TNT forecasts R$1BIL income in Brazil
The Brazilian subsidiary of the logistic company TNT, which registered an income of R$237mil in 2002, 17% up 2001, plans to reach R$280mil, an increase of 20% this year. The group expects the automotive sector, which currently represents 80% of the turnover, to be responsible for 50% and the remainder 50% coming from the electronic products and consumer goods logistic division. TNT forecasts a turnover of R$1bil in 2006, three times up 2002′. In Brazil, the company has clients such as General Motors, Ford, the cigarette manufacturer Souza Cruz, Bosch (stove), besides Xerox. The Brazilian TNT is owned by the Dutch TPG (TNT Post Group), which operates at mail, express orders and logistic markets. TNT has invested 5% of its income in technology and human resources divisions, aimed at expanding.
Copyright: SABI (South American Business Information)
