Opportunity in Plastic Containers in Venezuela

The resin shortfall faced by manufacturers of plastic products in Venezuela, is affecting the dynamics of other industries, especially food and paint.

Tuesday, September 18, 2012

A statement from the Costa Rican Trade Promotion Office of (PROCOMER) reads:

Food and paint industries are facing shortages of plastic containers in Venezuela

The resin shortfall faced by manufacturers of plastic products in Venezuela, is affecting the dynamics of other industries, especially food and paints.

Jose Luis Perez, director of the Company Petroquímica de Venezuela (Pequiven, which is responsible for providing the raw material for plastic companies), acknowledged that plan for importing resin is not enough to meet domestic production of packaging, for so the problem will continue to exist.

Implications for Costa Rica, extrapolated to other Central American countries.

There is a clear need being presented in the Venezuelan market for plastic packaging for the food industry as well as the paint industry, which is a potential opportunity for Costa Rican producers of such products to increase their share in this market.



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