ALPEK B de C : Mexico's Alpek says has bought Nova Chemicals styrenics business
October 19, 2020 at 10:20 am EDT
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MEXICO CITY, Oct 19 (Reuters) - Mexican petrochemical
company Alpek, a unit of conglomerate Alfa, has purchased 100%
of Canadian plastics company Nova Chemical's styrenics business,
the company said in a statement on Monday.
(Reporting by Noe Torres)
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
