Launching a successful acquisition of Polioles and Nylon de México, we entered the petrochemical industry with an initial product offering of glycols, polyurethanes, and fibers, both nylon and polyester.
Finding growing success, we expanded into the polyester fiber business acquiring Fibras Quimicas that over time evolved into Akra Polyester.
By acquiring Petrocel in 1978, we were able to integrate into dimethyl terephthalate (DMT), a feedstock that is used to produce polyester and is similar to Purified terephthalic acid (PTA).
That same year, we also formed a strategic alliance with BASF which boosted our expandable polystyrene (EPS), polyurethane, and specialty chemical businesses.
Jumping forward to 1988, we acquired Tereftalatos Mexicanos, our first PTA plant.
Forming a strategic alliance with LyondellBasell, we began operations of our first polypropylene plant in Mexico.
Alpek was created to manage our petrochemical businesses.
As the newly-formed Alpek, we integrated a nylon fiber business by acquiring Univex, a caprolactam plant in Salamanca, Mexico.
In a joint venture with BASF, we expanded Polioles’ EPS capacity with the construction of a new facility in Altamira, Mexico.
Finding a hospitable environment, Alpek expanded its polyester business by building a new PTA plant in Altamira, Mexico
In 1999, Alpek and LyondellBassell collaboratively built a propylene splitter in Altamira, Mexico to enhance Indelpro’s production capabilities.
For its first entry into the US market, Alpek acquired polyester assets marking our inaugural foray into Polyethylene terephthalate (PET), a thermoplastic polymer resin used in containers and fibers for clothing.
As part of our assertive growth plan, we expanded the Cooper River site in South Carolina thereby significantly increasing our PET capacity.
Alpek initiated a sizable expansion of the Altamira facility’s EPS capacity, which boosted it to the largest EPS site in the Americas.
As consumer demand continued to grow, we acquired our first PET manufacturing facilities in both Mexico and Argentina.
Alpek and LyondellBassell expanded Indelpro’s capacity with a second production line at their Altamira site. At present, Indelpro operates an installed capacity of 640K tons per year.
Seeing the broad need for recycling in the petrochemical industries, we entered into a strategic alliance with Shaw Industries to build one of the largest post-consumer PET recycling facilities in North America.
To further expand our polyester capabilities, we acquired Wellman’s PET plant in Bay St. Louis, Mississippi, and Eastman’s integrated PTA-PET site in Columbia, South Carolina.
That same year, Alpek acquired the intellectual property rights for IntegRex® technology.
Alpek goes public and is listed on the Mexican Stock Exchange using the ticker symbol ALPEKA. That same year, we were issued our first bond through international debt markets receiving “Investment Grade” ratings from Fitch, Moody’s, and Standard & Poors.
We successfully integrated our EPS facilities (recently acquired from BASF) in Brazil, Argentina, and Chile and created an aggregate capacity of 65 thousand tons per year.
Alpek further expanded by acquiring an EPS plant in Concon, Chile, with a 20 thousand ton per year capacity, as well as a controlling interest in Selenis Canada, Inc., Canada’s sole PET producer operating a plant in Québec with an annual capacity of 144 thousand tons.
Alpek saw further growth by acquiring both Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) from Petróleo Brasileiro S.A. (“Petrobras”). And a joint venture between Alpek, Far Eastern, and Indorama acquired the Corpus Christi Polymers project on equal terms with a nominal capacity of 1.1 million and 1.3 million metric tons per year of PET and PTA, respectively.
Heading into 2019, Alpek acquired Perpetual Recycling Solutions, LLC, located in Richmond, Indiana, increasing the rPET capacity by 45 thousand tons per year. We also acquired Lotte Chemical UK Limited, a site that operates a PET site with a capacity of 350 thousand tons and spearheading Alpek’s business entry into Europe.
Alpek acquired two Expandable Styrenics facilities through its subsidiary Styropek from NOVA Chemical Corporation - one in Monaca, Pennsylvania, and Painseville, Ohio - including an R&D pilot plant.
Alpek acquired CarbonLITE's state-of-the-art PET recycling facility in Reading, Pennsylvania. This increased Alpek's installed rPET capacity to 394 thousand tons, reaffirming its position as largest PET recycler in the Americas.
Alpek acquired OCTAL, integrating the company into the high-value PET sheet business segment with 400 ktons of capacity. Additionally, it increased its PET resin capacity by 576 ktons which will help meet customers' increased demand.