09 November 2010 13:38 [Source: ICIS news]
RIO DE JANEIRO--Chemical companies are likely to expand capacity and build new plants in Latin America and ?xml:namespace>
"Capital investments are focused on building the regional markets," said Sarah Yarger Kienzle, vice president of strategy and operations at Nexant Chem Systems.
Kienzle was speaking on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting in Rio de Janeiro, Brazil.
Companies will rely on exports to some extent, but local demand is the primary focus of the new capacity, she said.
Momentive Specialty Chemicals opened
The APLA meeting ends on Tuesday.
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