Deal boosts Mexichem fluoropolymer activity

By Stephen Downer
Correspondent

Published: November 28, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

MEXICO CITY (Nov. 28, 3:35 p.m. ET) — Chemical products specialist Mexichem SAB de CV says its fluoropolymer and fluoroelastomer activities have been boosted by the company winning a concession to mine fluorite in the municipality of Múzquiz, in the northern state of Coahuila.

“Thanks to this [contract] award, Mexichem will continue to lead the fluorochemicals market, increasing its competitiveness globally and strengthening its ability to develop the fluoropolymer and fluoroelastomer projects that are part of its growth strategy,” the Tlalnepantla-based company said in a Nov. 27 filing with the Mexican Stock Exchange.

Mexichem said the fluorite deposits in Múquiz potentially total 4.96 million tons, “equivalent to 10 additional years of reserves for Mexichem Flúor,” Mexichem’s fluorite division, the company said.

Flúor says its fluorite mine, Las Cuevas, in the state of San Luis Potosí is the world’s largest, a claim confirmed by international mining company Globe Metals and Mining Africa Ltd. of Malawi, which publishes newsletters for the minerals mining industry.

According to Globe, the world reserves of fluorite are estimated at 240 million tons, with the largest reserves located in South Africa (41 million tons), Mexico (32 million tons) and China (24 million tons).


Comments

Deal boosts Mexichem fluoropolymer activity

By Stephen Downer
Correspondent

Published: November 28, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

China launches investments in Belarus

July 21, 2014 10:10 am ET

China is preparing to invest in a major bottle grade PET production project planned by the Belarus PET and polyester fibers producer...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    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