PVC pipe and resin giant Mexichem SAB de CV continues with expansion plans

30-Nov-10

PVC pipe and resin giant Mexichem SAB de CV is continuing with its expansion plans for the Americas and Europe as it bids to become a major global player. Feasibility studies are constantly being conducted into potential business opportunities in Latin America, the United States and Europe that satisfy Mexichem’s “growth, efficiency and profit criteria.” Its latest acquisitions include Mexican rivals Plásticos Rex SA de CV and PVC producer Policyd SA de CV from Cydsa SAB de CV, of Garza García, in October at an estimated cost of US$500 mln. The company is Latin America’s largest manufacturer of PVC pipe, vinyl resins and compounds and produces a variety of chemical products at 40-plus plants in the region, the United States, United Kingdom, Japan and Taiwan.