New investments in industry and raw materials, as well as the modernization of infrastructures and industry practices, can help to reverse México's growing trade deficit and restore the health of its chemical industry.
México’s chemical industry includes more than 350 companies that operate more than 400 production plants, located mainly in the states of Veracruz and Tamaulipas along the Gulf of México, in the greater metropolitan area of México City, and in the state of Nuevo León in northeastern México along the Texas border. The privately owned petrochemical companies and foreign-owned chemical companies are tightly linked to the state-owned Petróleos Mexicanos (PEMEX), which supplies the industry’s main feedstocks and is also a major customer for the industry’s products.
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