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Mexico's plastics industry increased by 10% in 2011
Published:
2021-06-28 08:57
Source:
The Mexican plastics industry achieved a 10% industry growth in 2011, with industry sales exceeding 20 billion U.S. dollars. This figure includes processed products, resins and production equipment.
According to Eduardo Martínez Hernández, chairman of the Mexican Plastics Industry Association (Anipac), this growth trend will continue in 2012, but he is unwilling to predict specific growth figures.
According to Anipac, the Mexican plastics industry has maintained steady growth. According to Martínez's understanding, Mexico's plastics industry only experienced a recession in 1995, after the government mistakenly devalued the peso and triggered an economic crisis throughout Latin America.
This plastics industry manager found a puzzling thing, that is, in this context, the plastics industry has spent a lot of time and energy trying to convince the government that the plastics industry is an industry that deserves encouragement and financial support.
In an interview on January 20, Martínez said: "For example, the government has not encouraged the Mexican plastics industry to develop the market for production materials. If such a policy is introduced, the development of the Mexican plastics industry will definitely be much faster than it is now. Even Taiwan Island, which is only 245 miles long, has more presses than ours."
He added, “Plastics has never been regarded as an important industry by the government. From a political perspective, we have not received the attention we deserve.”
Martínez said at a press conference that the plastics industry, composed of nearly 4,200 processing companies, has increased its share of Mexico’s GNP from 1% in 2003 to 3% today.
He said that the automobile industry is the largest target market for the Mexican plastics industry, bringing in sales revenue of 4 billion U.S. dollars in 2011 (accounting for 20% of the industry’s total sales).