Quantum Plastics expands its Footprints in Mexico with Plasticos Promex acquisition:

Mexico: Quantum Plastics, a Texas-based plastic products manufacturing company, has acquired the operations of Plasticos Promex, a Mexico-based injection molding manufacturer for a number of high profile brands in the appliance, consumer, electronics, industrial, and lawn and garden industries. Through this business move, Quantum Plastics expects to upgrade its growth strategy and will have the first international location for the company. Moreover, Plasticos Promex will offer market visibility to Quantum plastics in Mexico and also allow it to increase its presence southern United States. As Plasticos Promex is a ISO 9001:2008 certified company, it will enable the Quantum Plastics to project itself as an ideal moulder for a number of industries and manufacturing operations in the southern regions.

TechSci Research depicts that this agreement would increase the market presence of Quantum plastics in Mexico and United States, which will altogether improve the plastics and injection mouldings market in the region. The strategic alliances and Merger & acquisitions are one of the best practices occurring in plastics industry in recent years and is expected to foster high growth in the industry.

According to TechSci Research report “Qatar Masterbatch Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021”, the masterbatch market in Qatar is projected to reach US$ 23.28 million by 2021. Volume growth in masterbatch market in Qatar is anticipated on account of rising demand from processors using blown film extrusion process for manufacturing plastic sheets or films.