Orbia Advance Corporation, S.A.B. de C.V. Provides Earnings Guidance for the Year 2022
February 23, 2022 at 05:46 pm EST
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Orbia Advance Corporation, S.A.B. de C.V. provided earnings guidance for the year 2022. The company expects net sales to increase moderately. Looking forward, the company is confident that the continued execution of Orbia's strategic plans, driven by organic growth and selective bolt-on acquisitions, will generate sustainable and profitable growth with both net sales and EBITDA growing at compound annual growth rates in the high-single digit or more over the long term.
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. 
