PPG Comex to Build New Resin Plant

PPG Comex will build a new resin plant in the municipality of Acolman, with an investment of approximately US$129 million. The project is expected to create 500 direct and indirect jobs as the company expands its manufacturing capacity and strengthens the supply of raw materials for Mexico's paint and coatings industry.

State of Mexico Governor Delfina Gómez made the announcement alongside PPG Comex executives. According to state authorities, the new facility will expand the company's operational presence in the state and strengthen the integration of value chains in central and western Mexico.

Resins are a critical raw material in the production of paints and coatings, serving as the binding agent that forms the protective film and provides adhesion, strength, and durability on various surfaces. Increasing domestic resin production will help reduce dependence on imported raw materials and ensure a more stable supply for the domestic market.

The new complex builds on the company's industrial legacy in the State of Mexico, where Comex began operations at its iconic Tepexpan plant in 1967. The company was acquired by U.S.-based PPG Industries in November 2014.

The investment further strengthens the State of Mexico's position in the national chemical industry, which comprises more than 1,400 businesses and employs nearly 60,000 workers in the state.

Laura González, the state's Secretary of Economic Development, noted that foreign companies in the chemical sector have invested more than US$1.3 billion in the state during the current administration, while domestic companies have invested approximately US$322 million.