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13 3.5 to 3.10.2018 “We are experiencing a favorable cycle for the industry and the expectation is for growth in the main segments in which we operate.” According to the executive, in the first two months of the year there was a 5% increase in sales compared to the same period last year. INVESTMENTS - The company will apply 3.5% of this year’s revenue for plant maintenance, in projects to gain efficiency and expansion of the machining area. Rizzo said, however, that if they find new business opportunities other values can be destined for this. The companies in the automotive sector are the main customers of the company, with about 90% of the revenue coming from this segment. It is also worth noting that in 2017 two-thirds of Brazil’s production was exported. In Brazil, the company has operations in Joinville, SC, and Mauá, SP, and two units in Mexico, which were acquired in 2012 . They are specialized in the manufacture of engine blocks and heads. In 2013, the total physical sales volume, consolidated Brazil and Mexico, was 634 thousand 806 tons and reached 490 thousand 504 tons in 2016. Last year, the consolidated volume of tons sold was 554 thousand 479 tons. Rizzo is the current vice president responsible for the company’s automotive business unit and will succeed Luiz Tarquínio Sardinha Ferro, who has held the position of president for 15 years. Graduated in mechanical engineering from FAAP, with an MBA from Indiana University and specializations at FVG and Stanford School of Business, the new president has started in the company for more than 20 years and worked in the areas of engineering and strategic planning. In 2004, he became vice president of sales and marketing. In 2012, he became the vice president of the automotive business unit, responsible for more than 90% of the company’s revenues. CHANGES - The change marks the strengthening of a cycle that began in 2003, when Tarquínio assumed the management of Tupy in order to solve serious financial problems that the company faced. After the initial restructuring, Tupy retook its strategic aspirations and acquired two companies in Mexico. This step gave the company the leading role in the segment of iron blocks and heads for engines.