Mexico's Plastic Industry Applauds Mazda's $500 Million Dollar Investment

On the topic of investment in Mexico, Mazda Motor Corp.’s decision to build a $500 million car and engine assembly complex in central Mexico in partnership with Sumitomo Corp. has been applauded by the Plastic Industry in Mexico. Sector Leader Eduardo Martínez Hernández says it is a boost for the Mexican plastics industry.

In an interview with Plastic News, Martínez said that the automotive industry buys about 4 percent of all the plastics consumed in Mexico. According to Mexico City consulting group, Grupo Texne, in 2010, manufacturers in Mexico processed 9.98 billion pounds of plastics, 4.6 percent more than in 2009.

“I don’t have any information about what they will produce at this Mazda plant. What I can say is that 25 percent of the content of all automobiles assembled in Mexico is plastic and so, sure, the fact that there is to be more car production will help a great deal,” said Martínez, president of plastics industry association Anipac (Asociación Nacional de Industrias del Plástico AC).

For the full story on the impact of this investment in Mexico, click here.