Latin America Streamlines; Firms Forge Stronger Links to Refining

Intensified Latin American M&A activity last year created a more streamlined regional petchem sector with remaining players better able to invest in upgrades and new facilities, experts say (CW, Nov. 14, 2007. p. 19). This year, however, continued weakness in the U.S. dollar has made petrochemicals produced in Latin America less competitive, particularly in Brazil where a strong currency has made imports more attractive, experts say. Brazil has also increased imports of finished products, which is curbing domestic demand for packaging resins, says Rina...

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