Sinteplast Increases Latin America Footprint

摘要

Buenos Aires-based Sinteplast is methodically increasing its footprint in Latin America to further develop its export market for paints and coatings made in the region. With the latest purchase of a Sulan, a small manufacturer in Brazil, the company is solidifying its export potential, which hit some $9 million in 2015, the company indicatesd. While the Argentine market grew about six percent in 2015 thanks to strong architectural segment demand, the devaluation of the peso — now in free float - earlier this year is expected to diminish industry-wide growth. Sinteplast increased production last year by about 13 percent, according to comments by CFO Claudio Rodriguez made to Diario de Mendoza, in November.