Entrepreneurs from the plastics sector see business opportunity in Mexico

Entrepreneurs from the plastics sector see business opportunity in Mexico

Plastic components for the automotive industry in Mexico, worth roughly US$2 million, are imported every day, since there are not enough domestic suppliers of these products. Eduardo de la Tijera, Co-Secretary for the Mexican Association of Plastics Industries (ANIPAC), underscores that a US$700 million growth opportunity is set up, but the technology used by producers must be changed. The Mexican auto part industry represents 20% of the total value of the sector, which embeds 75% of the total production value in states like Coahuila, Puebla, Nuevo Leon, State of Mexico, among others, which is why ANIPAC considers this a major growth sector nationwide. Francisco del Caso, former President of ANIPAC stated that 4,530 companies operate in this sector, with prospected investments of US$1,800 million during 2016.

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