Alpek, S.A.B. De C.V. Announces Earnings Results for the Second Quarter 2019
July 18, 2019 at 10:30 am EDT
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ALPEK, S.A.B. de C.V. announced earnings results for the second quarter 2019. For the second quarter profit related to the controlling interest totaled $56 million compared to $27 million last quarter. Alpek's second quarter consolidated revenue was flat quarter-on-quarter. However, sales were down 7% year-on-year.
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. 
