Monterrey, N.L., México, November 25, 2019 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has finalized the sale of its two electric power cogeneration plants located in Cosoleacaque and Altamira, México. The agreement includes the sale of Alpek’s full stake in both Cogeneración de Altamira, S.A. de C.V. and Cogeneración de Energía Limpia de Cosoleacaque, S.A. de C.V., to ContourGlobal Holding de Generación de Energía de México, S.A. de C.V., a subsidiary of ContourGlobal […]

Monterrey, N.L., Mexico. October 29, 2019  Alpek, S.A.B. de C.V. (BMV: ALPEKA) (“Alpek”), one of the largest petrochemical companies in the Americas, announced today that one of its subsidiaries has signed an agreement with Lotte Chemical Corporation to acquire a 100% stake in Lotte Chemical UK Limited, which owns and operates a 350,000 ton per year polyethylene terephthalate (“PET”) facility in Wilton, United Kingdom.  “This acquisition is well aligned with Alpek’s growth strategy, creating substantial value by integrating the asset into our global polyester footprint, marking our first acquisition outside of the Americas, and growing our current worldwide […]

Monterrey, N.L., México, September 10, 2019 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has met all the legal dispositions required by the Comisión Federal de Electricidad (CFE) and Centro Nacional de Control de Energía (CENACE), to begin commercial operations at Cogeneración de Altamira S.A. de C.V., its 350MW electric power cogeneration plant in Altamira, Mexico. The plant will officially start its commercial operations as of 00:00 hours on September 11, 2019.  Alpek has now met all the regulatory requirements needed for the sale of its two power cogeneration plants. Having […]

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 circular business models. Specifically, […]

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 45,000 tons per […]

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 own both facilities; Cogeneración […]

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 (“FTC”), […]

Monterrey, Mexico, July 16th, 2018 Alpek, S.A.B. de C.V. (“Alpek”) informs that a fire occurred in a section of its PTA plant in Altamira, Mexico on Sunday, July 15th. The situation was controlled promptly by internal and external emergency response teams with no reported injuries.  Alpek is working to mitigate the impact of the temporary […]

Monterrey, Mexico. April 30, 2018 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it completed the acquisition of Companhia Petroquímica de Pernambuco (“Petroquímica Suape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) from Petróleo Brasileiro S.A. (“Petrobras”) through two of its wholly-owned subsidiaries. Pursuant to the purchase agreement, Alpek acquired Petrobras’ 100% stake in the two […]