Chema to post 60% revenue growth in 2008

Peruvian industrial group Chema hopes to end 2008 with revenue growth of 60% to end up with sales of US$15mil, says its head of the technical-commercial department at the firm, Percy Morales. This looks set to be the fourth year in a row that Chema has posted such high levels of growth but for 2009 the target is just 30%.

The operation has grown its provincial sales to the extent whereby they now represent 40% and not 20% of production. Exports should be rising soon since Chema only exports 5% of its output to the US, Costa Rica and Colombia at present. The firm is looking into building two new plants outside Lima since currently it runs three shifts and is at 100% of its installed capacity.

Publication: SABI - Business News
Provider: South American Business Information
Date: October 30, 2008