Providencia sales up on new lines
Published December 6, 2012
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Sales volumes hit 26,100 tons in the third quarter of 2012 at Companhia Providencia, an increase of 14.6% compared to last year. The increase was attributed to the company’s first U.S. production line reaching full capacity as well as beginning sales from a new line in Pouso Alegre, Brazil, which began operation in June 2012. Sales increased 16.8% to R$166.7 million ($81 million) while profit was R$52.4 million ($25.5 million), up 11.5%.