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Article: Mexican plastics sector calls for more investment.
- Article from:
- South American Business Information
- Article date:
- March 13, 2004
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Mexico, Mar 11, 2004 (El Economista/SABI via COMTEX)
The lack of investment in technology and in petrochemical plants in Mexico has made the country's plastics industry a net importer of raw materials, and depriving it of the chance to generate income for the country, says the president of the Asociacion Nacional de la Industria del Plastico, Mr. Angel Oria. In 2003 alone, the demand of the plastics sector absorbed 80% of imports, and the trade balance of the sector grew to US$5bil, which underlines the need for investment in a climate of ...