Chemical industry investment advancing in Queretaro
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The chemical industry has reported receiving investment worth nearly US$1.7 million in 2016 (a 4% annual increase), thanks to the support of sectors such as the automotive, aeronautic, home appliances and bio-technologies, commented Marco Antonio del Prete Tercero, Secretary of Sustainable Development in Queretaro (SEDESU). He comments that the chemical industry represents 13% of Queretaro's GDP, and it is important for the manufacturing industry, as it has relation to various industries through the production of resins, rubbers, chemical fibers, adhesive coatings, paints, etc. He affirmed that US$36 million from the U.S. and Asia were received in 2016, which were invested in the chemical industry. This industry generates 10,000 formal jobs through 129 companies.