One of the three PVC resin manufacturers in Mexico, Policyd SA de CV, said Aug. 3 it will invest $35 million to double capacity at its Altamira plant. Annual production will rise to about 463 million pounds.
``This is a small investment, and goes mainly toward technological improvements and debottlenecking,'' said Fernando Gutierrez, Policyd's export director.
The first phase, which will add about 100 million pounds, will be finished by March. The remainder will be completed by 2001.
Gutierrez spoke by telephone Aug. 5 from the company headquarters in Tlalnepantla, near Mexico City.
The Altamira plant produces suspension-grade PVC, while a second Mexican plant, in La Presa, makes more-specialized materials. Once the expansion is finished, the plants will have combined annual capacity of about 551 million pounds.
The company has annual sales of $115 million, Gutierrez said. Policyd currently exports 35 percent of its production, and plans to export as much as half, he added. The majority goes to South America.
In addition to Policyd, Grupo Primex SA de CV and Grupo Polimeros SA de CV produce PVC resin in Mexico.
According to a 1997 study by Instituto Mexicano del Pl stico Industrial, in 1996 those companies had capacity to produce 914.6 million pounds annually, with Primex making up 48 percent and Policyd 36 percent of the total.
Actual PVC production in Mexico in 1996 was 848.5 million pounds.