portion of the state of Espí­rito Santo. "The equipment is going to be all new, therefore production capacity is going to be larger, and faster than production in the city of São Paulo. Our focus is going to be exports," said Catalano.

Service

Granibras
Telephone (+55 11) 4524-1149
Website:
www.granibras.com.br

Tags:

You May Also Like

Brazil President Sees Crisis as Chance to Create New Global Economic Order

The president of Brazil, Luiz Inácio Lula da Silva urged unions and workers to ...

Brazil Confirms It Sold Training War Plane to US’s Blackwater

Brazil's aircraft maker Embraer confirmed on Friday, June 6, that it had sold a ...

Brazil: Rio Group Defends Social Justice and Multilateralism

The Ministers of Foreign Relations of the Rio Group have already drafted a series ...

Brazil Shows Its Best at German Dental Show

This year there will be almost four times as many Brazilian orthodontic equipment and ...

High Fever

Shanty towns and poor neighborhoods were more affected by the dengue outbreak. But in ...

Peugeot Citroí«n Celebrating 9.5% Growth in Brazil

Peugeot Citroën Brazil was the Brazilian carmaker that presented the largest growth in 2005. ...

Brazil Joins France to Blame US for Crisis and Demand More Oversight

French President Nicolas Sarkozy in a visit to Brazil and his Brazilian counterpart Luiz ...

Brazil Campaign Doubles Number of Bone Marrow Donors

The number of bone marrow donors in Brazil doubled in the past year, after ...

Brazil’s Varig Goes Earlier to Auction Block in Desperate Attempt to Survive

Brazilian authorities decided to advance to June the auction of Brazilian flag carrier Varig ...

Economic Institute Joins the Bears: Brazil to Grow a Mere 2.3%

Brazil’s Institute of Applied Economic Research, IPEA, downgraded the country’s economic growth forecasts both ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`