Peru: Amsa looking at agro-exports options

Grupo Amsa, the leader of the Peruvian textile industry's acrylic thread segment and also an important player in PET packaging, is studying various projects of diversification. Pramod Mittal, general director of the group, says that most probably Amsa will step into the agro-exports arena in a couple of months time.

Regarding the performance of Filamentos Industriales, Mittal states that the industry was hit hard by the last customs-duty reduction from 12% to 9% on Asian synthetic threads and that Filamentos Industriales is crossing its fingers that another dip is not on the way despite having remained stable as a company thanks to costs- and margins-reductions.

Publication: SABI - Business News
Provider: South American Business Information
Date: January 18, 2008