"The main problem of the chemical industry when it comes to offshoring is that it is a capital-intensive industry and the establishment of new operating units is very complex."
"Our goal is to maximize participation in mining tenders. We aim to secure new projects and diversify our client base and, in the long run, obtain an open-pit mining project."
"The IOCs and NOCs, faced with production instability and uncertainties, shifted their focus from large-scale investment projects to maintaining and optimizing existing production capabilities."
"There are some fantastic technologies and advancements that can help companies change and improve their operations and make them safer and more sustainable."
"At San Gabriel, we reached a capex of nearly US$140 million, and for 2024 we estimate investing close to US$200 million. We expect to complete construction in 2025 and obtain the first gold bar by the end of that year."
"If the authorities inform us that we can start the development of our projects tomorrow, rest assured that we will assemble teams with the best professionals in both the productive, social, and environmental areas to achieve benefits for all."
"We progressed on the development of our New Innovative Products (NIP), which are complex generics developed using in-house proprietary technology platforms."
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.