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 Mexico, Latin America, 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

Heineken swapping out plastic for wood for its pallets in Mexico

September 16, 2014 4:35 pm ET

Dutch brewer Heineken NV is to replace all its wooden pallets in Mexico with a high impact-resistant plastic pallet, co-designed and produced by...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

American Renolit sees steady gains in the film market

September 16, 2014 11:51 am ET

American Renolit Corp. has changed its product mix, changed its customer base and managed to grow in a market that was initially skeptical about the...    More

Image

Executive pay driven by performance-based incentives

September 10, 2014 5:09 pm ET

The CEO of an automotive parts giant again tops the annual Plastics News list of highest-paid industry executives, and it's the cash and stock...    More

Image

Report: Shale gas renaissance reshaping Latin America

September 4, 2014 11:56 am ET

HOUSTON — The North American petrochemical renaissance, driven by low-cost shale feedstocks, is reshaping the Latin American petrochemical indus...    More

Market Reports

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

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

Upcoming Plastics News Events

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

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

More Events