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Mexico Chemicals 2024

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.

Eugenio Manzano

EXECUTIVE DIRECTOR, POCHTECA
"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."

José Luis Urrutia Segura

PRESIDENT, CANACINTRA
"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."

Rafael Ríos

COUNTRY MANAGER, CONSTRUPLAN
"Our goal is to maximize participation in mining tenders. We aim to secure new projects and diversify our client base and, in the long run, obtain an open-pit mining project."

Ikenna Oranye

CEO, GCA ENERGY
"The IOCs and NOCs, faced with production instability and uncertainties, shifted their focus from large-scale investment projects to maintaining and optimizing existing production capabilities."

Peru: Mining Production Overview

Peru Mining 2024 PDAC Pre-Release
Copper margins shrink as costs rise

Heather Cheeseman

PARTNER, NATIONAL MINING LEADER, KPMG IN CANADA
"There are some fantastic technologies and advancements that can help companies change and improve their operations and make them safer and more sustainable."

Leandro García

CEO, BUENAVENTURA
"At San Gabriel, we reached a capex of nearly US$140 million, and for 2024 we estimate investing close to US$200 million. We expect to complete construction in 2025 and obtain the first gold bar by the end of that year."

Javier del Río

VICE PRESIDENT SOUTH AMERICA AND USA, HUDBAY MINERALS
"In Peru, we emphasize that Constancia is not the endpoint but the starting point. We have a significant interest in the development of Maria Reyna and Caballito.."

Óscar González Rocha

EXECUTIVE PRESIDENT, SOUTHERN COPPER CORPORATION
"If the authorities inform us that we can start the development of our projects tomorrow, rest assured that we will assemble teams with the best professionals in both the productive, social, and environmental areas to achieve benefits for all."

MACIG

SPANISH

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