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Toyobo to establish sales and marketing presence in Mexico for engineering polymers

9:59 AM MDT | August 7, 2014 | Francinia Protti-Alvarez

Toyobo will establish a company in Mexico in October, to carry out sales and marketing activities, the company announced. The new company will work to expand sales in the functional polymers–engineering plastics–business, but it is scheduled to become the Toyobo Group’s Central American regional office. The new company will accelerate the expansion of sales in the region and is aiming for annual sales of ¥2.0 billion ($19.53 million) by 2020, the company says. Car production in Mexico is expected to rise from about 3 million units/year at...

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