The Brazilian economy rebounded and the current domestic situation is positive – especially for Klabin’s business – according to the company’s general director, Cristiano Teixeira. Klabin is Brazil’s largest manufacturer of packaging paper, industrial bags, and corrugated cardboard packaging, an important barometer of economic activity. “We are controlling our anxiety a bit at this moment to transmit the correct message. But it is a fact that the national economy is very strong for us,” said the executive in a meeting with investors. In October, the company’s corrugated cardboard and industrial bags unit broke shipping records and is on its way to repeating this performance in November. Preliminary data from the Brazilian Association of Corrugated Cardboard (ABPO) indicate that shipments of boxes, accessories and sheets totaled 333,800 tonnes in October, with a 2.6% increase in the annual comparison, and up 10.1% when compared to September.
Source: Valor Econômico