Iharabras seeks to double Brazilian market share
The Brazilian Japanese agrochemical joint venture, Iharabras (Sorocaba), is to invest more aggressively than it previously has in the Brazilian market, business newswire Valor Economico reports. It seeks to double its national market share to 7% over the next five years. The company has committed to invest $26 million by 2014. Iharabras president Julio Borges Garcia says the company has performed “satisfactorily”, justifying at least that level of investment. “That [$26 million] is the value that will definitely be applied, but an additional amount may also be made in the next few years,” he added.