Brazilian Giant Prepares for Expansion in MexicoWed, 01/20/2016 - 11:43
In the last decade, Oxiteno, a Brazilian chemical company that operates worldwide, has invested in timely expansions in several regions, a strategy that has enabled it to anticipate growth and opportunities. Examples of this approach can be seen in the expansion of its plant in Coatzacoalcos, where a new reactor equipped with the latest international technology was installed, and the approved investments for a new alkoxylation plant in Pasadena, Texas. Today, Oxiteno has three industrial units located in Coatzacoalcos, Guadalajara, and San Juan del Rio. “Our presence is significant because, in addition to possessing manufacturing plants, we also use sourcing from other companies, be they international or local, meaning that, if needed, we may import products from Venezuela, Uruguay, or Brazil.” Oxiteno is present within many industry segments, such as home and personal care, agrochemicals, paint, pharmaceuticals, and oil and gas. Secomandi claims Mexico’s Energy Reform will result in the creation of 2.5 million jobs in the energy industry, which will increase the GDP by 1-2%. Additionally, he is confident that the chemicals sector will grow 3.8% by attracting investments of US$25 billion in the next ten years. Oxiteno secured its position as a supplier of chemicals for the oil and gas industry in the Americas by developing solutions based on ethylene oxide and propylene oxide, among other specialty products. Now the company is looking to consolidate its position in the Mexican market as a reliable supplier of innovative and sustainable chemical products.