U.S. $0.0674 per share cash dividend approved Monterrey, Mexico. February 27, 2017 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Ordinary General Shareholders’ Meeting. Shareholders approved the Company’s 2016 annual report presented by Armando Garza Sada, Chairman of the Board, and José de Jesús Valdez, CEO. A cash dividend of $0.0674 Dollar per share, …
Monterrey, Mexico. December 28, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it signed a share purchase agreement with Petróleo Brasileiro S.A. (“Petrobras”) for the acquisition of its 100% stake in Companhia Petroquímica de Pernambuco (“Petroquímica Suape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”). Petroquimica Suape and Citepe operate an integrated PTA-PET facility …
Monterrey, Mexico. November 03, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it continues negotiations with Petróleo Brasileiro S.A. (“Petrobras”) for its stake in Companhia Petroquímica de Pernambuco (“Petroquímica Suape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”). Negotiations have advanced in good terms. Petroquimica Suape and Citepe operate an integrated PTA-PET facility in …
Monterrey, Mexico. September 27, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it received a 30-day extension period to continue exclusive negotiations with Petróleo Brasileiro S.A. (“Petrobras”) for its stake in Companhia Petroquímica de Pernambuco (“Petroquímica Suape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”). Petroquimica Suape and Citepe operate an integrated PTA-PET facility …
Monterrey, Mexico. July 28, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it received an exclusive 60-day period to conduct negotiations with Petróleo Brasileiro S.A. (“Petrobras”) for its stake in Companhia Petroquímica de Pernambuco (“Petroquímica Suape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”). The 60-day exclusive negotiation period may be extended an additional …
Monterrey, Mexico. July 19, 2016 – Alpek, S.A.B. de C.V. announced today that it is increasing 2016 Consolidated EBITDA Guidance to around U.S. $700 million, based on better than expected year-to-date results and an updated outlook for the remainder of the year. The revised 2016 Consolidated EBITDA Guidance considers a higher average Brent crude oil …
U.S. $0.0518 per share cash dividend approved Monterrey, Mexico. February 24, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Ordinary General Shareholders’ Meeting. Shareholders approved the Company’s 2015 annual report presented by Armando Garza Sada, Chairman of the Board, and José de Jesús Valdez, CEO. A cash dividend of $0.0518 Dollar per share …
Monterrey, Mexico. February 11, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today its 2016 Guidance. 2016 Guidance is based on a lower oil and feedstock price environment, with an average Brent crude oil reference price of U.S. $38 per barrel. 2016 Guidance does not include any effect from inventory valuation.
Monterrey, Mexico. January 21, 2016 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has signed an agreement with M&G Chemicals (“M&G”) to add 100 thousand metric tons of integrated PET per year to the sourcing agreement announced on April 16, 2013. As reference, on April 16, 2013 Alpek announced that it had agreed …