Karen McIntyre, Editor02.02.17
Like other developing regions of the world, Latin America has traditionally been seen as a region ripe for potential growth. Between 2000 and 2010, investment in the region reflected this as Berry Plastics (back when it was known as PGI) added new lines in Argentina and Colombia, Fitesa expanded in Peru and Brazil and Companhia Providencia (before it was owned by Berry Plastics) added lines to feed consumers’ growing needs for hygiene products at a rapid rate in Brazil.
All of this optimism, however, came to a grinding halt a few years ago when economic crises began impacting consumer spending in many countries.
“One of the lessons learned is that forecasts for growth are only as good as the economic projections for the region,” says Rick Jezzi, a nonwovens industry consultant who recently authored INDA’s South American Industry Outlook 2015-2020. “In 2012, everything was going gangbusters and then disaster struck. Brazil has had a negative economy f
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