“Our company continues to capitalize on its market leadership and financial strength to expand its productive capacity with its own resources as a Mexican T-MEC company,” said Miguel Rincón, president of the Bio Pappel board, quoted in a statement.
The company stated that this investment is the response to the growing demand for the wave of reindustrialization and nearshoring generated by the Free Trade Agreement Mexico, the United States and Canada.
“This agreement represents one of the most important alliances of this century with an intrinsic value of trillions of dollars,” the company said in the statement.