Polypropylene film producer Altopro SA de CV plans to have a new 28.5 foot-wide, five-layer oriented film line operational in early 2017.
Supplied by Brückner Group GmbH of Siegsdorf, Germany, the new line is at the heart of a $50 million expansion of Altopro's modern facility in Irapuato, 212 miles northwest of Mexico City — where the company started operations in 1985 and where it runs three plants today.
“We should have received all the equipment between now and the end of the year and it should be up and running by March next year,” Altopro CEO and co-founder Antonio Simón Guerrero said Aug. 4.
The line, the company's fifth, will add about 40 million pounds to the manufacturer's production capacity.
“Right now we're at about 70 [million] to 80 million pounds a year,” Simón said. He believes the project will “unquestionably” place Altopro at the leading edge of the industry.
Simón, the Mexico-born son of a Lebanese immigrant, the late José Simón Nader, said Altopro had sales of $92 million in 2015.
“With the addition of the new line we are adding about $30 million in sales,” he added.
Asked about future investments, Simón said “it will take another three or four years before we go into a third phase, which would be adding another line, another $50 million worth” of investment.