"Stepan has seen good growth, and the last two years have been eventful not only from the perspective of managing through a pandemic, but also managing through organic and inorganic expansions."
VP AND REGIONAL HEAD, SABIC SEA & ANZ, SABIC ASIA PACIFIC
"SABIC is proactively collaborating with multiple stakeholders to innovate and develop bespoke solutions that further improve and transform sustainability across the value chain."
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.