10 November 2011 19:36 [Source: ICIS news]
BONITA SPRINGS, Florida (ICIS)--Chemicals distribution in ?xml:namespace>
Speaking on the sidelines of the 40th annual meeting of the National Association of Chemical Distributors (NACD), Eugenio Manzano, executive director of Mexico-based chemical distributor Grupo Pochteca (GP), said business in
Growth in the region’s chemicals sector has been “north of 3%/year,” said Manzano, because of increased diversification of trade.
He said more Latin American business was being conducted with Asia and Europe, meaning a lessening of the region’s reliance on trade with the
However, Manzano does note that “if
“Jobs are coming back to
Companies have been encouraged by lower interest rates, a better service component to the value train, and proximity to the
The primary macroeconomic trends in Latin American chemical production are the ones that are “recession resistant,” said Manzano, such as personal care items and products for the food value chain, from agro-chemicals to food ingredients.
In addition, he cited especially strong growth this year in water treatment chemicals and pharmaceuticals.
The potential for even greater growth in the Latin American region has been hindered because the chemicals distribution sector is “very fragmented … and ‘Responsible Distribution’ is not commonplace,” said Manzano.
“There are many smaller family businesses that don’t see the benefit of the programme,” he said.
The Responsible Distribution program is an NACD initiative that requires third-party verification of a chemical distributor’s safety measures, and it obliges members to continuously improve performance in health, safety, and security.
GP is the only Mexican distributor enrolled in the NACD’s Responsible Distribution, he said.
This is changing, though, as suppliers and their customers, especially the larger multinationals companies “are pushing for better practices”, he said.
The NACD annual meeting began on Monday and was to conclude on Thursday.
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