Orbia Advance Corporation, S.A.B. de C.V. Reinstates Annual Guidance for the Year 2020
July 28, 2020 at 08:29 pm EDT
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Orbia Advance Corporation, S.A.B. de C.V. remains confident in its long-term strategy and ability to adapt to market conditions. Given continued uncertainty around the pace and cadence of a COVID-19 recovery, the Company will not be reinstating annual guidance for the year 2020. As a global provider of products and services that support essential sectors, Orbia is working diligently with a focus on protecting its employees’ health to continuously provide customers with the products, services and solutions they need.
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. 
