MEXICO CITY - Plastics processors in Mexico looking for a way out of the country's continuing economic recession are jumping at a chance to link up with European plastics companies. About 120 Mexican firms, many of them injection molders and extruders, have expressed interest in attending a joint plastics industry conference for companies from Mexico and Europe in Mexico City next month.
The two-day Mexico-Europe Union Plastics Forum, set for March 18-19, is designed to promote trade and joint venture agreements between Mexican plastics firms and their counterparts in a dozen European Union nations.
A total of 53 plastics companies from 12 European nations, including 20 from Spain and 11 from France, will attend the event, being held days after Mexico's international plastics trade show, PlastImagen '96.
Organized jointly by Mexico's foreign trade bank, Bancomext; the country's trade and industry ministry, Secofi; and the EU, the forum consists of meetings, presentations and seminars on the plastics sectors and business opportunities created by NAFTA.
Many of the European firms attending want to negotiate technology transfer arrangements, joint ventures or subcontracts with Mexican molders, according to Bancomext.
Mexican companies are keen to obtain new-technology aid, export marketing expertise, new molds and openings to Europe, said Mexican bank officials.
The forum is the latest in a series of business meetings arranged under a four-year, 1995-1998 economic cooperation program between Mexico and the EU. Plastics is one of five sectors included.
Previous meetings were held in Europe. Most recently, 20 Mexican firms accepted an EU invitation to attend K'95 in Germany. Other program sessions are to be arranged at industry events in Spain and Italy this year and in 1997.