San Pedro Garza García, N.L., México, July 24, 2019 Alpek, S.A.B. de C.V. (“Alpek”) announces today that its subsidiary Alpek Polyester has joined The Recycling Partnership as an active member in support of the organization’s goals of increasing residential recycling rates and the need for increased availability of recycled materials to enable the creation of …
Cash dividend of U.S. $0.0677 per share approved, equivalent to U.S. $143.4 million Monterrey, Mexico. February 27, 2019 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Ordinary General Shareholders’ Meeting, in which the Company’s 2018 annual report, presented by Armando Garza Sada, Chairman of the Board, and Jose de Jesus Valdez, CEO, was approved. …
Monterrey, Mexico. February 14, 2019 – Alpek, S.A.B. de C.V. (“Alpek”) announced today its 2019 Guidance which is based on an average Brent crude oil reference price of U.S. $68 per barrel. 2019 EBITDA Guidance includes an estimated U.S. $200 million gain from the planned sale of the cogeneration power plants. Non-cash inventory gains/losses are …
San Pedro Garza Garcia, Nuevo Leon, Mexico. January 9, 2019 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that one of its subsidiaries has signed an agreement with Perpetual Recycling Solutions, LLC (“Perpetual”) to acquire a PET recycling plant in Richmond, Indiana, USA. The Perpetual PET recycling plant has an installed capacity to produce approximately …
San Pedro Garza Garcia, Nuevo Leon, Mexico. January 6, 2019 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has signed a final agreement for the sale of its Cosoleacaque and Altamira cogeneration power plants, located in Mexico. Under the terms of the agreement, Alpek will sell its entire stake in the companies that …
San Pedro Garza Garcia, Nuevo Leon, Mexico. December 28, 2018 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that Corpus Christi Polymers LLC (“CC Polymers”), a joint venture among certain subsidiaries of Alpek, Indorama Ventures Holding (“Indorama”), and Far Eastern Investment (Holding) Limited (“Far Eastern”), has successfully completed the previously announced acquisition of the Corpus …
San Pedro Garza Garcia, Nuevo Leon, Mexico. December 21, 2018 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that Corpus Christi Polymers LLC (“CC Polymers”), a joint venture among certain subsidiaries of Alpek, Indorama Ventures Holding (“Indorama”), and Far Eastern Investment (Holding) Limited (“Far Eastern”), received regulatory clearance from the United States Federal Trade Commission …
San Pedro Garza García, Mexico. November 15, 2018 – Alpek, S.A.B. de C.V. (“Alpek”) participated today in the “ALFA Investor Day”, hosted by ALFA for investors and analysts in New York City. José de Jesús Valdez, Alpek’s CEO, discussed recent developments, strategy and outlook. His presentation is available at: https://www.alpek.com/news-press.html . Video of the event …
Monterrey, Mexico. September 26, 2018 – Alpek, S.A.B. de C.V. (“Alpek”) announced today the appointment of José Carlos Pons de la Garza as Chief Financial Officer (“CFO”), effective as of October 1, 2018. José Carlos is VP of Business Development at Nemak, S.A.B. de C.V. (“Nemak”) since 2016. During his 22 year tenure with the …
Monterrey, Mexico. July 19, 2018 – Alpek, S.A.B. de C.V. announced today an update of its 2018 Consolidated Guidance, based on better-than-expected year-to-date results and the outlook for the remainder of the year. The revised figures include the estimated contribution of PetroquímicaSuape and Citepe (Suape/Citepe) to Volume, Sales and EBITDA. The new 2018 Consolidated Guidance …