ALPEK, S.A.B. de C.V. Reports Earnings Results for the Full Year Ended December 31, 2023
January 30, 2024
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ALPEK, S.A.B. de C.V. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was MXN 138,159 million compared to MXN 212,435 million a year ago. Net loss was MXN 10,914 million compared to net income of MXN 13,744 million a year ago.
Basic loss per share from continuing operations was MXN 5.18 compared to basic earnings per share from continuing operations of MXN 6.52 a year ago.
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. 
