Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
Pellets production in quarter four last year was the biggest ever at the Brazilian company’s manufacturing plant in Sohar, at 2.5 million tons.
The rate is the weakest since 2010 for large businesses, according to a survey conducted by the National Federation of Industry (CNI). Ten percent of industrial companies that planned to invest didn’t.
The unit saw USD 8 million in investment and can produce 72,000 tons of cellulose paste per year, using technology developed by FibraResist, an arm of business conglomerate Grupo Cem.
Output increased in most of the 14 regions surveyed by the Brazilian Institute of Geography and Statistics (IBGE) in December. The states of Rio Grande do Sul and Ceará displayed above-average performance.
Revenue from foreign sales reached USD 809.8 million in January, industry association Anfavea said, with shipped amount going up 56%, in the best performance for a January since 2008.
The foreign market accounted for more than half the sales volume for the pulp and paper manufacturer in the fourth quarter of 2016.
Output had shrunk for all four major categories by the end of 2016, but was up 2.3% in December from November.
The company exported 348 trucks to the Middle East and North Africa last year. In 2017, the goal is to increase shipments in more than 100%.
Last year, 670,000 units were produced in Brazil. Exports increased 27% to 8,400 units.