"Nearshoring is nothing new to Mexico, where for many years Tier 1 and Tier 2 companies, especially in the automotive and aerospace sectors, established a presence in Mexico."
"The ongoing digital transformation is a pivotal trend in our industry. We remain at the forefront of innovation, constantly refining our digital tools and platforms."
"The main problem of the chemical industry when it comes to offshoring is that it is a capital-intensive industry and the establishment of new operating units is very complex."
"The super peso has been a major challenge for importers and exporters. However, paints manufacturers have benefitted from relatively lower raw material costs."
"There are many opportunities for the chemical industry to support the development of better communication and efficiency across borders, fostering common regional interest."
LATIN AMERICA GENERAL MANAGER & AMERICAS POLE LEADER SPECIALTY FLUIDS, MOMENTIVE
"The growth of the automotive, aerospace, and electronics markets has ultimately helped our business, allowing us to provide added value in more areas."
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.