Containers and Packaging industry growing in Mexico
Mexico City.- Containers and Packaging Industry in Mexico is expecting to keep growth rates similar to 2011, when a 14% increase in production was posted, after manufacturing 9.108 billion tons of containers and packaging material, made of paper, cardboard, plastic, metal, glass and wood, according to Jose Martinez, Director, Packaging Machinery Manufactures Institute (PMMI).
During Expo Pack, he said that positive trends are observed in the industry’s growth and, in spite of current political times in Mexico, investments have not stopped. “This may be observed in the Expo’s growth, which is now hosting 1012 companies, and the exhibition floor grew from 16,000 square meters to 18,400 square meters”, he said.
He further said that one of the main needs the industry has to improve their production is expediting customs clearance for machines, because 85% of the machinery used in Mexico to pack products and manufacture containers comes from countries such as the United States, Italy and Germany. He added that in this industry Mexico is the eighth machinery importer worldwide, with an average annual expense of US$580 million.
Source: T21 | Date: 28/06/2012