Mexico's Xito invests $4 million to add PET sheet capacity

By Stephen Downer
Correspondent

Published: August 23, 2012 6:00 am ET

Related to this story

Topics Packaging, Film & Sheet, Thermoforming

MEXICO CITY (Aug. 23, 1:30 p.m. ET) — Extruder and thermoformer Xito SA de CV has invested $4 million in a new PET sheet extrusion line which will almost double its current production capacity of 19 million pounds a year.

According to owner and chief executive Norman Wright, Xito will increase its sheet production capacity by 17 million pounds a year with the new line, acquired from a European supplier whose name Wright preferred to keep to himself and started up this month.

Since launching the company in the municipality of Atizapan de Zaragoza, near Mexico City, in 1990, Wright has invested $9 million in sheet machinery, he told Plastics News by email.

“This next semester we expect a [business] growth of 45 percent based on our new sheet line,” he added. “We feel that, with our proven quality and new capacity, our exports to the U.S. will gain significantly.”

Eighty-five percent of Xito’s production is for the Mexican market, 10 percent is exported to the United States and 5 percent to Central America.

Xito employs 150 and produces sheet from either recycled or virgin PET with or without a sealable PE/EVOH barrier.

It can make large master rolls as well as smaller rolls for vacuum formers or thermoformers that need specific sizes. Gauges run from 8-40 mils.

Xito also thermoforms PET sheet into cake domes and food containers. The company uses sheet with an inner layer of recycled PET in that application, Wright said.

Most of the company’s sheet is made from hot-washed PET flake, supplied by sister company Petall SA de CV, which is located nearby.

Petall is one of several other companies owned by Wright. The others are disposable plastic cutlery maker Xactico SA de CV and distributor Wow Plastics Inc, whose warehouses include one in Rosenberg, just south of Houston.


Comments

Mexico's Xito invests $4 million to add PET sheet capacity

By Stephen Downer
Correspondent

Published: August 23, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that...    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling....    More

Image

Global market for plastic containers to top 46 million metric tons by 2021

July 22, 2014 10:56 am ET

German research company Ceresana has released a study saying that it expects the global market for plastic containers to rise to 46.2 million metric t...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events