Business Services Industry
Vale logistic division turns over R$332mil in Q1 2004.
South American Business Information, June, 2004
Brazil, Jun 4, 2004 (Jornal do Commercio/SABI via COMTEX)
The Brazilian CVRD (Companhia Vale do Rio Doce) had a turnover of R$2.134bil in the logistic segment in 2003 and predicts a growth of 11% this year. In the first quarter of 2004 (Jan-March) the segment represented 12% of the company income, with R$332mil. The container handling should increase by 25% this year. The other area that pushes Vale growth is the agriculture. The transportation of farm products boomed 50% in the first quarter of the year. Vale railroads transported 1mil m tons of sugar - four times up the registered in 2003. The company is to order 6,000 wagons until 2008. For 2004 it predicts investments of US$312mil in locomotives and wagons for the EFVM (Estrada de Ferro Vitoria-Minas), EFC...
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