Charles W. Thurston, Latin America Correspondent02.12.21
The state of Mexico’s economic recovery is positive, with debate over the relative rate of growth a contest among optimists.
Mexican President Manuel Lopez Obrador predicts a 4.6 percent rise in economic activity this year, while financier Goldman Sachs predicts a 3.8 percent rise and credit risk analyst Moody’s predicts 3.5 percent growth.
The recovery of the economy will bode well for the paint and coatings industry, which includes domestic production of roughly 1 billion liters (about 265 million gallons) per year.
One celebratory event for the industry will take place in July, when the Mexican paint and coatings association, Anafapyt, plans to hold its international trade show in Mexico City.*
International Trade Policy Changes Follow Contraction
The impact of the COVID-19 pandemic was devastating for Mexico’s economy.
The gross domestic product (GDP) fell by an estimated 8.8 percent, constituting the worst performance since the Great Depression of the 1930s.
The infection rate continues to ravage the country and even President Obrador has contracted the virus.
Now changing foreign trade policy in the United States and among other nations may have a substantial effect on Mexico’s short-term growth.
The United States has renegotiated the long-standing North American Free Trade Agreement (NAFTA), and the new United States-Mexico-Canada Agreement (USMCA) includes tougher requirements for U.S. content in exports from Mexico and Canada.
For example, for inter-regional trade in light vehicles, the USMCA requires 75 percent North American content compared with 62.5 percent content under NAFTA.
This could shift the sourcing of paint and coatings in the automotive industry more toward U.S. and Mexican manufacturers, and reduce imports from other countries like China.
Apart from U.S. influence, Japan and Mexico are reported to be cooperating more closely within the Trans-Pacific Partnership (TPP), which unites Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Japan’s Foreign Minister Toshimitsu Motegi plans to visit Mexico this year.
The U.S. was a member of a TPP fore-runner organization until 2017.
International capital has begun to return to Mexico with over $7 billion in new investment in Mexico government bonds during late 2020, according to a Reuters report, citing Bank of Mexico data. Last year $12.6 billion worth of the bonds was sold by investors, the data showed.
Mexico Leads LatinPin in 2021
Mexico is now taking its turn leading the Latin American paint and coatings association, the Federação Latino-Americana de Associações de Técnicos e Fabricantes de Tintas (LatinPin). The association, formed in 2013, includes members from Argentina, Brazil, Colombia, Ecuador, Mexico and Uruguay, the strongest economies in Latin America.
LatinPin already includes: Mexico’s Asociación Nacional de Fabricantes de Pinturas y Tintas do México (Anafapyt); Argentina’s Asociación Tecnológica Iberoamericana de Pinturas, Adhesivos y Tintas (Atipat); Brazil’s Associação Brasileira dos Fabricantes de Tintas (Abrafati); Bolivia’s Asociación Boliviana del Color y la Pintura (ABC); Colombia’s Asociación Colombiana de Técnicos en Recubrimientos (ACER); Equador’s Asociación Ecuatoriana de Técnicos en Recubrimientos (Aseter); and Uruguay’s Asociación de Fabricantes de Pinturas e Industrias Afines (Afpia).
As of December, Mexico’s president is now Arius Zúñiga, representing Anafapyt; the new first VP is Luiz Cornacchioni, representing Abrafati; and the new second VP is Nicolás Ladisernia, representing Atipat.
LatinPin will sharpen its focus on industry data gathering and standardization, on reducing the lead content in products and other sustainability issues, on regulatory standardization, on technical product improvements, and on technical training.
The association also hopes to integrate trade associations from more countries in the region.
Mexico’s Anafapyt Plans 2021
The Mexican paint and coatings association, Anafapyt will spearhead LatinPin activities this year. Anafapty reports that it represents 80 percent of the paint and coatings activity in Mexico.
In a survey of members last year, Anafapyt found that during the first six months of 2020, sales during the pandemic had decreased by over 25 percent for about half of all responding companies. Similarly, sales were reported down between 20 percent and 24 percent for about 15 percent of the respondents, and sales were flat for about 18 percent of the respondents.
A key reunion of Anafapyt, LatinPin and many international industry representatives will be at the Latin America Coatings Show (LACS) 2021 trade convention July 26-28 at the Mexico City Centro Citibanamex.*Information about the show can be obtained from Maria Florde, at Anafapyt (Phone: (52) 55 8434-0034, ext. 104, or email FlordeMaria@anafapyt.org.mx).
The last LACS, in 2019, included 5,750 visitors and 100 exhibitors, according to Anafapyt.
The association reported that attendees included representatives from Argentina, Belgium, Brazil, Canada, Chile, China, Colombia, Costa Rica, El Salvador, Germany, Spain, US, France, Guatemala, Netherlands, India, Korea, Mexico, Peru, Poland, Turkey, and Uruguay.
