Flavio Maluf is a mechanical engineer and successful Brazilian businessman. He serves as the President for both GrandFood and Eucatex and owns the Golden and Premier Pet brands. His father is the politician Paulo Maluf. Flavio Maluf took the time to explain the business between Duratex and Eucatex regarding the Botucatu factory.
Duratex and Eucatex will be conducting business between the companies. Eucatex will be providing a Capao Bonito farm in exchange for think sheets of wood produced in Botucatu. Duratex will be remaining with farm so raw materials can be produced. This business is worth roughly R $60 million. The Botucatu plant has a high production rate and employees 280 people. The production in the Itapetinga factory will be resumed by Duratex in April. Follow Flavio Maluf on Twitter.
As the President of Eucatex, Flavio Maluf issued a statement to inform the Botucatu leaders and workers about the deal. He said CADE should approve the business. The production capacity of fibreboard will increase seventy percent, the paint capacity thirty percent and the paper printing forty percent.
He began his note by announcing the acquisition of the wood fibre sheet unit from Duratex located in Botucatu. He then spoke of the increases in the products of the facility. He stated maintenance and sales could be planned better and the process losses would be decreased. He mentioned strengthening their presence in the markets both abroad and in Brazil in which they are not currently operating.
He said they were waiting for regulatory approvals from CADE before they could begin. Once approved he plans to capture numerous product opportunities for all the units in the group. He said the incorporation of the plant will open both indirect and direct job opportunities. Their position in all operational markets and abroad will be consolidated. He closed by stating he was counting on collaboration to make the opportunity successful.