Diversifying is important: investing in new businesses (such as tanning) and closing non-relevant ones (cosmetics). The concept was explained by André Sabará, general director of Brazilian chemical holding Grupo Sabará, with regards to the results of 2022. The group had its record year, closing with a turnover of 323 million real (or 61 million euro). The result was achieved also thanks to the rationalization of activities enacted in the last two years.
A foot in the tanning segment
Grupo Sabará is mainly a chemical company, and its general director, while commenting the financials with online news source Petronoticias, explained that the core business remains the same. The group attributes a good portion of its recent success to the growth of BioE, business unit specialized in the production of chlorine dioxide, is the only one in South America producing chlorine sodium.
But the group’s strength consists in the speed with which it is able to adapt its operations to the market’s needs. The group, for example, has perfectioned the sale of a subsidiary company that was making natural ingredients for the cosmetic industry. Yet, the company has increased its presence within “agribusiness, food & beverage, sugar and alcohol”, reported the director. Even more relevant, it invested in new industries: tanning and textiles.
Photo from the company’s website
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