FlávioMaluf Leads Eucatex to Profitable Deal with Duratex

Born in São Paulo, Brazil (December 2, 1961), FlávioMaluf is a highly successful entrepreneur and businessman. Mr. Maluf currently serves as Executive President at Eucutex SA. Eucutex was founded in 1951, and was one of the first Brazilian companies to have a mindset of environmental conservancy at the same time as providing building materials from Brazil’s forests. Historically, Euctex has provided ceiling tiles and panels made from the eucalyptus tree. Visit Flavio Maluf on facebook.

Recently a new business arrangement was struck between Eucatex and Duratex. (see:”FlávioMaluf explains business between Eucatex and Duratex involving factory in Botucatu” — BOCTUC@TU ONLINE — by: HaraldoAmarai, February 01, 2018 http://www.botucatuonline.com/2018/02/01/flavio-maluf-explica-negocio-entre-eucatex-e-duratex-envolvendo-fabrica-em-botucatu/ ). Duratex is a publically traded Brazilian firm founded in 1961. The company specializes in the production of reconstituted wooden boards, sanitary vitreous chinaware and metal fittings.

Flávio Maluf sees this business venture as highly strategic and of benefit to Eucatex and the company’s employees. In a memo written to the employees of Eucatex, Mr. Maluf explains that Eucatex has acquired the wood fiber unit of Duratex which is located in the city of Botucatu, Brazil. He points out that the acquisition will result in an increase in production capacity for Eucatex. Fiber sheet production is forecast to increase by 70% and paper printing by 40%. Furthermore, the addition of this unit from Duratex will allow Eucatex to move into markets they are not currently serving and to strengthen their presence in Brazil and abroad.

This business arrangement is designed to benefit both sides. As part of the agreement, a farm in Capão Bonito will be given to Duratex. This will be utilized by Duratex for raw production to add to the production from their facility in the city of Itapetinga. The value of the production unit in Botucatu has been appraised at $60 million Brazilian Real (approximately $16.6 million U.S. Dollars). Currently, the operation in Botucantu employs 280 people. The production of thin sheets of wood from this unit is estimated at 200 thousand square meters.

A market leader in Brazil, poised for growth worldwide, Eucatex celebrated their 60th anniversary in 2011. Read: https://www.mundodomarketing.com.br/noticias-corporativas/conteudo/108970/conheca-com-flavio-maluf-algumas-dicas-para-administrar-uma-empresa-familiar

 

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