TOLUCA, MEXICO—Celanese Mexicana SA de CV invested $170 million this year in various projects—after infusing $600 million in the firm the past five years, said Chief Executive Officer Thomas Mohr.
The firm is preparing for several new projects as it shifts from primarily making chemicals, to value-added goods, he said Sept. 8 at company headquarters in Toluca.
``The largest single line in the Americas'' to make biaxially oriented polypropylene packaging film will open in November with a $55 million price, said Arturo Ledesma, chemicals and packaging director.
The firm also is investing in a PET plant to open in October in Queretaro; expanding an acetate textile fiber line 25 percent in Jalisco state; and an industrial polyester plant to start operating early next year.
Even without expansion, production increased 6 percent in 1996, Mohr said. He predicts a 20 percent increase once the expansions are in place.