Flavio Maluf Informs the Employees about the New Business
The companies Eucatex and Duratex will be going into the business from April this year. The president of Eucatex, Flavio Maluf, announced a note that informed the employees and the leaders of the Botucatu firm about the agreement. The terms of the new business opportunity include Eucatex giving the farm in Capao Bonito to Duratex who shall use it for producing raw material. It shall be located adjacent to the Duratex farm that is in Itapetinga. In return, Duratex shall manufacture a line of thin sheets of wood in Botucatu for Eucatex Company. This deal implies that Duratex shall be resuming its production services in the Itapetinga factory.
Flavio Maluf is confident that the business is good for the company. The estimated base of the deal is R $ 60 million. The Botucatu plant has 280 employees, and its annual production is approximately 200,000 m3 per year. By acquiring Duratex, the company shall increase the output of fiber sheets by 70%. The paint capacity and paper printing shall also be boosted by 30% and 40% respectively. See more on Wikipedia.
Flavio Maluf is a trained mechanical engineer and the business professional who has served in various capacities in Eucatex Company. His vast experience in Eucatex, mainly as the Chief Executive Officer means motivates his employees to have confidence in his work. In a letter addressed to his employees, Maluf emphasizes the need to engage in planning. He urges the workers to embrace the new deal because it will enable them to forecast the sales and maintenance as well as lower any losses. The President also asks the staff to remain open-minded and embrace the new opportunity because it shall allow the firm to diversify to other international platforms such as Brazil and abroad. Besides, more jobs shall be created at the new plant and many more regions in the markets that the company will manage to conduct their operations.
Although the business deal between Eucatex and Duratex is subject to approval by CADE (regulatory body), the workers need to remain patient and start embracing the predicted changes.
Executive President Maluf hopes that his employees will be cooperative and support the company in benefiting from this deal.