Latin America PET Resin Trade, Application & Recycling
20-21 Oct, 2014 - Mexico City, MEXICO
Hyatt Regency Mexico City
Latin America PET Resin Trade, Application & Recycling
Hyatt Regency Mexico City
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Argentina based DAK Americas, a polyethylene terephthalate (PET) resins producer, will acquire of CabelmaPET S.A., a PET bottle recycling operation based in Buenos Aires, Argentina.
Currently, CabelmaPET recycles over 16,000 tons of PET bottles per year. On the other hand, DAK produces over 190,000 metric tons of virgin PET resins per year in Argentina.
With the new acquisition, DAK plans to integrate CabelmaPET's post-consumer recycled material into its existing manufacturing process.
DAK plans to integrate products from both the facilities and market them under its Laser+ brand of PET resins.
Customers primarily in the bottling and packaging industries are likely to benefit from DAK's recycled PET material.
12th LAPET conference coming to Mexico City on 20-21 October, 2014 seeks to discuss impact of such development and provide industry views on PET recycling in LATAM.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
14 Oct, 2014
Andrew Streeter, director, CPS International says, "There is a Battle Royale between liquid cartons and PET (and polyolefins) bottles in aseptic."
Given the fact that the cost and size of aseptic lines are falling, Streeter says that packaging technology is likely to become more mainstream leading to an increased competition between two major types of packaging - cartons and PET bottles.
The benefits of aseptic fill are more or less lost to the consumer.
Despite criticisms related to waste accusations, better communication can help the packaging industry get an edge with 'virtuous circle' technologies such as aseptic offerings by leveraging on benefits of "freshness, safety, taste, naturalness and lower material use".
Apart from brand owners striving for unique packaged brands, Streeter feels that on-pack communication and a change in the collective mind-set can help create a more secure virtuous circle for everyone involved in the packaging industry.
Mr. Andrew Streeter is speaking on 'Packaging Driving Market Change - Impact on Beverages & Beyond' at the upcoming 12th LAPET conference in Mexico City on 20-21 October, 2014.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
22 Sep, 2014
Coca-Cola along with 8 bottlers in Mexico will invest more than $8.2 billion into the Mexico market over a period of 6 years. Mexico happens to be the Cola giant's second-biggest market by volume of sales and largest by per capita sales, globally.
This announcement comes as a surprise, especially because of the recent 12% tax introduced by Mexico on full-calorie sodas, teas and juices that will directly impact Coca-Cola's business.
In fact Coca-Cola's Mexican bottlers have also admitted that the soda sales have been hit in 2014 because of the soda tax.
The huge size of the Mexican market, which has the third biggest population of any country in the Americas, with more than 110 million inhabitants, is what Coca-Cola is eyeing.
However, it's not only Coca-Cola, earlier in 2014, beverages major PepsiCo announced plans to put in $5 billion into the Mexican market over a five year time period, while Nestlé SA said it will invest $1 billion.
The soda tax is intended to control the growing obesity and diabetes rates in Mexico, where a third of children and more than two-thirds of adults are affected by these problems.
More on the beverages and PET bottling market will be discussed at the upcoming conference - 12th LAPET in Mexico City on 20-21 October, 2014.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
21 Aug, 2014
In a move to combat the obesity rates in Mexico, which is highest in the world, the country has enacted a new soda tax. The tax levied on sugar-sweetened beverages stands at 10% per liter.
In a country where 118 million people drink 163 liters of soda each, or nearly half a liter a day, the new tax is expected to reduce the soda consumption levels to 141 liters per year, preventing up to 630,000 cases of diabetes by 2030. However, there is no conclusive evidence from any other country that raising the price of sugar-sweetened drinks have helped curb obesity levels.
As expected, the tax has not found much support among soft drinks manufacturers, who claimed that the rise in the new tax will impact the earnings of small scale shops that sell soft drinks and also impact the job market.
The tax will put burden on the poor, who would end up paying more than the 6% of income they spend now on their soft drinks, according to Jorge Romo of Asociación Nacional de Productores de Refrescos y Aguas Carbonatadas (ANPRAC), the soft drinks manufacturers association. It's also predicted that the consumption might go down for the first 3-6 months, but people will get back to their regular consumption levels after a while.
However, Coca Cola's Latin American president, Brian Smith, has meanwhile pledged to focus on sales of low-calorie and no-calorie drinks, and improve the transparency of labelling and not market fizzy drinks to children under 12.
Although other Latin American countries haven't levied any such tax yet, countries such as Ecuador, Peru and Chile, are already working on ways to reduce the marketing of soft drinks to children and make beverages labelling more stringent so that families can make informed decision based on nutritional information. Some also expect the Mexico's tax on soda drinks to have a domino effect on other Latin American countries.
How will the new tax impact the sales of soda drinks market in Mexico remain to be seen. Moreover, its impact on PET bottle demand and supply in Mexico is also an important trend to look out for.
12th LAPET (Latin America PET Resin Trade, Application & Recycling) conference coming to Mexico City on 20-21 October, 2014 will be a timely platform to discuss the impact of the tax on the beverages market.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
04 Jul, 2014
