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At an ending year, it is safe to assume that 2015 will be a good year from an economic point of view, with positive financial indicators, in spite of the significant increased financing costs largely  justified by late payments from many of our clients.

The weight of raw materials and the impact that their price has on many of the economies in which we operate is a well-known fact, which has led us to focus on new contracts that are duly funded.

COBA has been working intensively on the search for new and diverse markets, with satisfactory success, as can be observed in this issue of COBANews. However, it is necessary to deepen our policies for screening of opportunities, giving priority to the financial security of contracts.

We anticipate without doubt that such increased prudence will be justified in the management of the Group’s daily activities of the new year that is just around the corner.

Victor Carneiro
Vice-President of COBA Group


Lx, 30 Nov 2015