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Although business for Brazilian sanitation company Mizumo was relatively flat in 1H16, activity is picking up and recovery looks to be around the corner, managing director Hélcio da Silveira told BNamericas.
With a stronger second half of the year, the company's target is for revenue to be up 15% year-on-year, and the trend is expected to continue in 2017.
However, as the pace of recovery is still unclear, recovery could be slow. "In the worst case scenario, we will end this year with stable results," Silveira said.
Founded in 2001 and based in the city of São Paulo, Mizumo builds compact wastewater treatment systems and technical parts. It is a division of Brazil's Grupo Jacto, which has operations in agribusiness, transport, high-pressure cleaning equipment, plastic processing and electric cars, among others.
Meanwhile, Paulo Resende, who is a professor and head of infrastructure and logistics at local business school Fundação Dom Cabral, also expressed optimism during talks with BNamericas this week.
Although Brazil's 2015-16 recession has impacted companies' bottom line, "infrastructure concession-holders and investors are seeing a gradual recovery and expect demand to be on the rise shortly," he said.