Mexico Pemex expects good year for PE despite slow patch in Feb

15 March 2013 04:05  [Source: ICIS news]

MEXICO CITY (ICIS)--Mexico's state-owned polyethylene (PE) producer Pemex Petroquimica expects demand for linear low density PE (LLDPE) and low density PE (LDPE) to grow substantially year on year, despite experiencing a slow patch in February, an executive said on Thursday.

Overall, demand is growing because of growth from the food packaging industry and from manufacturers, said Jorge Carrillo, manager of sales for Pemex Petroquimica.

Carrillo made his comments on the sidelines of the Plastimagen plastics conference.

Mexico's manufacturing sector is growing because of rising automobile production and because companies moving capacity back to the western hemisphere.

Pemex Petroquimica expects its polyethylene business will repeat its performance in 2012, despite having a slow patch in February, he said.

Sales fell sharply that month, and it is unclear whether they will recover in March, Carrillo said. However, the rest of the year should offset February.

Plastimagen ends on Friday.

By: Al Greenwood
+1 713 525 2645

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index