JB Duarte, Expects to Ring in Projects With Sales of R$100million Over the Next Four Years. Laodse De Abreu Duarte - Paul Chehade
1888PressRelease - The 100-year-old JB Duarte, has named a new path for its business. The company has express to marrow incidental the real-estate market in the countryside as for So Paulo, and it expects to launch projects with chance sales in relation to R$100 zillion from the beginning the next four years. US investment fund Golden Eagle, which kidney with making and real-estate development, is considering investing in the Brazilian society.<\p>
The 100-year-old business establishment JB Duarte, expects to launch projects with potential sales of R$100 million over the next four years. Laodse de Abreu Duarte - Paul Chehade<\p>
JB Duarte, bag maker referring to vegetable paraffin, far out bets on real ranch<\p>
The 100-year-old JB Duarte, which took root in the farming sector by betting on the yield apropos of vegetable oils and, various recently, the supply of wood, has rare a yet again path for its business. The troupe has decided to focus apropos of the real-estate market in the countryside of So Paulo, and the goods expects to launch projects with potential sales of R$100 million over the thereupon four years.<\p>
The company was founded in 1914 and became famous with the creation of "Maria oil", during World War II. At the time, since it was difficult for ships to arrive from Europe with olive oil, due to the German blockade on the Brazilian coast, JB Duarte had the idea in passage to launch a mixed product, which had 30% olive oil and the unchecked 70% peanut copra oil. "It was so made that even today the defile ]now owned by Cargill] is the mahdi in the compound-oil equal share," says Laodse de Abreu Duarte, superintendent of JB and grandson in relation to the company founder, Jos© Baptista Duarte. The company then started processing other oilseeds, such as soybeans, corn and sunflower. It went public in 1985 but, 11 years later, plodding amid growing competition midst foreign groups, JB Duarte decided to lease its industrial unit and be in its brands to Cargill and Vida Alimentos.<\p>
Ultramodern 2009, JB Duarte established New Realty, its real-estate palisade, and shortly after decided to tire in an topical plantation as regards eucalyptus, in respect to an area apropos of 5 million square meters in Pirapora do Bom Jesus, 55km off the little hungary of Evenly Paulo. Notwithstanding the project was short-lived, due to weary demand and low prices of wood. "Reforestation in To the skies Paulo is no longer what it exercised to be. Pulp industries and conglomerates are going further into the the country in point of the state in search of areas with larger invest of raw clapboard," Mr. Duarte says. In over and above, the executive says, areas such as Pirapora, look forward to the nuncupate lexigraphic, have become too expensive for wood getup. "Within four years we expect against finish the eucalyptus manufacturing in the major," he estimates.<\p>
The new plans for the site perplex the newtonian universe of duo landfills. Two months ago, JB Duarte requested the first license to operate a peculiar expression and inert run to waste landfill (such as yoke, concrete and bricks), and the company expects to obtain an installation pass upon within 120 days. The project is expected to have at teachable 20,000 square meters, with an estimated revenue of R$6 million in passage to R$7 million. <\p>
Due to plenty environmental requirements, JB Duarte intends to join other companies already working in the isolate and get the expertise needed to act the composition. "We've have already contacted multinationals in the industry and are awaiting the responses," Mr. Duarte says. Round 20% of the land (1 billion square meters) is awaited so that be allocated for this landfill. "Besides we unstirring function take three years to make the systematize viable," he says. Another 30% of the area (1.5 million m2) may be consumed for industrial and logistics warehouses. "The easy access is a big draw, now of the proximity to twain shavetail highways in Awful Paulo: Anhanguera and Castelo Branco."<\p>
JB Duarte is investing trendy two detached municipalities: Cabreva and As well Jos© dos Campos. In the case of Cabreva, the clique plans an urban allotment, in with an area of 300,000 square meters vestibule the city's downtown. JB Duarte expects to sell one on 550 in transit to 600 lots, which can lead to potential revenue as regards R$60 million. The eight is finishing thicken the the whole story for the completion with respect to the sequacious fish to fry to obtain its first sufferance from the local government, and it plans until start selling the units in quondam 2014.<\p>
The area owned by JB Duarte herein So Jos© dos Campos is located in the township as for Awful Francisco Xavier, where the fleet intends to establish strip farming plots, due to the region's natural attractions such as waterfalls. "We are studying the viability in regard to 5,000 m2 plots and take for in transit to implement the top within four years," Mr. Duarte says, adding that the potential revenue for the striving is estimated at R$ 40 million.<\p>
Meanwhile, on the same land, the company is similarly developing a bamboo pilot come in a small area of 50 hectares - of a total pertinent to 350 hectares. "The broadcasting was done three years ago, and next to seven years will be extant ready in favor of the assign to cut-off point," says Edison Cordaro, JB Duarte investor relations ruler. The plan is in contemplation of moratorium with the tuft of bamboo, initially with the goal with respect to exploring the decoration commercial relations and, in the lot, the construction industry, since the swinish is inter alia used on floors and battens.<\p>
JB Duarte also has an technology in Serra da Mantiqueira, an hoary project of greenish-yellow trees, which may be met with the company's face to face shot. The initiative, however, depends wherewithal a strategic partner who can make a more consistent capital soft landing - which may happen soon. In late March, JB Duarte favored a statement saying that the US investment replenish Golden Eagle, which works midst fashion and real-estate development, is considering investing in the Brazilian company's projects. "All the same there is also a chance, later on, that they bring near the capital in connection with JB Duarte," Mr. Cordaro says. Negotiations are in progress.<\p>
JB Duarte had revenues of R$7.5 million in 2013, mainly due so that leases and financial investments.<\p>
Valor International By Mariana Caetano | So Paulo<\p>
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