Policom grows 40% in 2010, looks for 15% more in 2011

Wednesday, January 19, 2011

Brazilian cabling solutions firm Grupo Policom grew revenues 40% to 120mn reais (US$71.9mn) in 2010 and expects to increase sales 15% to 140mn reais in 2011, the company said in a statement.

The group's Sao Paulo unit, which grew 80% last year, drove the overall surge, with its other four divisions registering 5-10% growth.

Policom returned to expansion after revenues stagnated at 91mn reais in 2009, as the global economy declined and Policom's principal patrons in the corporate market slowed spending, the company said.

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With the 2010 results, Policom plans to increase its workforce by 30% in 2011, according to president Gilmar Miralha.

Last year, Policom invested 300,000 reais to launch a solution center, which serves as a showroom for its offerings and as a training lab for employees and partners. Policom sells cabling solutions for voice, data and TV services, among other usages.