New facility would satisfy market’s need for CO2 & reduce Alpek’s carbon footprint Monterrey, N.L., Mexico. March 29th, 2021 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has formed a new joint venture company (“JV”) with ContourGlobal plc (“ContourGlobal”) to develop a CO2 capture and liquefaction facility. The site would be integrated into …
Cash dividend of $0.0596 dollars per share approved, equivalent to U.S. $126 million Monterrey, N.L., Mexico. March 9th, 2021 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Annual Shareholders’ Meeting, in which the Company’s 2020 annual report, presented by Armando Garza, Chairman of the Board, and José de Jesús Valdez, CEO, was approved. Shareholders …
Sets record once again with lowest coupon in its history at 3.25% Monterrey, N.L., Mexico. February 18th, 2021 – Alpek, S.A.B. de C.V. (“Alpek”) announced today the successful issuance of a U.S. $600 million bond in the international market, pursuant to Rule 144A and Regulation S. The notes have a 3.25% annual coupon, setting a …
Strong business fundamentals expected to carry over into 2021 Monterrey, N.L., Mexico. February 12th, 2021 – Alpek, S.A.B. de C.V. (“Alpek”) announced today its 2021 guidance figures and key assumptions. The strong fundamentals behind the company’s 2020 results are expected to largely carry over into 2021. In the Polyester segment, volume is expected to increase …
Monterrey, N.L., Mexico. October 19th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that one of its subsidiaries has signed an agreement with NOVA Chemicals Corporation (“NOVA Chemicals”) to acquire their expandable styrenics business by purchasing a 100% stake in BVPV Styrenics LLC, which owns and operates a facility located in Monaca, Pennsylvania, USA, …
Monterrey, N.L., Mexico. September 4th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that the financial restructuring agreement between M&G Polímeros México, S.A. de C.V. (“M&G Mexico”) and the majority of its creditors, including certain Alpek subsidiaries, has been approved on a definitive basis by the Mexican bankruptcy court. This approval would conclude the …
Monterrey, N.L., Mexico. May 21st, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) held today a General Shareholders’ Meeting, in which proposals presented by the Board of Directors, on resolutions related to the dividend decreed at the Annual Shareholders’ Meeting earlier this year, on February 27th, were approved. During the first quarter of the year, and …
Monterrey, N.L., Mexico. March 18th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that Corpus Christi Polymers LLC (“CCP”) has decided to extend its pre-construction period through the end of 2020. CCP is a joint venture among certain subsidiaries of Alpek, Indorama Ventures Holding (“Indorama”), and Far Eastern Investment (Holding) Limited (“Far Eastern”) created …
Cash dividend of U.S. $0.0386 per share approved, equivalent to U.S. $81.6 million Monterrey, N.L., Mexico. February 27th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Annual Shareholders’ Meeting, in which the Company’s 2019 annual report, presented by Armando Garza Sada, Chairman of the Board, and José de Jesús Valdez, CEO, was approved.Shareholders …
Monterrey, N.L. Mexico. February 13, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) announced today its 2020 Guidance which is based on an average Brent crude oil reference price of U.S. $59 per barrel. 2020 EBITDA Guidance includes an estimated U.S. $30 million non-cash gain from the business combination effect stemming from the acquisition of our …