Abstract
Last month, Mexico's major chemical trade association abruptly canceled its annual forum shortly before it was scheduled to be held. Too many companies couldn't afford to send delegates to the meeting, says Carlos Pani, director general of the Asociacion Nacional de la Industria Quimica (ANIQ). That just about says it all about the situation in which the Mexican chemical industry finds itself today. It, along with all other Mexican industries, is in trouble—big trouble. And only the most optimistic of industry officials believe that the situation stands a chance of improving by the middle of next year. Most others believe it will take much longer for the industry to pull itself back onto the fast-growth track that made it the talk of the international chemical community. In fairness, the Mexican chemical industry is the victim of circumstances beyond its own control. The Mexican economy is shattered. Inflation is soaring above 100% per year. Unemployment is ...
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