Brazil's hosting of the Soccer World Cup finals in 2014 will boost its PVC industry. The major sport event will require construction of sport facilities, accommodations and tourism related establishments and even infrastructure, increasing the demand for PVC.
Miguel Bahiense Neto, executive president of the PVC Institute, told Business News Americas, "It will be a great barometer that will define the consolidation of PVC growth in the country."
Neto estimates a 7 percent to 8 percent increase in PVC consumption in the coming years. Aside from higher PVC demand arising from Brazil's winning the bid to host the World Cup, the state's growth acceleration program, with focus on civil works, infrastructure and sanitation ventures, will further boost the demand for PVCs.
Because of the bright projections, PVC producers Solvay Indupa and Braskem are set to increase their production capacities. Solvay is expected to finish in 2010 the building of a 60,000 ton per year ethanol-based ethylene facility at Santo Andre in Sao Paolo state. Braskem intends to finish within the next two years its production capacity at its Alagoas state factory by 150,000 to 200,000 tons per annum.
Brazil won the right to host the World Cup with no competition since it was the only one to tender a bid, which under FIFA rules mandates it be held in South America in 2014. Sao Paolo had held the World Cup title for five times and was its host in 1950, although Brazil lost the title that year 2-1 to Uruguay.
The joy of snaring the 2014 sport event was expressed by Brazilian President Luiz Inacio Lula da Silva on behalf of the soccer-crazy nation. Lula said, "Soccer is more than a sport for us, it's a national passion."
http://www.allheadlinenews.com/articles/7010239197
No comments:
Post a Comment