Mexico City — Flexible packaging manufacturer Minigrip de México SA de CV is investing heavily in new machinery and software as it strives for greater efficiency and growth.
Sales in 2015 totaled 420 million pesos ($24.3 million) — up 5 percent from 400 million pesos the previous year ($27.1 million).
Managing Director Juan Pablo Guzmán Giraud expects sales to top 440 million pesos ($23.8 million) in fiscal year 2016. (The decreasing sales measured in U.S. dollars is the result of the fluctuating peso/dollar exchange rate.)
In 2017, he expects “a 15 percent increase in sales” in relation to 2016, partly thanks to new extrusion equipment that will arrive in the next few months. The company uses Davis-Standard and Windmoeller & Hoelscher extrusion machinery almost exclusively.
Sixty percent of the company's sales come from extrusion, which operates around the clock, seven days a week, Guzmán said, “and 90 percent of what we produce, we also print and convert.” The company's services include bag making, laminating, printing and slitting. It recycles all its waste material in-house.
End markets are food, household and personal care packaging, medical/pharmaceutical, agricultural, industrial, trash and merchandise bags, pallet overwrap, shrink, stretch and barrier film and laminations.
Guzmán said Minigrip invests 15 percent of sales in new machinery and equipment.
Deputy Managing Director Luis Olavarri Hervella added: “We see a potential opportunity among customers who are looking for better technology as well as savings, and the only way is [investing in] new technology.
“We don't like to say how many machines we have,” he added.