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

Polypropylene prices rise, while PE and PS fall

February 26, 2015 4:01 pm ET

North American prices for polyethylene and polystyrene resins continued to fall in February, while regional prices for polypropylene showed a...    More

Image

NFM Welding Engineers opens direct office in China

February 26, 2015 2:05 pm ET

MASSILLON, OHIO — Extrusion equipment manufacturer NFM Welding Engineers Inc. has opened a sales office in Dalian, China.    More

Image

Price and sustainability both key to success for carpet recycler

February 26, 2015 1:28 pm ET

DALLAS — A green message will get you in the door, but ultimately that sustainability message has to be backed up with quality at the right...    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is currently...    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