Flavio Maluf is the CEO and president of EucatexS.A.He is a visionary leader, willing to take the risk in pursuit of lucrative rewards in Brazil’s business world. He is therefore so proud to announce the partnership of Eucatex and Duratex. Duratex will resume production of raw materials through Itapetinga plant.
Eucatex and Duratex Partnership
Some years back, Duratex shut down Itapetinga plant which was a rival manufacturing company to Eucatex. The two companies agreed to work together. The agreement was Eucatex will give a land located in Capao Bonito. On the other hand, it will obtain access to the factory in Botucatu which they needed. The firm will manage the property to help in the production of raw material that the firm needs. The plant employs more than 200 employees, and the company can produce approximately 200,000m3 annually. Learn more at mundodomarketing.com about FlavioMaluf
The Big Announcement
On 31st January 2018, Flavio Maluf circulated a press release saying, “Eucatex will be able to plan our sales, maintenance better, and reduce our process losses.” It was released to the public, Duratex and its staff. He indicated that their fiberboard production would increase by about 70% from current size, their capability of paint manufacturing would grow approximately 30% and different paper products would increase by approximately 40%.
He announced this would happen April 2018. This move was for the good of both employees and the communities around.
Duratex plant is now fully functional and generating materials at full speed. While Eucatex increased its installation of building panels by 80% after picking up Duratex. The transaction between the two firms has been fully settled; Flavio Maluf played a major role. However, it still awaits approval by CADE from Brazil. It is not clear if Duratex will be absorbed fully or it will continue to be Eucatex subsidiary.