Latin America Reports


  • 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

  • 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

  • Brazil’s Auto Sector Warming Under New President

    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

  • China’s Longyu Expands South America Network

    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

  • Brazil’s Petrobras Sells Total Rights for $2.2 Billion

    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

  • Versaflex Expands in South American Polyurea Coatings

    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

  • Colombia’s Grupo Orbis Launches Store Network

    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

  • PPG Opens More Brazilian Paint Stores

    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

  • 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

  • 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

  • Africa’s Market Potential Unveiled at East Africa Coatings Forum

    East Africa Coatings Congress, Part III
    Shem Oirere, Africa Correspondent 09.13.16

  • Clariant Doubles Pigment Capacity in Mexico

    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

  • Election Underscores Peru Growth Outlook

    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

  • 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

  • Powder Coatings
    Sinteplast Increases Latin America Footprint

    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

  • 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

  • Argentina Unshackles Economic Rules

    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

  • 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

  • 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

  • Brazil’s Embraer Raises  Aviation Coatings Demand

    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