Tiger closes factory in Bahia

2016 after melancholy for an exercise in which the Tiger, Brazilian Canon in plastic pipes and fittings for construction, completed 75 years of active duty. In addition to your room balance languish followed with drop in net sales, the catarinense group suffers with the shrinkage of its industrial park in the country, reduced to eight units after the start, on 28 November, the closure of the activities of the branch in Camaçari, Bahia. The closure of the factory, dedicated to the production of tubes and items such as water tanks rotomoldadas for the northeastern region, should unfold. until February next. In the stronghold of the processed plastics for construction, the Bahia plant of goodbye Tiger thickens a low ratio that includes references to weight, manufacturers of PVC pipes and PVC Brazil Majestic, both in judicial reorganization, and the stoppage of Imbralit, water tanks and plastic cement tiles, due to the ongoing restructuring in its controller the group, which also requested Za reorganization. In the background, the Brazilian Association of the industry of building materials (Abramat) reflects the intensity of the recession in the sector review for 12% to its projection of fall in turnover in the sector this year, bookmark before 10% fixed by Walter Cover, President of the entity. As was reported, the decline is the result of the impoverishment of the consumer and credit constraint and real estate launches. In the consolidated balance sheet, the building materials retail, owning 55% of the total sales in the industry, walks to indent 12% this year, while deliveries to the construction companies should shrink 14%, in the Abramat. In turn, Claudio Conz, President of the National Association of traders of construction materials (Anamaco), predicted in the media retracting 6% to 8% in the retail sales sector in 2016.