Tara Olivo, Associate Editor05.03.19
Despite its economic challenges, the Latin American market is still considered a region with potential for growth. In recent years, nonwovens producers and end-product manufacturers have been entering or expanding in the market through both acquisitions and investments.
Through its own acquisitions, Berry Global has gained a large presence in Latin America. Berry entered the nonwovens industry in 2014 when it purchased the world’s largest producer, Avintiv (formerly known as PGI). Prior to its acquisition, Avintiv/PGI made acquisitions and investments in the region including the purchase of Brazilian spunmelt maker Companhia Providencia in 2014, as well as adding printing, slitting and packaging capabilities for the personal care market at its San Luis Potosi, Mexico, site.
Today, Berry sees potential in the region within the hygiene market, despite market volatility. In March, during the conference session of IDEA19, Berry Global’s Francisco Tascón, product ma
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