Tuesday, February 07, 2017

Tiger''s expansion plan Procurement Gunsight

The Tiger, manufacturer of pipes, connections, doors, Windows and tools for painting, design resume its growth in 2017. After falling almost 5% in turnover last year compared with 3.36 billion R$ 2015, the expectation of the company is to grow of 4% in volume and 9% in revenue, in Brazil, and increase of 6% in volume and 13 percent in revenues, including business outside the country. Changes in the economic scenario, as falling interest rates, reducing inflation and opening up loans of tiger in projections cheered by country. Outside of Brazil, the expansion will continue as a goal, especially in the Andean countries. The company reduced the journey of their managers and staff reduction, in 2016. Despite the retail marketing have been stable, the drop in turnover during the year was pulled by sales for builders and for infrastructure.
Acquisition
Recently, Tiger announced the purchase of the control of Fabrimar, a company of metal sanitaryware, who made 125 million R$ in 2015. The Tiger seeks long-term growth with the new thread, since the Fabrimar has the same customer base by offering products that include water. According to the Tiger, the company has products in the wall inside, and metals are the continuation of the wall to the outside. However, the company did not set if the Tiger marks and Fabrimar will be used in the same markets or will act in specific regions. The Tiger follows focused on new acquisitions related to water conservation, wastewater treatment and renewable energy sources.
Giro News - 07/02/2017
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