Monterrey, Mexico. March 21, 2018 Corpus Christi Polymers LLC (“CC Polymers”), a newly formed joint venture between Alpek, S.A.B. de C.V. (“Alpek”), Indorama Ventures Holdings LP (“Indorama”) a subsidiary of Indorama Ventures public company limited, and Far Eastern Investment (Holding) Limited (“Far Eastern”), has entered into an asset purchase agreement with M&G USA Corp. and […]

Monterrey, Mexico. February 7, 2018 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it obtained the required regulatory approval from the Court of the Administrative Council for Economic Defense (CADE) in Brazil to acquire 100% of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) from Petróleo Brasileiro S.A. (“Petrobras”). As part […]

Monterrey, Mexico. January 11, 2018 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it signed an agreement to provide secured financing to M&G Polímeros México, S.A. de C.V. (“M&G Mexico”). The new credit facility is secured by a second lien on M&G Mexico’s PET production facility in Altamira, Mexico, and has a two-year term for […]

Monterrey, Mexico. September 12, 2017 Alpek, S.A.B. de C.V. (“Alpek”) announced today that several subsidiaries of M&G Chemicals, S.A. (“M&G”) passed due on a number of payments associated with the supply ofpurified terephthalic acid (PTA).  As of today, M&G’s consolidated past due balance with Alpek amounts to US$ 49 million, approximately 40% of its total […]

Monterrey, Mexico. April 3, 2017 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it obtained all necessary corporate approvals to acquire 100% of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) from Petróleo Brasileiro S.A. (“Petrobras”) for U.S. $385 million. This amount is payable on the closing date for the two […]

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 in […]

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 Ipojuca, Pernambuco, Brazil with […]

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 in Ipojuca, Pernambuco, Brazil […]

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 30 days.  Petroquimica Suape and Citepe operate an integrated PTA-PET facility in Ipojuca, Pernambuco, […]

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 to acquire supply […]