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    ALPEK A   MX01AL0C0004

ALPEK, S.A.B. DE C.V.

(ALPEK A)
  Report
End-of-day quote Mexican Stock Exchange  -  2022-11-27
27.61 MXN   -1.78%
11/22Analysis-Mexican companies could resort to more spinoffs to enhance market value
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11/07ALPEK, S.A.B. DE C.V. : Ex-dividend day for final dividend
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ALPEK B de C : joins Cyclyx, a recycled feedstock consortium

08/10/2022 | 04:13pm EST

Reaffirming its commitment to foster circularity for Expandable Styrenics

Monterrey, N.L., Mexico. August 10, 2022 - Alpek, S.A.B. de C.V. ("Alpek" or "the Company") announced today that its Expandable Styrenics subsidiary, Styropek S.A. de C.V., has joined Cyclyx International, LLC ("Cyclyx"), a consortium-based company, that focuses on establishing a circular pathway for plastic recycling through innovative methods. Having more feedstock available will significantly support Styropek's EPS projected recycling capacity to achieve its circularity target: "Alpek commits to grow its long-term usage and sustainable applications for EPS, work on biodegradable alternatives, and increase recycling content in select products to at least 30% by 2030."

Styropek's EPS production is primarily used for long-term industries such as construction due to its thermal insulation properties which allow it to reduce the carbon footprint for homes and buildings. However, for its short-term usage products, the Company continues to establish its role as a leading recycler (as with PET), now through growth in Expandable Styrenics recycling. Through predictive algorithms and artificial intelligence, Cyclyx will deliver custom feedstock batches from waste with the necessary chemical and physical properties to ensure its recyclability.

"We are pleased to have joined Cyclyx as it will allow us to gain valuable recycled feedstock," stated Andreas Plettner, Styropek CEO. "We are confident that Alpek's target aligns well with Cyclyx's mission to drive up recycling rates of plastics."

Alpek joins Cyclyx, a recycled feedstock consortium

Reaffirming its commitment to foster circularity for Expandable Styrenics

Monterrey, N.L., Mexico. August 10, 2022 - Alpek, S.A.B. de C.V. ("Alpek" or "the Company") announced today that its Expandable Styrenics subsidiary, Styropek S.A. de C.V., has joined Cyclyx International, LLC ("Cyclyx"), a consortium-based company, that focuses on establishing a circular pathway for plastic recycling through innovative methods. Having more feedstock available will significantly support Styropek's EPS projected recycling capacity to achieve its circularity target: "Alpek commits to grow its long-term usage and sustainable applications for EPS, work on biodegradable alternatives, and increase recycling content in select products to at least 30% by 2030."

Styropek's EPS production is primarily used for long-term industries such as construction due to its thermal insulation properties which allow it to reduce the carbon footprint for homes and buildings. However, for its short-term usage products, the Company continues to establish its role as a leading recycler (as with PET), now through growth in Expandable Styrenics recycling. Through predictive algorithms and artificial intelligence, Cyclyx will deliver custom feedstock batches from waste with the necessary chemical and physical properties to ensure its recyclability.

"We are pleased to have joined Cyclyx as it will allow us to gain valuable recycled feedstock," stated Andreas Plettner, Styropek CEO. "We are confident that Alpek's target aligns well with Cyclyx's mission to drive up recycling rates of plastics."

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Disclaimer

Alpek SAB de CV published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 20:11:37 UTC.


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Financials
Sales 2022 199 B 10 297 M 10 297 M
Net income 2022 15 644 M 810 M 810 M
Net Debt 2022 24 175 M 1 251 M 1 251 M
P/E ratio 2022 3,90x
Yield 2022 8,64%
Capitalization 58 173 M 3 011 M 3 011 M
EV / Sales 2022 0,41x
EV / Sales 2023 0,43x
Nbr of Employees 7 334
Free-Float 99,5%
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Number of Analysts 15
Last Close Price 27,61 MXN
Average target price 35,47 MXN
Spread / Average Target 28,5%
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Managers and Directors
JosÚ de Jes˙s Valdez Simancas Chief Executive Officer
JosÚ Carlos Pons de la Garza Chief Financial Officer & Head-Administration
Armando Garza Sada Director
Francisco JosÚ Calderˇn Rojas Independent Director
AndrÚs Enrique Garza Herrera Independent Director
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