Orbia Advance Corporation, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 27, 2020
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Orbia Advance Corporation, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 1,412 million compared to USD 1,839 million a year ago. Operating income was USD 126 million compared to USD 237 million a year ago. Net income was USD 10 million compared to USD 84 million a year ago. For the half year, sales was USD 3,039 million compared to USD 3,605 million a year ago. Operating income was USD 298 million compared to USD 423 million a year ago. Net income was USD 55 million compared to USD 132 million a year ago.
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.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
