Peru: Mexico's Mexichem has announced plans to acquire a Peruvian company in 2016 in order to participate in a new sector, diversifying its operations to achieve further growth. This will be Mexichem's fourth acquisition in Peru, as it has already purchased Plastisur, Interquimica and Comindustrias del Peru.
Mexichem's national operations are mainly focused on the infrastructure and construction sectors, in which it offers comprehensive solutions via its Plastisur and Pavco brands. Mexichem will also compete within the telecommunications and gas markets in 2016 and it plans to enter the cement industry with the company's existing product portfolio.
The aim in the cement sector is to import and sell fluorite. There is potential in the market as Peruvian companies use a different substance and fluorite can help to improve the mineralisation of cement, as well as reduce fusion temperatures. Mexichem is in talks with several local cement companies and progress is being made with respective tests for the use of this product.