Breaking News

U.S. line benefits Providencia's results

December 2, 2011

Companhia Providencia reported its sales volumes were 22,700 tons during the third quarter, reflecting a 15.3% increase from the prior year.

This increase was due largely to the start-up of the company's first U.S. production line, which has already contributed 5530 tons in sales in the first nine months of the year and generated a positive result in the third quarter. Revenues reached R$142.8 million during the same period, 22.4% more than the third quarter of last year.

At a meeting of the board of directors on September 20, approval was given to the full prepayment of 15,000 of the company's debentures trading in the market, that took place on October 31, 2011. The balance of the principal totaled R$100.5 million.

  • Latin America: A Region in Flux

    Latin America: A Region in Flux

    Karen McIntyre, Editor||February 2, 2017
    Region looks to recover in 2017 but changes in U.S. trade policy could pose setbacks.

  • Needlepunch Nonwovens Report

    Needlepunch Nonwovens Report

    Tara Olivo, Associate Editor||February 2, 2017
    This versatile technology continues to replace fabrics typically used in automotives, filtration and more.

  • Personal Care  Wipes Market

    Personal Care Wipes Market

    Tara Olivo, Associate Editor||February 2, 2017
    Specialized wipes continue to emerge in this growing segment.