Bruno Schenone, general director of Corporacion Peruana de Productos Quimicos (CPPQ), part of Grupo Brescia, is about to oversee his firm's seventy-fifth birthday celebrations, happy that CPPQ's sales have risen 140% over the last four years but concerned about the future of the paints sector. Schenone says that any attempt at growth could eat into margins across the Peruvian sector (which posts an annual turnover of US$150mil with CPPQ providing just over a third this year, US$52mil compared with US$43mil). The chemicals (paints) firm now makes 12% of its money from new products, having consolidated its brands portfolio. In the last three years, CPPQ has invested US$3mil in the implementation of security systems at its plants in Brena and Nana, the construction of laboratories and the expansion of its factory and warehouse capacity. In January, 2008, CPPQ's chemical materials plant wil grow by 40%.
Publication: SABI - Business News
Provider: South American Business Information
Date: December 24, 2007
12/25/07
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