RIO DE JANEIRO, BRAZIL – The turnover of over R$500 million (US$125 million) is a historical record for the CDRJ, which reached this figure in the company’s current management.
According to figures released by the company’s Market Intelligence and Statistics Management, revenues were R$64 million higher than in 2018. The data also includes projections for the month of December.
In the Port of Itaguaí alone, the turnover increase was 26.7 percent. The rise was driven by the growth in Companhia Siderúrgica Nacional’s (National Steel Company – CSN) turnover combined with the increase in the price of ore and the dollar.
A further determining factor contributing to this increase was the flow of over 660,000 tons of solid bulk cargo through the Sepetiba Tecon terminal, which had a breakout year.
For the CDRJ’s CEO, Francisco Antonio de Magalhães Laranjeira, increasing the company’s revenues is essential, “the estimate for 2020 is that the pace of growth will be maintained as a result of the constant search for administrative efficiency and process improvement”.
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
Living in or visiting Rio de Janeiro? See this month's events and our Rio de Janeiro city guide with rents, safety and upcoming concerts.
Brazil runoff, Sunday, October 25: Brazil runoff: date, poll closing times and when results start. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.