We are delighted to announce that Cabopol - Polymer Compounds, a leading European company in the production of thermoplastic & crosslinked compounds, is expanding its global presence with the opening of a new production unit in Monterey, Mexico. This new unit is part of our long-term strategy to provide our clients with even better products and services and to reach new markets.
This new production unit represents our commitment to growth and innovation in the polymer industry. With an initial configuration of 2 production lines and the potential for expansion, we expect to achieve a production capacity of 25,000 tons per year.
Notably, this is the first production unit in the American continent, paving the way for our expansion in this region. It follows the successful operations of our production units in Serbia, Morocco, and Portugal.
With an expected conclusion date of December 2023, this new production unit, located in the heart of Monterey's industrial zone, will cover an area of 10,000 square meters. Equipped with the latest technology and equipment, it will enable us to produce high-quality polymer compounds at a competitive cost. This expansion will significantly increase our production capacity, improve supply chain efficiency, and reduce lead times for our customers in the Mexican and American markets.
In response to this significant development, the Sales Director of Cabopol Polymer Compounds, Anselmo Mendes, expressed his enthusiasm: "The opening of our new production unit in Monterey, Mexico, marks a pivotal moment for Cabopol. We are dedicated to delivering the highest-quality polymer compounds, and this expansion allows us to further our commitment to excellence. We are excited to better serve our customers and contribute to the growth of the local economy."
We look forward to working closely with our partners and new customers in the region and to building lasting relationships.
