The National Confederation of Industry reported that since mid of this year, the Brazilian economy had registered a slight growth. According to Flavio Maluf, CEO of Eucatex Company, the industry has faced challenges since 2014, but it is slowly improving. Data from the Brazil-based Institute of Geography and Statistics reveals there were 0.3 percent improvements in the second quarter of the 2016 financial year. This growth comes after a series of downfalls and is a clear indication that the market is doing well. This growth is attributed to excellent production performance, changes in inventory adjustment, and improved process of import substitution.
The Gross Fixed Capital Formation is estimated to rise to become the determinant of economic growth. Additionally, the Industrial Confidence Index also revealed a positive increase by 51.1 points compared to the one observed previously. The Brazilian economic recovery may be slow, but it is happening every day. Restructuring of public finances and structural reforms such as labor and social security is the only way to improve this country’s economic status.
Flavio Maluf is a Brazilian citizen and a businessperson. Maluf is an alumnus of Armando Alvares Penteado Foundation where he studied mechanical engineering. He also specialized in Foreign Exchange Principles at New York University, Foreign Trade Principles at EAESP and Business Administration in Sao Paolo. Additionally, he is an expert in accounting and rural management.
Maluf’s role at Eucatex Group and his charitable acts
Eucatex Company was established in 1951 and it specializes in the use of eucalyptus in the manufacturing of panels and sheets. Maluf has been working for Eucatex Group since 1987. As a new employee at Eucatex group, he moved around various departments from the trade to the industrial division. In 1996, Flavio was called upon to serve in the managerial position. In 1997, he was promoted president of Eucatex. Maluf has since restructured the company, making it one of the top companies in Brazil. Under his the management, the company has established other branches in Salto and Botucatu. Maluf, a renowned philanthropist recently, donated to medical maternity by teaming up with Hospital and Maternity LANG Carli to help pregnant women and underprivileged children.