Votorantim Industrial’s steps to reduce debt and expand outside Brazil will help the nation’s largest diversified industrial conglomerate maintain current profitability levels in a challenging year, Chief Executive Officer João Miranda said on Tuesday.
São Paulo-based Votorantim, which has interests in sectors from cement and aluminium to agribusiness and energy, will keep privileging cash generation over expansion as economic and political turmoil stay high in Brazil, Miranda said in an interview to discuss last year’s financial results.
