MÃ¸lndal, Sweden - Hexagon Polymers is planning a new compounding unit in Mexico, scheduled to be up and running by the third quarter of 2007.
Initially the compounding plant will have one mixer, that will be an existing mixer moved from the Hexagon Polymers' Canadian plant in Magog, Quebec, but the design allows for a second line. If demand-growth is maintained, said Hexagon, that could be in operation as soon as 2008.
â€œOur customers in Mexico - mostly automotive suppliers - are expanding heavily, mainly due to the shift from American and Canadian car manufacturers to production units in central Mexicoâ€, explains Lars Olofsson, CEO of Hexagon Polymers. â€œThe overall trend is that car production in Mexico will be doubled by 2010, from less than 2 million cars to 4 million cars.
"Our strategy is to maintain our strong position and develop our production units in the western world and, at the same time, expand continuously in the developing countries," he concluded
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