Mexico City — Plastics processors in Mexico will invest an estimated $2.894 billion in machinery, auxiliary equipment and molds in 2017, 1.7 percent more than the $2.845 billion they spent in 2016, according to the country's plastics industry association.
The investment in molds alone is expected to top $1.413 billion, 1.6 percent down from the $1.436 billion spent in 2016, the Asociación Nacional de Industrias del Plástico A.C. (Anipac) stated in a fact sheet handed to reporters at Plastimagen México 2017.
According to ANIPAC, imports of resins, plastic waste and plastic goods are likely to total $22.867 billion in 2017, 4 percent up on the $21.994 billion registered in 2016, with the United States accounting for the lion's share of the business.
In 2016, U.S. exports of resins, plastic waste and plastic goods to Mexico totaled $15.123 billion. Through August this year, the total was $10.285 billion.