ALPEK, S.A.B. de C.V. Announces Executive Changes; Announces Plans to Pay an Extraordinary Dividend
April 24, 2019 at 10:30 am EDT
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ALPEK, S.A.B. de C.V. announced that Hernan Lozano, who is currently the Investor Relations Officer of the company for past 7 years, has taken a new role of VP of corporate communications of the company. The company also announced the appointment of Alejandro Elizondo as investor relations officer. Alejandro has been with Alpek for the past 7 years. He has held different roles in corporate strategic planning and energy department and most recently as Director of logistics and procurement for polypropylene business.
ALPEK, S.A.B. de C.V. announced plans to pay an extraordinary dividend of $143 million to shareholders.
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.