Grupo Kuo SAB de CV of Mexico City has launched a subsidiary to manufacture polymer additives, nanocompounds and special nanomaterials.
The offshoot, Macro-M SA de CV, has opened a plant in Lerma, Mexico, to produce a range of multiple-application additives ranging from a PET recycling chain extender to additives used in the surface treatment of nanomaterials.
The plant has annual production capacity of 551,000 pounds per year and its launch is the result of 10 years of research. Its processes were developed at Grupo Kuo's research and development center, the company said in a news release.
Additives are tailor-made for particular polymer systems and can be used in thermoplastics and thermosets. Products also include MacroComp polymer nanocomposites, which are based on nanoclays and several thermoplastics matrices.
End markets include household appliances, aerospace construction, textiles, packaging, recycling and automotive products.
Fernando Senderos, Grupo Kuo chairman, said he expects to see growing demand for products that are environment-friendly and capable of being placed within the cycle of renewable, recyclable and green energies.
Kuo believes the creation of Macro-M makes the group a nanotechnology pioneer among Mexican companies and opens for the company a new market currently worth $1.5 billion worldwide and growing 30 percent annually.
Kuo, which serves diverse markets from food and chemicals to automotive, employs more than 15,000 and reports annual sales of about $2.1 billion.
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