MEXICO CITY (Oct. 6, 3 p.m. ET) — The leader of a major Mexican plastics trade organization said that plastics processing growth should be higher than resin market growth this year and in 2012.
Growth in Mexican plastics processing for 2011 could be 6 percent — double that of Mexico's expected GDP growth rate, Eduardo Martinez said Oct. 4 at the Plastimagen trade show in Mexico City. Martinez is president of Asociación Nacional de Industrias del Plástico AC (Anipac), the 300-member trade group that's marking its 50th anniversary this year. Martinez also is an executive with Plastisor SA de CV, a resin distribution firm based in Mexico City.
His projection for 2011 and 2012 — when he said that double-GDP growth also is attainable — is higher than the 4.5 percent growth in resin consumption predicted for 2011 by Mexican consulting firm Grupo Texne. Martinez now anticipates that Mexico's resin consumption growth in 2011 should match GDP.
“We're starting to think in different ways of measuring growth,” he said. “We've got many more machines making more parts, but lighter parts that use less resin.”