19 August 2010 22:00 [Source: ICIS news]
MEXICO CITY (ICIS)--The head of a Mexican plastics industry association said its businesses will invest $125m (€98m) in 24 recycling plants in that country, according to news reports on Thursday.
Industrialists of the Plastic Market (Inboplast) president Juan Antonio Hernandez said 60 of the association’s business affiliates would make the investment.
The businesses pledged that by year's end, every plastic bag they made would be composed of at least 40% recycled plastic, while some plants would make 100% recycled products.
Hernandez said the move was made “in order to promote a culture of sustainability among the Mexican population”, according to news reports.
A law restricting plastic bags in ?xml:namespace>
The law prohibits businesses from giving away the bags for free.
To comply with the new law, companies will most likely start charging customers a fee of Mexican peso (Ps) 1 (8 cents) for each bag.
($1 = €0.78)
($1 = Ps12.62)
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