• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint

    Aerospace Coatings

    Biocides Directory

    Lab & Testing Equipment Directory

    Europe’s Top Paintmakers Pull Themselves Up Further
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    Aramsco Acquires Pantheon Surface
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    PPG Launches Low-temperature Cure Electrocoats for Automotive Manufacturers

    Kapci Coatings Takes to the Ferrari Challenge Tracks
    Additives
    Binders
    Pigments
    Solvents

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    American Chemistry Council Recognizes Covestro for Sustainability Leadership

    Evonik Introduces TEGO Rad 2550 Slip and Defoamer Additive

    Omya Extends Lightweight Fillers Portfolio with the Acquisition of Bublon

    OQ Chemicals Launches Biobased Oxbalance TCD Alcohol DM
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Arkema

    EPS

    Shepherd Color Company, The

    Active Minerals

    W. R. Grace & Co.
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Middle East Coatings Show

    2023 CoatingsTech Conference

    Greenbuild International Conference + Expo

    The Gulf Coatings Show

    Western Coatings Symposium 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Arkema

    EPS

    Shepherd Color Company, The

    Active Minerals

    W. R. Grace & Co.
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Latin America Reports

    ChemSpec Ltd. to Add Specialties Access in Mexico

    ...

    ChemSpec Ltd. to Add Specialties Access in Mexico
    Charles W. Thurston , Latin America Correspondent10.10.16
    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 MEXICO will be based in Mexico City, and will provide sales and technical support to the rubber compounding industry and also support the other Mexican Coatings, Adhesives, Sealants, Elastomer, and Plastics (CASE) market segments.

    ChemSpec México will offer “a large portion of its current Performance Products’ portfolio of specialty and commodity chemical additives and specialty polymers,” across the country, the company announced. The automotive sector, in particular, is likely the largest consumer of the company’s products.

    Mexico’s auto industry is booming. Hyundai subsidiary Kia Motors most recently opened a new production facility in Mexico, in September, in Pesquería, state of Nuevo Léon, with an investment by the company and dedicated suppliers estimated $3 billion.

    On the Mexico announcement, ChemSpec president Dave Moreland said, “Over the past several years, many manufacturing companies of various sorts have opened-up production locations in regions throughout northern and central Mexico, and in turn, more and more of our customers have asked us to support their Mexican operations. I think by creating a Mexican business entity, which allows us more flexibility logistically, while also having employees ‘on the ground,’ better enables ChemSpec to support our Mexico-based customers, and at the same time, will help continue to grow our business.”

    U.S. exports of paints and coatings to Mexico grew an estimated six percent in 2015 to 22 percent of all U.S. paint exports, according to a recent report by Research and Markets. A host of specialty coating are used in the Mexico automotive industry. Another recent study by the Center for the Polyurethanes Industry (CPI) of the American Chemistry Council, shows that overall production of polyurethane in Mexico increased at an average annual rate of 9.6 percent over the past two years, partly due to increased domestic demand.

    Similarly, elastomeric coatings  demand by the automotive and industrial industries has risen in Mexico for body corrosion control and self-healing applications. And “Superior performance of e-coats (coating plus plating), compliance to environmental regulations, low cost, and growth in the end-use industries such as automotive and appliances are expected to drive the e-coat market,” Markets and Markets recently reported.

    Safic-Alcan, a Paris-based specialty chemicals distributor, acquired a majority control of Uniontown, Ohio-based ChemSpec Ltd. to expand in the Americas. In Mexico, Chemspec serves the rubber, adhesives and sealants markets in the automotive, paint and coatings and construction markets, among others. At the time of the acquisition, ChemSpec earned $41 million, compared with Safic-Alcan, which earned $445 million.

    This acquisition was unrelated to the Axalta Coating Systems acquisition of ChemSpec USA, which also took place late last year. 
    Related Searches
    • architectural coatings
    • dispersants
    • milk paint
    • silicone
    Suggested For You
    Axalta Coating Systems to Acquire the Spencer Coatings Group Axalta Coating Systems to Acquire the Spencer Coatings Group
    Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017 Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017
    Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017 Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017
    Axalta’s Industrial Color Matching App Wins American Marketing Association Award Axalta’s Industrial Color Matching App Wins American Marketing Association Award
    Two Axalta Coating Systems Global Refinish Brands Re-approved By Major Car Manufacturer for 2017 Two Axalta Coating Systems Global Refinish Brands Re-approved By Major Car Manufacturer for 2017
    Registration Now Open for the 60th Polyurethanes Technical Conference Registration Now Open for the 60th Polyurethanes Technical Conference
    Unparalleled Polyurethane Technologies Sought For Popular Innovation Award Unparalleled Polyurethane Technologies Sought For Popular Innovation Award
    Wacker Expands Silicones Production in Brazil Wacker Expands Silicones Production in Brazil
    Pigment Suppliers Respond to Demand for More Sustainable Solutions Pigment Suppliers Respond to Demand for More Sustainable Solutions
    Largest-ever Rear Quarter Window in SABIC’s LEXAN Resin Debuts on Buick’s New-generation GL8 MPVs Largest-ever Rear Quarter Window in SABIC’s LEXAN Resin Debuts on Buick’s New-generation GL8 MPVs
    LANXESS Highlights New Investment in Ningbo China LANXESS Highlights New Investment in Ningbo China
    CPI Announces Finalists for Polyurethane Innovation Award CPI Announces Finalists for Polyurethane Innovation Award
    Clariant Doubles Pigment Capacity in Mexico Clariant Doubles Pigment Capacity in Mexico
    CPI Polyurethanes Conference to Feature Automotive VOC, Construction and Sustainability Sessions CPI Polyurethanes Conference to Feature Automotive VOC, Construction and Sustainability Sessions
    Century Industrial Coatings Ten Months After Devastating Fire Century Industrial Coatings Ten Months After Devastating Fire

