Deal could mean growth for Plastimagen brand beyond Mexico

By Stephen Downer
Correspondent

Published: November 26, 2013 1:10 pm ET
Updated: November 26, 2013 1:11 pm ET

Related to this story

Topics Latin America, Mexico, Plastimagen

MEXICO CITY —Tarsus Group plc has bought a 50 percent stake in Plastimagen México, one of Latin America’s two largest plastics industry shows, from E.J. Krause & Associates Inc, of Bethesda, Md.

The two have formed a 50-50 joint venture called E.J. Krause Tarsus Events LLC to run not only Plastimagen México but also Expo Manufactura, Mexico's leading metalworking/manufacturing exhibition.

José Navarro, managing director of E.J. Krause de México, an EJK subsidiary, told Plastics News that as part of the deal, which was negotiated over several months, the Plastimagen brand will be used in countries outside Mexico.

Douglas Emslie, managing director of Dublin, Ireland-based Tarsus, said in a news release that the company will work with E.J. Krause to launch “collaborative replications of Tarsus’ brands in Mexico and E.J. Krause’s brands in emerging markets where Tarsus has an established footprint.”

The first effort will be the Expo Comm show in Indonesia, he said.

Emslie said the Mexican exhibition market is “highly fragmented” and “offers exciting potential for growth.” Neither Navarro nor Emslie revealed the financial details of the deal.

EJK bought the Plastimagen brand and those of two other trade shows from Mexican company Oprex SA de CV for $5 million in 2007. Oprex founder Elena Maribona organized 14 shows, starting in 1987.

Many credit her with enabling the $20 billion-plus Mexican plastics industry to present a united front to the world through Plastimagen.

The 19th Plastimagen México show will be held in Mexico City in November 2014 and Navarro said its 36,5973 square feet of “raw” floor space will be sold out shortly.

“We had a Plastimagen-Anipac booth at this year’s K show in Germany and brought back more than 360 potential exhibitors,” Navarro said… “There’s a lot of interest in the Mexican market right now.”

Anipac stands for Asociación Nacional de Industrias del Plástico AC.


Comments

Deal could mean growth for Plastimagen brand beyond Mexico

By Stephen Downer
Correspondent

Published: November 26, 2013 1:10 pm ET
Updated: November 26, 2013 1:11 pm ET

Post Your Comments


Back to story


More stories

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Prices trending up for some recycled resins

July 24, 2014 1:27 pm ET

Plastics News is correcting prices for recycled grades of several commodity resins on this week's resin pricing chart.    More

PetStar doubles capacity at Mexico recycling facility

July 24, 2014 2:10 pm ET

Mexican recycling giant PetStar SAPI de CV, owned by the System of Coca-Cola Bottlers in Mexico, has doubled the capacity of its facility to 130...    More

Image

DSM planning North American nylon plant

July 22, 2014 11:41 am ET

Materials firm Royal DSM NV plans to build a new nylon resin plant in North America, but no decision has been made on the plant's exact location.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events