In 2016, Brazil was hit by a wave of economic recession. The data obtained by the Brazilian Institute of Geography and Statistics indicated that the unemployment rate in the country rose to 11 percent in 2016 from 8.5 percent in 2015. One of the most affected sectors by the recession was construction. According to a report published by a Brazilian magazine, the profits realized from the construction industry hit an all-time low last year, rising by merely 2 percent from the previous year.
Flavio Maluf, the president of Eucatex Group, commented on the new developments in the construction sector. He acknowledged that the trend is scary, especially because the building industry contributes to almost 13 percent of the Brazil’s national GDP. Maluf, however, is optimistic that the industry will get back on track this year, presenting a wind of hope to the unemployed Brazilians and the economy at large.
About Eucatex Group
Eucatex Group is an ISO 9001 certified Brazilian company, established in 1951. Currently, the company specializes in producing ceiling tiles and panels. Upon its establishment, the company only produced soft boards by using eucalyptus as the raw material. Eucatex quickly gained roots in the domestic market, and by 1965, they had opened offices in most Brazilian cities. By early 70s, the company had expanded its operations outside Brazil, having opened branches in Argentina, Germany, England, Netherlands, Mexico, and the US. Around the same time, Eucatex opened a Metal Industrial Unit and a Paint Production Unit.
Today, Eucatex boasts several paint laboratories. Its wide range of products include doors, partition panels, paints, varnishes, MDF and MDP panels, and hardboards. The company has more than 2,000 employees and exports their products to over 37 countries worldwide.
About Flavio Maluf
Flavio Maluf was born in Sao Paulo, Brazil in the year 1961 and is the current president of Eucatex Group. Maluf began his career at Eucatex Group in 1987 when he was employed in the Trade Section of the company. A few years later, Maluf was transferred to the Industrial Section. In 1996, Maluf was appointed to be one of the company’s executives. A year later, Maluf was promoted to the Presidency, a position he holds to date.