Charles W. Thurston, Latin America Correspondent06.17.15
The estimated $10 billion demand in Latin America for paints and coatings is oddly mixed this year, as the economies in some of the largest countries – including Brazil and Colombia – slow down, while others like Mexico, Peru and the Caribbean accelerate modestly. Overall, a regional expansion of 0.9 percent is estimated by the International Monetary Fund (IMF) this year, while the forecast for 2016 is 2.0 percent. This makes for difficult investment plans and more costly importation of raw and finished materials, although some paint markets in some countries are still growing at a few percentage points above gross domestic product (GDP), a tendency during growth years.
One recent effort to smooth out paint industry policy, data collection, and stimulation measures was the formation of the region-wide paint and coatings association in Latin America, the Federación Latinoamericana de Fabricantes de Pinturas (LatinPat), or the Latin American federation of paint manufacturers, with a headquarters in Mexico, and officers in Brazil and Argentina. Latinpat is headed by Javier Maldonado Moctezuma, the general director of PSI Pinturas, based in t
One recent effort to smooth out paint industry policy, data collection, and stimulation measures was the formation of the region-wide paint and coatings association in Latin America, the Federación Latinoamericana de Fabricantes de Pinturas (LatinPat), or the Latin American federation of paint manufacturers, with a headquarters in Mexico, and officers in Brazil and Argentina. Latinpat is headed by Javier Maldonado Moctezuma, the general director of PSI Pinturas, based in t
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