Mexico boosts estimate for plastics industry growth to 9 percent

By Stephen Downer
Correspondent

Published: November 28, 2011 6:00 am ET

Related to this story

Topics Materials, Public Policy, Suppliers, Sustainability, Blow Molding, Film & Sheet, Injection Molding, Pipe/Profile/Tubing, Recycling, Rotomolding, Thermoforming

MEXICO CITY (Nov. 28, 1 p.m. ET) — Mexico’s plastics industry association has revised upward its 2011 growth estimate for the sector.

In early October it was talking about a possible growth of 6 percent. Now it says 9 percent is likely, notwithstanding a deceleration in the national economy in recent months.

Eduardo Martínez Hernández, president of the Asociación Nacional de Industrias del Plástico AC (Anipac), also believes the sector’s growth will probably hit double figures in 2012, despite it being a presidential election year, when investment generally slows.

“The industry will grow 9 percent this year, despite the fact that in the past four months it has suffered a slowdown because of the difficult economic climate,” Martínez said in an Anipac news release.

The release coincided with the association’s annual convention in Puerto Morelos, Quintana Roo, held over the four-day Thanksgiving holiday weekend in the United States, a subtle admission that Mexico’s economy is closely tied to that of the U.S.

Martínez said 4,200 processors, 96 percent of whom are micro, small or medium-sized businesses, processed 6 million metric tons of plastic for the domestic market, representing $20 billion in sales, during the year.

The most lucrative business was in the automotive, construction, services, pharmaceutical and packaging segments. Processors invested $1.8 billion in machinery purchases and added 15,000 jobs to the employee roster of 150,000 in 2010, he said.

Martínez urged Mexico’s federal, state and municipal governments not to waiver in their recycling efforts and claimed 17 percent of all rubbish collected across the country had been recycled in recent months, an increase of two percentage points.

“In Mexico 3.8 million tonnes of plastic garbage is discarded every year… but only 1.3 million tonnes of it is recycled,” he said.

According to Martínez, in Mexico City alone 950 metric tons of plastic garbage a day is not recycled. He called on the capital’s government to invest in more recycling plants.

“A culture of garbage separation should be taken for granted by Mexican society but we’re getting there gradually.”

In 2011, Anipac, which has 300 member companies, persuaded Mexico City lawmakers to reverse anti-plastic bag legislation and to embrace recycling.


Comments

Mexico boosts estimate for plastics industry growth to 9 percent

By Stephen Downer
Correspondent

Published: November 28, 2011 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

Gerresheimer opens first development center in China

October 24, 2014 1:34 pm ET

Medical molder Gerresheimer AG has launched a development center for medical plastic systems in Dongguan, China.    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an expo...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events