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.