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FEICON BATIMAT 2009
  Publish: 2009-06-29 09:16:34      Hits: 2693   
 
 
  Rifeng showed up in FEICON BATIMAT, the most professional and largest trade show in Brazil--or even the Latin America of the industry, during March 24 to 28. We recieved many highly qualified visitors because of the show just opened the door to the professionals.
For the climate environment of the country and people's usage, the local market is still
 
not very familiar with Multilayer Piping Systems.
But as one of the first companies that has infiltrated the market for several years, Rifeng is highly recognized by the visitors from every aspect during the event, such as architects, wholesales, contractors, and even the end users.
 
Link: Brazil Infrastructure Report Q2 2009(in brief)
Brazil's construction industry has been hit by the global downturn. However, the government, through its ongoing growth acceleration programme, is working to support infrastructure investments. As a result, in BMI's Q209 Brazil Infrastructure Report it's believed that there will be growth in the value of the construction industry in 2009, of 2.49% year-on-year, reaching a value of BRL139bn.
In the construction sector, the government approved US$152bn for the construction of low income housing over the next 15 years.
  Commercial and tourism construction is also set to get a boost frompreparations for the 2014 World Cup, which ABDIB estimates will cost US$43bn in preparation costs..However, Brazil's construction industry in general is expected to take a hit over 2009. This is due tofalling private sector investment due to difficulties in financing projects and risk aversion in the marketsin general. In addition, the declining macroeconomic climate (real GDP contraction of 0.6% forecast in2009), due to falling demand for Brazil's key revenue   source (exports), will impact demand for construction. Indeed, in February 2009 it was announced that at least BRL10bn (US$4.5bn) of investment into private infrastructure projects had been delayed or cancelled since September 2008. Currently the sector is being propped up by the PAC, the government's growth acceleration programme which - including a boost allocated in February 2009 - envisages BRL642bn invested in infrastructure projects between 2007 and 2010.
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