Latin America Reports
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Venezuelan Economic Crash Devalues Manufacturer Assets
The implosion of Venezuela’s economy and the accompanying crash in foreign exchange has had a choking effect on manufacturers like paint and coatings leader Axalta, which was compelled to write down $70.9 million in local assets as of the…Charles W. Thurston, Latin America Correspondent 09.04.17
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Recovery Investment to Boost Peruvian Economy
International investors are responding positively to Peru’s strong growth record and its plans to rebuild after last winter’s devastating El Niño floods, which may require $9 billion in recovery funds over the next five years, acco…Charles W. Thurston , Latin America Correspondent 08.09.17
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Brazil’s Auto Sector Warming Under New President
Brazil may be starting to shake off the economic chill that permeated the country under the storm of corruption that culminated in the ousting of the last president. The automotive sector is warming, moreso in exports than domestic sales, and leading…Charles W. Thurston, Latin America Correspondent 07.05.17
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China’s Longyu Expands South America Network
Longyu Pigment & Chemicals has expanded its South American sales network by adding Argentina to the mix.Charles W. Thurston, Latin America Correspondent 05.01.17
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Brazil’s Petrobras Sells Total Rights for $2.2 Billion
Brazil’s state oil company Petrobras has sold substantial development rights to France’s Total for $2.2 billion, following production doldrums in Brazil over the past year as oil prices have declined. Since Petrobras is the largest nation…Charles W. Thurston , Latin America Correspondent 03.31.17
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Versaflex Expands in South American Polyurea Coatings
Kansas City-based Versaflex has expanded its footprint in South America through a co-marketing agreement with São Paulo-based Renner Coatings that will result in a new polyurea coating line brand, RenFlex, now being prepared for distribution.…Charles W. Thurston, Latin America Correspondent 02.13.17
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Colombia’s Grupo Orbis Launches Store Network
Colombia’s Grupo Orbis has begun the development of a domestic chain of Do-it-Yourself stores named Master Pro that will feature subsidiary Pintuco’s full line of paints and coatings. The independent Pintucasa paint store network will con…Charles W. Thurston, Latin America Correspondent 01.06.17
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PPG Opens More Brazilian Paint Stores
PPG Renner is adding 30 new retail stores to its Brazilian distribution network this year, particularly in the South, adding to the estimated 90 stores previously in operation across the country. The company has also opened its first store in Montevi…Charles W. Thurston, Latin America Correspondent 12.09.16
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ChemSpec Ltd. to Add Specialties Access in Mexico
ChemSpec Ltd.’s recent announcement that it would set up its first Mexico subsidiary makes good on the company vow at the time of its 75 percent equity acquisition in 2015 that it was looking for expansion opportunities in the region. CHEMSPEC…Charles W. Thurston , Latin America Correspondent 10.10.16
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PPG Comex Bullish on Mexico, Central America
Despite sliding sales for paint and coatings in Latin America overall, PPG Comex is optimistic about sales in Mexico and Central America this year and for several years thereafter. In its third-quarter 2016 financial report, PPG’s notes on Lati…Charles W. Thurston, Latin America Correspondent 09.13.16
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Africa’s Market Potential Unveiled at East Africa Coatings Forum
East Africa Coatings Congress, Part IIIShem Oirere, Africa Correspondent 09.13.16
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Clariant Doubles Pigment Capacity in Mexico
Clariant is investing in new capacity for water-based pigments in Mexico, with an expected fourth-quarter start-up for a new plant. “With the new production plant in Santa Clara, Clariant Mexico will double annual production capacity for water…Charles W. Thurston, Latin America Correspondent 08.10.16
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Election Underscores Peru Growth Outlook
Peru’s demand for architectural paints should rise on increased demand by homeowners and from new construction. Peru’s recent presidential election has reestablished a firm market-oriented future for the rapidly growing country. Ped…Charles W. Thurston, Latin America Correspondent 07.14.16
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Additives | Aerospace Coatings | Corrosion Control | Industrial Coatings | Pigments
Latin American Aviation Lifts Coatings Demand
Latin America’s relatively steady economic growth suggests that the regional demand for aviation coatings will more than double GDP expansion, predicted by the World Bank to be 1.0 percent this year and back to a more normal 2.3 percent next ye…Charles W. Thurston, Latin America Correspondent 05.09.16
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Powder Coatings
Sinteplast Increases Latin America Footprint
Buenos Aires-based Sinteplast is methodically increasing its footprint in Latin America to further develop its export market for paints and coatings made in the region. With the latest purchase of a Sulan, a small manufacturer in Brazil, the company…Charles W. Thurston, Latin America Correspondent 04.08.16
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Aerospace Coatings
Mexico Aerospace Coatings Market Rises
Mexico’s aerospace and defense indsutry reached the $7 billion sales level in 2013.Charles W. Thurston, Latin America Correspondent 03.21.16
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Argentina Unshackles Economic Rules
Among sectors in which new investment could focus is the paint and coatings sector.Charles W. Thurston, Latin America Correspondent 02.12.16
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Colombia Outlook Strengthens on Peace
A variety of Colombia analysts have suggested that the recent efforts at peace with FARC rebels by President Juan Manuel Santos, including a notable summit in Havana, could provide the political stability the country has long needed for sustained gro…Charles W. Thurston, Latin America Correspondent 01.15.16
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New Wacker Brasil Director Targets Growth
Wacker Química do Brasil recently named Adriano Magalhães as executive director, taking the place of Danilo Timich, with responsibility for South America. Asked about his expectations for growth, Magalhães told CW that, “Re…Charles W. Thurston , Latin America Correspondent 12.18.15
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Brazil’s Embraer Raises Aviation Coatings Demand
According to Embraer, within Brazil, the national small jet fleet grew by 3.6 percent.Charles W. Thurston, Latin America Correspondent 11.13.15