Anafapyt members include the following companies:
- Alvamex Quimica, S.A. De C.V.;
- Axalta Coatings Systems Mexico;
- Cia. Sherwin Williams, S.A. De C.V.;
- Color Latex, S.A De C.V.;
- Comercial Voller, S.A. De C.V.;
- Diluyentes Y Mezclas, S.A. De C.V.;
- El Nervion, S.A. De C.V.;
- Euroton De Mexico, S.A. De C.V.;
- Fabricante De Pinturas Acuario;
- Grupo Comex, S.A. De C.V.;
- Grupo Industrial Hitra, S.A. De C.V.;
- Grupo Pintone;
- Grupo Stoncor, S.A. De C.V.;
- Hi-Fil Pinturas S.A De C.V.;
- Imperlux;
- Industrial Tecnica De Pinturas, S.A. De C.V.;
- Isma De Mexico, S.A. De C.V.;
- Jasaquim, S.A. De C.V.;
- Latinoamericana De Pinturas, S.A. De C.V.;
- Mascomex, S.A. De C.V.;
- Mkt Desarrolladora De Aplicaciones, S.A. De C.V.;
- Nano Coatngs Technologies, S.A. De C.V.;
- Nasa Coat, S.A. De C.V.;
- Novasol Productos S.A De C.V.;
- Pasticolori, S.A. De C.V.;
- Permasol De México, S.A. De C.V.;
- Pintucom, S.A. De C.V.;
- Pinturas Berel, S.A. De C.V.;
- Pinturas Cuauhtemoc, S.A. De C.V.;
- Pinturas De Guatemala, S.A.;
- Pinturas De Occidente, S.A. De C.V.;
- Pinturas Diamex, S.A. De C.V.;
- Pinturas Doal, S.A. De C.V.;
- Pinturas G-3, S.A. De C.V.;
- Pinturas Hempel De Mexico, S.A De C.V.;
- Pinturas La Sultana, S.A.D E C.V.;
- Pinturas Mexicanas De Puebla, S.A. De C.V.;
- Pinturas Osel, S.A. De C.V.;
- Pinturas Recumex;
- Pinturas Thermicas Del Norte, S.A. De C.V.;
- Pinturas Y Recubrimientos Álvarez Saldaña, S.A. De C.V.;
- Pinturas Y Recubrimientos Avitla, S.A. De C.V.;
- Ppg Industries De Mexico, S.A. De C.V.;
- Productos Quimicos Y Pinturas, S.A. De C.V.;
- Psi Pinturas Del Centro, S.A. De C.V.;
- Pyrolac, S.A. De C.V.;
- Quimica Marel, S.A. De C.V.;
- Rch De Mexico, S.A. De C.V.;
- Road Safetly Supply De México S. D Rl. De C.V.;
- Sayer Lack Mexicana, S.A. De C.V. CW
*Please note as this article went to press the show has been reschedule for July 26-28, 2022.
Mexican President Manuel Lopez Obrador predicts a 4.6 percent rise in economic activity this year, while financier Goldman Sachs predicts a 3.8 percent rise and credit risk analyst Moody’s predicts 3.5 percent growth.
The recovery of the economy will bode well for the paint and coatings industry, which includes domestic production of roughly 1 billion liters (about 265 million gallons) per year.
One celebratory event for the industry will take place in July, when the Mexican paint and coatings association, Anafapyt, plans to hold its international trade show in Mexico City.*
International Trade Policy Changes Follow Contraction
The impact of the COVID-19 pandemic was devastating for Mexico’s economy.
The gross domestic product (GDP) fell by an estimated 8.8 percent, constituting the worst performance since the Great Depression of the 1930s.
The infection rate continues to ravage the country and even President Obrador has contracted the virus.
Now changing foreign trade policy in the United States and among other nations may have a substantial effect on Mexico’s short-term growth.
The United States has renegotiated the long-standing North American Free Trade Agreement (NAFTA), and the new United States-Mexico-Canada Agreement (USMCA) includes tougher requirements for U.S. content in exports from Mexico and Canada.
For example, for inter-regional trade in light vehicles, the USMCA requires 75 percent North American content compared with 62.5 percent content under NAFTA.
This could shift the sourcing of paint and coatings in the automotive industry more toward U.S. and Mexican manufacturers, and reduce imports from other countries like China.
Apart from U.S. influence, Japan and Mexico are reported to be cooperating more closely within the Trans-Pacific Partnership (TPP), which unites Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Japan’s Foreign Minister Toshimitsu Motegi plans to visit Mexico this year.
The U.S. was a member of a TPP fore-runner organization until 2017.
International capital has begun to return to Mexico with over $7 billion in new investment in Mexico government bonds during late 2020, according to a Reuters report, citing Bank of Mexico data. Last year $12.6 billion worth of the bonds was sold by investors, the data showed.
Mexico Leads LatinPin in 2021
Mexico is now taking its turn leading the Latin American paint and coatings association, the Federação Latino-Americana de Associações de Técnicos e Fabricantes de Tintas (LatinPin). The association, formed in 2013, includes members from Argentina, Brazil, Colombia, Ecuador, Mexico and Uruguay, the strongest economies in Latin America.
