Delta Tecnic to open its first plant in Mexico [ Mexico ]
Delta Tecnic, a company specializing in the production and distribution of color concentrates and raw materials for applications such as plastics and cables, announced that it will open a new plant in Queretaro, Mexico. Delta Tecnic has invested approximately EUR 4.5 million into the plant, which will focus on providing products in the Americas for the automotive industry. The plant will initially have an area of 3,000 square meters that can be further expanded to 5,000 square meters. Currently, Delta Tecnic has a 47% market share in color concentrates for automotive cables, and aims to reach a 60% market share in five years. The plant is expected to open by the first quarter of 2021.
(Multiple news articles on October 8, 2020)