"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."
"As industries and customers diversify their presence in Asia, I would like to position BASF as the main growth partner and innovator in this transition."
EXECUTIVE VP, HEAD OF GOVERNMENT & PUBLIC AFFAIRS APAC, SINGAPORE COUNTRY DIRECTOR, SYENSQO
"Syensqo has revised its targets, committing to become carbon-neutral by 2040, rather than 2050, and to achieve 18% of our sales from fully circular solutions by 2030."
"We also expect to see a boom in renewables. 2030 is only six years away, leaving a short timeframe to invest and execute projects that will allow Malaysia to meet its carbon commitments."
"Ineos is committed to the Indonesian market, and our assets remain consecrated to the needs of the domestic market. In the future, we may look beyond PTA into more downstream molecules."
"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."
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.