LatinPin already includes: Mexico’s Asociación Nacional de Fabricantes de Pinturas y Tintas do México (Anafapyt); Argentina’s Asociación Tecnológica Iberoamericana de Pinturas, Adhesivos y Tintas (Atipat); Brazil’s Associação Brasileira dos Fabricantes de Tintas (Abrafati); Bolivia’s Asociación Boliviana del Color y la Pintura (ABC); Colombia’s Asociación Colombiana de Técnicos en Recubrimientos (ACER); Equador’s Asociación Ecuatoriana de Técnicos en Recubrimientos (Aseter); and Uruguay’s Asociación de Fabricantes de Pinturas e Industrias Afines (Afpia).
As of December, Mexico’s president is now Arius Zúñiga, representing Anafapyt; the new first VP is Luiz Cornacchioni, representing Abrafati; and the new second VP is Nicolás Ladisernia, representing Atipat.
LatinPin will sharpen its focus on industry data gathering and standardization, on reducing the lead content in products and other sustainability issues, on regulatory standardization, on technical product improvements, and on technical training.
The association also hopes to integrate trade associations from more countries in the region.
Mexico’s Anafapyt Plans 2021
The Mexican paint and coatings association, Anafapyt will spearhead LatinPin activities this year. Anafapty reports that it represents 80 percent of the paint and coatings activity in Mexico.
In a survey of members last year, Anafapyt found that during the first six months of 2020, sales during the pandemic had decreased by over 25 percent for about half of all responding companies. Similarly, sales were reported down between 20 percent and 24 percent for about 15 percent of the respondents, and sales were flat for about 18 percent of the respondents.
A key reunion of Anafapyt, LatinPin and many international industry representatives will be at the Latin America Coatings Show (LACS) 2021 trade convention July 26-28 at the Mexico City Centro Citibanamex.*Information about the show can be obtained from Maria Florde, at Anafapyt (Phone: (52) 55 8434-0034, ext. 104, or email FlordeMaria@anafapyt.org.mx).
The last LACS, in 2019, included 5,750 visitors and 100 exhibitors, according to Anafapyt.
The association reported that attendees included representatives from Argentina, Belgium, Brazil, Canada, Chile, China, Colombia, Costa Rica, El Salvador, Germany, Spain, US, France, Guatemala, Netherlands, India, Korea, Mexico, Peru, Poland, Turkey, and Uruguay.
Anafapyt members include the following companies:
- Alvamex Quimica, S.A. De C.V.;
- Axalta Coatings Systems Mexico;
- Cia. Sherwin Williams, S.A. De C.V.;
- Color Latex, S.A De C.V.;
- Comercial Voller, S.A. De C.V.;
- Diluyentes Y Mezclas, S.A. De C.V.;
- El Nervion, S.A. De C.V.;
- Euroton De Mexico, S.A. De C.V.;
- Fabricante De Pinturas Acuario;
- Grupo Comex, S.A. De C.V.;
- Grupo Industrial Hitra, S.A. De C.V.;
- Grupo Pintone;
- Grupo Stoncor, S.A. De C.V.;
- Hi-Fil Pinturas S.A De C.V.;
- Imperlux;
- Industrial Tecnica De Pinturas, S.A. De C.V.;
- Isma De Mexico, S.A. De C.V.;
- Jasaquim, S.A. De C.V.;
- Latinoamericana De Pinturas, S.A. De C.V.;
- Mascomex, S.A. De C.V.;
- Mkt Desarrolladora De Aplicaciones, S.A. De C.V.;
- Nano Coatngs Technologies, S.A. De C.V.;
- Nasa Coat, S.A. De C.V.;
- Novasol Productos S.A De C.V.;
- Pasticolori, S.A. De C.V.;
- Permasol De México, S.A. De C.V.;
- Pintucom, S.A. De C.V.;
- Pinturas Berel, S.A. De C.V.;
- Pinturas Cuauhtemoc, S.A. De C.V.;
- Pinturas De Guatemala, S.A.;
- Pinturas De Occidente, S.A. De C.V.;
- Pinturas Diamex, S.A. De C.V.;
- Pinturas Doal, S.A. De C.V.;
- Pinturas G-3, S.A. De C.V.;
- Pinturas Hempel De Mexico, S.A De C.V.;
- Pinturas La Sultana, S.A.D E C.V.;
- Pinturas Mexicanas De Puebla, S.A. De C.V.;
- Pinturas Osel, S.A. De C.V.;
- Pinturas Recumex;
- Pinturas Thermicas Del Norte, S.A. De C.V.;
- Pinturas Y Recubrimientos Álvarez Saldaña, S.A. De C.V.;
- Pinturas Y Recubrimientos Avitla, S.A. De C.V.;
- Ppg Industries De Mexico, S.A. De C.V.;
- Productos Quimicos Y Pinturas, S.A. De C.V.;
- Psi Pinturas Del Centro, S.A. De C.V.;
- Pyrolac, S.A. De C.V.;
- Quimica Marel, S.A. De C.V.;
- Rch De Mexico, S.A. De C.V.;
- Road Safetly Supply De México S. D Rl. De C.V.;
- Sayer Lack Mexicana, S.A. De C.V. CW
*Please note as this article went to press the show has been reschedule for July 26-28, 2022.
