About Oatey Latam and Its New Plant
Oatey Latam, a US-based manufacturer of PVC pipe cement, has inaugurated its first plant in Nuevo León, Mexico. The new facility will serve as a strategic hub for exporting approximately 70% of its production to Latin America and the Caribbean, according to Hernán Lozano, the company’s vice president.
Strategic Importance and Expansion Plans
Lozano emphasized, “We have placed our trust in Mexico and specifically in Nuevo León for this significant investment.” He further stated that the new plant will not only strengthen their presence in the country but also across Latin America and the Caribbean, with potential expansion to Canada. Oatey Latam claims to be the world’s largest manufacturer of PVC pipe cement.
Production and Growth Expectations
The new plant is expected to produce over 12 million units (of pipe cement) annually, with a target of reaching 20 million units. Lozano highlighted Nuevo León’s strategic position for manufacturing and exportation, allowing Oatey Latam to grow within its facilities and expand its market reach.
Support from Local Authorities
Recognition of Local Talent
Betsabé Rocha Nieto, Secretary of Economy for Nuevo León, praised Oatey Latam’s arrival in the region, stating, “The coming of Oatey LATAM to Nuevo León confirms our industrial leadership and commitment to quality job creation.” She added, “We are proud to support companies that trust in local talent and work to provide a competitive, sustainable, and inclusive ecosystem.”
Inauguration Attendees
Notable attendees during the inauguration included Michelle Newland, Oatey International’s executive vice president; Juan Pablo García Garza, General Director of the Nuevo León Industrial Transformation Chamber (Caintra); Eladio Ruiz, Subsecretary of Investment; and various clients, customers, and suppliers from different Mexican states, the United States, India, and Latin America.
Key Questions and Answers
- What is Oatey Latam and what does it manufacture? Oatey Latam is a US-based company that produces PVC pipe cement, used to join PVC pipes in the plumbing sector.
- Why did Oatey Latam choose Nuevo León for its new plant? Nuevo León’s strategic position for manufacturing and exportation made it an ideal location for Oatey Latam’s growth.
- What are the production and expansion targets for Oatey Latam? The new plant aims to produce over 12 million units of pipe cement annually, with a goal of reaching 20 million units. The company plans to expand its market reach, potentially including Canada.
- What role do local authorities play in Oatey Latam’s investment? Local authorities, such as the Secretary of Economy for Nuevo León, have expressed their support for Oatey Latam’s investment and emphasized the region’s competitive, sustainable, and inclusive ecosystem for businesses.
