Alpek Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
October 18, 2016 at 01:47 am EDT
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Alpek announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported consolidated revenues of $1,236 million against $1,346 million a year ago. EBITDA was $157 million against $156 million a year ago.
For nine months, the company reported revenue of $3,655 million against $4,065 million a year ago. EBITDA was $536 million against $488 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. 
