I have had a plant in Bahia for 20 years. For us, this was the best decision of our lives because Bahia is the number one state in the Northeast, in addition to its proximity with the Southeast, the entire Northeast, the North, and the Center-West regions. We ship goods every week in all directions. And the time of delivery is much shorter because we are in Bahia, not to mention the issue of abundant workforce and its mild climate. Bringing a furniture hub to Bahia will greatly improve our lives: We are starting to have a much more skilled workforce and abundant products as well.
The State of Bahia is strategic and essential for the productive process of Paranapanema. It is in the Port of Aratu that our raw material, the copper concentrate, which contains about 30% of the metal, arrives. Subsequently, the material is destined for our plant located in the municipality of Dias d'Ávila. The plant has the capacity to transform 280 thousand tons of copper per year. There, cathodes, wires and rebar are produced with 99.9% pure Caraíba copper. The materials manufactured in Bahia are marketed to various Brazilian industries, as well as to the foreign market, with trading in the London Metal Exchange, taking the name of Paranapanema and Bahia to the world. In addition, the products made in Bahia are sent and processed at the other two Paranapanema plants, one in the State of São Paulo and another in Espírito Santo, where they are transformed into tubes, bars, connections and laminates of copper and its alloys, among others . We have about one thousand highly qualified and engaged employees in Bahia. Within the premise of sustainability, rather than adopting industrial processes, the company invests in the humanization of employee attendance, improvement of the organizational climate, permanent improvement of its socio-environmental responsibility programs and support of local communities. As can be seen, Bahia has a fundamental role in the entire production chain of Paranapanema. We hope to strengthen this partnership so that the company can strengthen its bases, expand and strengthen its activities, without giving up its social and environmental values, contributing to the development of the State.