QUERÉTARO, MEXICO (Sept. 19, 10 a.m. ET) — Tier 1 auto industry supplier Woco Group appears likely to build a second manufacturing plant in Mexico as it aims to keep pace with the rapidly expanding Mexican automotive industry. A spokeswoman for the family-owned German company, whose customers in Mexico include Volkswagen AG, BMW AG and Ford Motor Co., told Plastics News a decision on the plant’s location will be made within 18 months.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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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
This report analyzes the $20 billion 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.