ALPEK, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 22, 2023
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ALPEK, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 33,368 million compared to MXN 59,750 million a year ago. Revenue was MXN 33,368 million compared to MXN 59,750 million a year ago. Net loss was MXN 439 million compared to net income of MXN 2,245 million a year ago.
For the nine months, sales was MXN 108,272 million compared to MXN 164,024 million a year ago. Revenue was MXN 108,272 million compared to MXN 164,024 million a year ago. Net income was MXN 25 million compared to MXN 13,001 million 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. 
