Monterrey, Mexico. July 22, 2015 – Alpek, S.A.B. de C.V. announced today that it is increasing 2015 Consolidated EBITDA Guidance to around U.S. $585 million, based on better than expected year-to-date results and its outlook for the remainder of the year. 2015 EBITDA Guidance does not include any impact from inventory valuation.
Monterrey, Mexico. February 24, 2015 – Alpek, S.A.B. de C.V. (“Alpek”) announced today its 2015 Guidance. Guidance is based on a lower and stable oil and feedstock price environment through year-end, with an average Brent crude oil reference price of U.S. $56 per barrel. Estimated savings from the Cosoleacaque cogeneration plant (U.S. $30 million) and …
Monterrey, Mexico; Ludwigshafen, Germany – July 10, 2014 – Alpek, S.A.B. de C.V. (“Alpek”) and BASF announced today that they have signed agreements concerning the EPS (expandable polystyrene) and PU (polyurethane) business activities of their Polioles joint venture in Mexico, and BASF’s EPS business in North and South America, excluding BASF’s Neopor® (grey EPS) business. …
Monterrey, Mexico. September 26, 2013 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that its subsidiary, Grupo Petrotemex, S.A. de C.V., signed a joint venture (“JV”) agreement with Joint Stock Company United Petrochemical Company (“UPC”), a subsidiary of Sistema JSFC (“Sistema”), for the construction of an integrated purified terephthalic acid (“PTA”) – polyethylene terephthalate (“PET”) …
Monterrey, Mexico. August 5, 2013 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has agreed on pricing for the issuance of U.S. $300 million aggregate principal amount of 5.375% Senior Notes due 2023. Alpek intends to use the net proceeds from the issuance to prepay outstanding debt and for general corporate purposes. The …
Monterrey, Mexico. June 19, 2013 – Alpek, S.A.B. de C.V. (“Alpek”) announced today the planned closure of all operations at its Cape Fear site, near Wilmington, NC. The site was built in the late 1960’s and acquired in 2001 by one of Alpek’s subsidiaries (DAK Americas LLC). The vast majority of the Cape Fear site …
Monterrey, Mexico. April 16, 2013 – Alpek, S.A.B. de C.V. (“Alpek”), announced today that it has signed an IntegRex® PTA license agreement and a PTA-PET sourcing agreement with the M&G Group (“M&G”). Under the agreements, M&G will license Alpek’s IntegRex® PTA technology for the construction of its new integrated PTA-PET plant in Corpus Christi, Texas …
Monterrey, Mexico. November 20, 2012 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has successfully issued U.S. $650 million aggregate principal amount of 4.5% Senior Notes due 2022. Alpek Intends to use the net proceeds from the issuance primarily to prepay outstanding debt and for general corporate purposes. The notes received investment grade …
Monterrey, Mexico. October 30, 2012 – Alpek, S.A.B. de C.V. (“Alpek”), through its subsidiary Grupo Petrotemex, S.A. de C.V. (“GPT”), and Indorama Holdings Rotterdam B.V. (“IRH Rotterdam”) have entered into an Integrex® technology licensing agreement. The agreement enables IRH Rotterdam to use Alpek’s Integrex® technology for the expansion of its PTA plant in Rotterdam, The …