Latin America Reports
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Lanxess Continues Latin America Investment Drive
Lanxess announced a new investment in Brazil that will increase its manufacturing presence in that country, as well as the region, permitting local sourcing for a growing demand for biocidal additives in the paint and coatings market. The acq…Charles W. Thurston, Latin America Correspondent 01.20.20
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Brenntag Expands Assets, Sales in Latin America Network
Brenntag AG is once again expanding its pan-Latin America network, this time with the addition of Brazil’s Quimisa SA, including the logistics subsidiary Quimilog Transportes e Logística Ltda. Quimisa is a distributor of about three d…Charles W. Thurston, Latin America Correspondent 12.11.19
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Brazil’s Abrafati Breaks Records with 2019 Show
Abrafati logged a 40 percent increase in exhibitors this year – up to more than 10,000 – in Sao Paulo, of which about 40 percent were international.Charles W. Thurston, Latin America Correspondent 11.11.19
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Mexico Boosts Oil & Gas CapEx and Maintenance Spending
The demand for new industrial coatings, as well as corrosion-control and other maintenance coatings, is expected to rise with the increased spending.Charles W. Thurston, Latin America Correspondent 09.30.19
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Cuba Market Expands with Hotel Development
Cuba’s long-closed market has begun to open more rapidly as the tourism industry grows and brings more revenue to the island. More than 4,000 new hotel rooms are being built this year, mostly in the capital of Havana, where there are already…Charles W. Thurston, Latin America Correspondent 09.03.19
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Eastman Bullish on Latin America, its Environment, the Arts
In Latin America, Eastman sales were up 14 percent to $588 million, leading all other geographies in percentage growth.Charles W. Thurston, Latin America Correspondent 08.09.19
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Peru Market Strengthens on Private Investment
The Peruvian market is strengthening, with its estimated four percent gross domestic product growth rate steady, and a rising count of international investments in major projects. While much of the new construction in the country will surround infras…Charles W. Thurston, Latin America Correspondent 07.03.19
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Latin America Market to Continue Slow Recovery
The Latin American market for paint and coatings has begun a slow market recovery, as it closely tracks regional gross domestic product growth, expected to rise by a half point to 1.7 percent this year, compared with 1.2 percent last year. The ind…Charles W. Thurston, Latin America Correspondent 05.31.19
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Guatemala’s Grupo Solid Manufacturing and Transocean Coatings Form Partnership
The largest paint producer in Guatemala, Grupo Solid, has formed a strategic partnership with the Netherlands’ Transocean Coatings to pursue a spot in the high-performance paint and coatings market in the Central America and Caribbean regions.…Charles W. Thurston, Latin America Correspondent 05.10.19
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Mexico’s Aeronautical Industry a “Gold Mine” for the Economy
The workforce is rapidly headed toward 60,000 people, as the country assumes the position of the world’s sixth largest aviation industry.Charles W. Thurston, Latin America Correspondent 04.12.19
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Coatings World Interview: Charly Nader, Dow’s New Latin America Director
Coatings World recently interviewed Charly Eid Nader – Dow’s new president in the Andean Region, and commercial director of the Latin American Performance and Performance Monomers business – about his expectations for growth in the…Charles W. Thurston, Latin America Correspondent 03.08.19
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New Dow Andes Regional Head in Bogotá
DowDuPont appointed Charly Eid as the new head of the Andes region for paint and coatings at a time when fostering growth there is a challenge. Colombia is the promising economic center of the region and Peru is a standout, while both Bolivia and Ecu…Charles W. Thurston, Latin America Correspondent 02.11.19
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Latin America Sales Up 13% for Clariant in Q3
Latin America sales for specialty chemical maker Clariant climbed 13 percent in local currency during the first three months of this year. Plastics and coatings contributed a four percent gain in Swiss francs and contributed to an eight percent EBITD…Charles W. Thurston , Latin America Correspondent 12.03.18
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Argentina’s Antipat Considers Renewable Energy
Argentina’s national paint and coatings association has added renewable energy to its toolbox of technologies that will help the economic development of the industry, which is battling against widespread recession in the country. Durin…Charles W. Thurston, Latin America Correspondent 11.05.18
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Renner Opens New Plant in Recovering Chile
Brazil’s family-owned Renner Coatings has opened a new production plant and laboratory in Pudahuel, in the Santiago Province of Chile, amidst growth reports that are moving GDP expectations higher this year. Renner Coatings is the high-perfo…Charles W. Thurston, Latin America Correspondent 10.03.18
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Venezuela Reissues Bolivar to Fight Inflation
Venezuela has revalued its inflation-heavy currency with a hope of containing runaway inflation, which has led to an imploding economic situation. The new bolivar Soberano or sovereign bolívar, slated for immanent issue under President Nicol&a…Charles W. Thurston, Latin America Correspondent 09.01.18
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BASF Seeds Growth in South America
BASF predicts even more growth for South America in 2019 than this year, in its latest economic, corporate governance and environmental sustainability report, “BASF América del Sur Informe 2017” report, released in Spanish in June.…Charles W. Thurston , Latin America Correspondent 08.10.18
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PPG Comex to Paint Mexico in Rosa Chilango
PPG Comex has taken up a broad campaign to help Mexico City paint murals and other walls throughout the capital in celebration of the city’s being named the 2018 World Capital of Design by the World Design Organization. The WDO is an interna…Charles W. Thurston, Latin America Correspondent 07.03.18
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Mexico Surfactant Investors May Face Feedstock Uncertainty
Two announced foreign investments in Mexico’s surfactant industry this year may face uncertainty in feedstock provision and pricing as a result of a petrochemical shortage for Pemex, the national oil company. Since the cost of surfactants is de…Charles W. Thurston, Latin America Correspondent 05.04.18
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Argentina, Mexico Boost Sika Sales
The Argentine and Mexican operations of Zurich-based Sika posted “above average” sales growth last year, supporting the regional to a 3.2 percent expansion overall compared with 5 percent in 2016, the company annual report stated. Sika…Charles W. Thurston, Latin America Correspondent 04.09.18
