Consultant warns of plastics slowdown in Mexico

By Stephen Downer
Correspondent

Published: March 22, 2013 2:21 pm ET
Updated: March 22, 2013 2:23 pm ET

Related to this story

Topics Automotive Packaging Materials Materials Suppliers Mexico
Companies & Associations

MEXICO CITY — January retail figures published this week by the Mexican government's statistics institute show practically zero growth in the sale of food, drink and other domestic items that use plastics heavily, according to industry consultant Eduardo de la Tijera Coeta.

In an open letter to members of the industry, he writes that the figures indicate the Mexican economy is slowing down and that plastics consumption in Mexico this year may contract.

"In 2013 we cannot aspire to growth in the consumption of plastics larger than last year's 5.3 percent," he wrote. "On the contrary," he adds, "growth may be at least one percentage point down" on last year's.

He warned that the situation will affect not only Mexico's plastics processors but also raw materials suppliers, and he urged the industry to embark as quickly as possible on efforts to recover market share by substituting imports.

"To achieve this, we need to organize ourselves and pull together, since trying to go it alone will achieve little and will make the task more difficult and less profitable."

The survey of Mexico's commercial establishments in 37 cities, published March 21 by the Instituto Nacional de Estadística y Geografía (Inegi), reveals a 1.8 percent growth in retail sales in January compared with the same month in 2012, thanks largely to a 14 percent increase in the sale of automobiles.

But De la Tijera points out that elsewhere sales were "practically zero" — including food (+0.1 percent), drinks (+1.6 percent), self-service stores (+0.2 percent), while those of furniture and household products in general were 6.8 percent down.

De la Tijera is president and CEO of Grupo Texne, of Mexico City, which offers consulting services to the chemical, petrochemical and plastics industries. He was president of plastics industry association Anipac (Asociación Nacional de Industrias del Plástico AC) for two years between 2006 and 2008. End


Comments

Consultant warns of plastics slowdown in Mexico

By Stephen Downer
Correspondent

Published: March 22, 2013 2:21 pm ET
Updated: March 22, 2013 2:23 pm ET

Post Your Comments


Back to story


More stories

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

Image

DuPont exec: Still lots of lightweighting needed in the auto industry

March 23, 2015 6:00 am ET

In that role, Jeffrey Sternberg is responsible for bringing the breadth of DuPont advanced materials — as well as renewably sourced materials...    More

Image

How Faurecia made over a relic

March 23, 2015 6:00 am ET

Everything about Faurecia SA's interior trim plant in Saline, Mich., is big.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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