ILMA Compoundings July 2017 - 20
May about corruption has created
some doubts about the near future.
"The stock market dropped and the
U.S. dollar increased considerably, 8.8
percent in first day after the news were
released," Canoura said.
Canoura said the most important
market segment, or at least the one
that gets higher standards, is car and
component manufacturing within
on mineral oil. "Recently we have
been talking about bio-lubricants as
something that is being promoted in
the market, but I believe that these
products are still minimal in comparison," Canoura said.
The latest economic news indicates
that the Latin American and Caribbean region would grow about 1.1
percent during 2017, Canoura said.
the metallurgic industry. "Brazil is
the most important trade partner of
Argentina. Therefore, what happens
there immediately impacts Argentina,"
he said.
Even though synthetics fluids are
more common in the market, most
metalworking fluids are still based
"Argentina is doing better with
forecasted growth of 2.8 percent [gross
domestic product], but Brazil will
grow only 0.9 percent as per latest economic reviews," he explained.
Canoura said it is difficult to predict
the near future in the region as situations can change rapidly. "A lack of
confidence and uncertainty of future
economic evolution affects the whole
economy," he said.
Paredes said blending in Central America and the Caribbean has been reduced
to a small number of plants, including
those in El Salvador, Panama, Jamaica,
Dominican Republic, and Trinidad and
Tobago. He said several acquisitions have
introduced new players and an effort to
optimize costs has changed logistics.
"The latest economic
news indicates that
the Latin American
and Caribbean region
would grow about 1.1
percent during 2017"
20
JULY 2017
| COMPOUNDINGS | ILMA.ORG
"As a whole, Latin
America doesn't have
a strong regulatory
environment on
industrial chemicals"
In Central America and the Caribbean, most lubricants are imported
from the U.S., but Padres is now
seeing more brands from other parts of
the world, including China.
INCREASED REGULATORY ACTION
Eggenschweiler said the regulatory
environment in Latin America as it relates to the lubricant industry is much
more laissez-faire than in the U.S., but
there are some degrees of exception.
"As a whole, Latin America doesn't
have a strong regulatory environment
on industrial chemicals generally, and
that would include lubricants," he
said, adding that there are controls on
imports and on certain hazardous and
toxic substances within the chemical industry, which are regulated by
http://www.ILMA.ORG
ILMA Compoundings July 2017
Table of Contents for the Digital Edition of ILMA Compoundings July 2017
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
Market Report
LATIN AMERICA’S LUBRICANT DEMAND
GLIDING INTO THE FUTURE
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings July 2017 - Cover1
ILMA Compoundings July 2017 - Cover2
ILMA Compoundings July 2017 - 1
ILMA Compoundings July 2017 - 2
ILMA Compoundings July 2017 - LETTER FROM THE CEO
ILMA Compoundings July 2017 - INSIDE ILMA
ILMA Compoundings July 2017 - 5
ILMA Compoundings July 2017 - WHAT’S COMING UP
ILMA Compoundings July 2017 - 7
ILMA Compoundings July 2017 - INDUSTRY RUNDOWN
ILMA Compoundings July 2017 - 9
ILMA Compoundings July 2017 - In the Know
ILMA Compoundings July 2017 - 11
ILMA Compoundings July 2017 - Market Report
ILMA Compoundings July 2017 - 13
ILMA Compoundings July 2017 - 14
ILMA Compoundings July 2017 - 15
ILMA Compoundings July 2017 - 16
ILMA Compoundings July 2017 - 17
ILMA Compoundings July 2017 - LATIN AMERICA’S LUBRICANT DEMAND
ILMA Compoundings July 2017 - 19
ILMA Compoundings July 2017 - 20
ILMA Compoundings July 2017 - 21
ILMA Compoundings July 2017 - 22
ILMA Compoundings July 2017 - 23
ILMA Compoundings July 2017 - GLIDING INTO THE FUTURE
ILMA Compoundings July 2017 - 25
ILMA Compoundings July 2017 - 26
ILMA Compoundings July 2017 - 27
ILMA Compoundings July 2017 - 28
ILMA Compoundings July 2017 - 29
ILMA Compoundings July 2017 - BUSINESS HUB
ILMA Compoundings July 2017 - 31
ILMA Compoundings July 2017 - COUNSEL COMPOUND
ILMA Compoundings July 2017 - 33
ILMA Compoundings July 2017 - 34
ILMA Compoundings July 2017 - WASHINGTON LANDSCAPE
ILMA Compoundings July 2017 - 36
ILMA Compoundings July 2017 - 37
ILMA Compoundings July 2017 - Member Connections
ILMA Compoundings July 2017 - 39
ILMA Compoundings July 2017 - Cross Connections
ILMA Compoundings July 2017 - 41
ILMA Compoundings July 2017 - 42
ILMA Compoundings July 2017 - 43
ILMA Compoundings July 2017 - PORTRAIT
ILMA Compoundings July 2017 - Cover3
ILMA Compoundings July 2017 - Cover4
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