David Savastano, Editor11.21.16
The Latin and South American printing ink industry is a sizable market, with Ink World estimating its sales at more than $2 billion. The market is led by Brazil and Mexico, which have very different printing industries.
Fernando Tavara, president of Sun Chemical Latin America, noted these differences.
“Latin America is a vast region with big differences between countries and economies,” said Tavara. “Brazil, which is the main market in the region, has experienced difficulties, which are expected to continue. Mexico, the second biggest market, continues to grow at a solid pace, driven by the US economy. Thanks to recent government changes, imports have been opened in Argentina. Because of this change, Argentina is a country where we expect heavy local and international investments.”
Tavara added that in general, Latin America has had positive growth, although not at the same level of previous years.
“Packaging grew close to the GDP level o
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