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
Companies & Associations

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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

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.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 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.

Learn more

Upcoming Plastics News Events

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

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

More Events