GIMAV Members to Attend Glass South America 2018

A delegation of GIMAV members, in partnership with the Italian Trade Agency, plan to attend Glass South America 2018, May 9-12 at the São Paulo Expo Exhibition & Convention Center in São Paulo, Brazil. At the last edition in 2016, 15 GIMAV-member companies occupied more than 400 square meters of exhibit space in the Italian pavilion.

“For Italy’s flat glass and hollow glass sectors, South America and, especially Brazil, are strategic markets in which we have long been invested, despite the volatile economic and political situations that have troubled the area in recent years,” says Laura Biason, director of GIMAV. “Our perceptive business leaders were able to see beyond the difficulties and now, the loosening of the recession and Brazil’s albeit moderate economic recovery translate to encouraging margins, also thanks to the introduction of structural reforms that pave the way for future optimism.”

Biason confirms what the Association’s Study Center has recorded during the last 12 months.

“In terms of turnover, South America is clearly in recovery, with more than 22-percent growth compared to 2015 and a 7.5-percent share of the total,” she says.

Regarding exports, Brazil is currently positioned in 12th place in the ranking of the 15 top destination countries for Italian glass processing machinery, systems and products, bringing its overall share to more than 2.4 percent. For flat glass there is still a slight drop compared to previous surveys, with a share of turnover of 2.9 percent compared to 2015. Hollow glass finds itself in a more encouraging upswing that sees Brazil powering its way into the ranking of the primary destination countries, climbing from 29th to 13th place in just one year, with a 2.13-percent share of total Italian hollow glass exports.

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