    Related Breaking News

    • Breaking News | Industrial Coatings | Paint & Coatings Manufacturer News

      Axalta Coating Systems to Acquire the Spencer Coatings Group

      ...
      05.22.17

    • Breaking News

      Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017

      ...
      05.22.17

    • Breaking News

      Axalta Presents Its Color and Process Optimization Expertise at Automotive Engineering Expo 2017

      ...
      05.22.17


    • Breaking News | Paint & Coatings Manufacturer News

      Axalta’s Industrial Color Matching App Wins American Marketing Association Award

      ...
      05.19.17

    • Breaking News | Paint & Coatings Manufacturer News

      Two Axalta Coating Systems Global Refinish Brands Re-approved By Major Car Manufacturer for 2017

      ...
      05.18.17

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Leads Global Paints Brands In Value: Brand Finance
    • PPG Opens $30-Million Battery Pack Application Center In China
    • PPG Launches Low-temperature Cure Electrocoats For Automotive Manufacturers
    • Beckers Conducts First LCA Of UV/EB Coil Coatings
    • Axalta Releases Annual Vibes Colour Journal For Architecture And Design Industry
    Breaking News
    • PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    • Powder Technology, Inc. Announces New Electrical Coating
    • Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    • Dunn-Edwards Announces 2024 Color + Design Trends to Watch
    • Aramsco Acquires Pantheon Surface
    View Breaking News >
    CURRENT ISSUE

    June 2023

      View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Sempera Organics and Alkemist Labs Announce Partnership for Mushroom Testing
    Nektium Expands International Distribution Network for Botanical Extracts
    Kemin Receives Positive EFSA Opinion for BetaVia Pure, its Beta-Glucan Ingredient
    Coatings World

    Latest Breaking News From Coatings World

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    Powder Technology, Inc. Announces New Electrical Coating
    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cue Health Nabs FDA's First De Novo Nod for an At-Home COVID Test
    ISO 13485:2016 Certification Granted to Boston BioProducts
    Paul Colvin Joins Ora Inc. as Chief Operating Officer
    Contract Pharma

    Latest Breaking News From Contract Pharma

    EUROAPI Invests €50M to Meet Growing Demand for Prostaglandins
    RK Pharma to Receive $200M Investment from PAG
    Axol Bioscience, StrataStem Partner on ‘Clinical Trial in a Dish’ for Alzheimer’s Disease
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Announces Second Edition of Beauty&You Brand Incubator Program
    GetHarley Raises $52 Million in Latest Funding Round
    Refillable Skincare Products Face Hurdles Despite Growing Sustainability Awareness
    Happi

    Latest Breaking News From Happi

    Carrière Frères Introduces Candle Refills as New Sustainability Initiative
    Gen Z Entrepreneur Introduces The Ashley Marie Collection for 4C Hair Types
    The Estée Lauder Companies Expands Beauty&You Competition for Indian Beauty Brands
    Ink World

    Latest Breaking News From Ink World

    SICPA Inaugurates Its unlimitrust Campus
    Siegwerk’s Center of Excellence in France Receives Facelift
    Epson announces MakeTheSwitch Campaign
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Mark Andy reports successful Low Migration Workshop
    Ryback & Ryback Consulting launches Machinery division
    TLMI launches 2023 award programs
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    The Honest Company to Exit Europe, Asia
    TechnoPlants to Exhibit at ITMA
    Andritz Buys 100% Stake in Dan-Web
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Orthobiologics Market to Top $10.3 Billion by 2030
    Artelon Granted U.S. FDA 510(k) Clearance for FlexBand, FlexPatch & FlexBand Plus
    Synergy Spine Solutions Completes Enrollment in IDE Clinical Trial
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Sensormatic Unveils Sensormatic Synergy Media Display
    ams OSRAM Receives the German Innovation Award
    ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login