Mexichem, S.A.B. de C.V. (BMV:MEXCHEM *) completed the acquisition of remaining 44.09% stake in Petroquimica Mexicana de Vinilo S.A. de C.V. from PPQ Cadena Productiva S.L
July 07, 2018
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Mexichem, S.A.B. de C.V. (BMV:MEXCHEM *) reached an agreement to acquire remaining 44.09% stake in Petroquimica Mexicana de Vinilo S.A. de C.V. from PPQ Cadena Productiva S.L for approximately $180 million on July 6, 2018. The transaction is approved by the Boards of Directors of Mexichem and Pemex, parent of PPQ Cadena Productiva.
Mexichem, S.A.B. de C.V. (BMV:MEXCHEM *) completed the acquisition of remaining 44.09% stake in Petroquimica Mexicana de Vinilo S.A. de C.V. from PPQ Cadena Productiva S.L on July 8, 2018.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
Mexichem, S.A.B. de C.V. (BMV: MEXCHEM *) completed the acquisition of remaining 44.09% stake in Petroquimica Mexicana de Vinilo S.A. de C.V. from PPQ Cadena Productiva S.L
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
