Monterrey, N.L., Mexico. September 27, 2023 Alpek, S.A.B. de C.V. (“Alpek”) announced today that Corpus Christi Polymers (“CCP”) has decided to temporarily pause construction of its integrated PTA-PET plant in Corpus Christi, Texas. Alpek, along with its joint venture partners in CCP, has been committed to the development of this facility. However, due to high […]

San Pedro Garza García, N.L. Mexico, December 14, 2022. • José de Jesús Valdez Simancas will be leaving Alpek´s CEO position on March 01, 2023, to take on a new role as Senior Advisor at ALFA. • Under his leadership, Alpek was transformed into a leading global player with annual revenues of US $10.5 billion. • Alpek’s […]

Monterrey, N.L., Mexico. March 1, 2023 COOPER RIVER PET RESIN OPERATIONS WILL TRANSFER PRODUCTION TO OTHER SITES  Alpek, S.A.B. de C.V. (“Alpek” or “the Company”) announced today the shutdown of its PET Resin operations at its Cooper River site near Charleston, South Carolina for an indefinite period. The site was built in the early 1970’s, […]

Monterrey, N.L., Mexico. July 18, 2022 Satisfying customers’ increasing demand  Alpek, S.A.B. de C.V. (“Alpek” or “the Company”) announced today that the partners of Corpus Christi Polymers LLC (“CCP”) will resume construction of the integrated PTA-PET plant in Corpus Christi, Texas. CCP will function as an independent tolling company where each of the three partners: […]

Monterrey, N.L., Mexico. May 31, 2022 INCORPORATING HIGH-VALUE PET SHEET BUSINESS INTO ITS PORTFOLIO AHEAD OF SCHEDULE  Alpek, S.A.B. de C.V. (“Alpek” or “the Company”) announced today that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC (“OCTAL”).  Pursuant to the purchase agreement, Alpek acquired […]

Mexico. Alpek, S.A.B. de C.V., February 1, 2022. Monterrey, N.L. (“Alpek” or the “Company”) announced today that it has signed an agreement to acquire OCTAL Holding SAOC (“Octal”). This acquisition forward-integrates Alpek into the high-value PET sheet business segment, closes the gap towards achieving its ESG goals, and enhances its ability to serve its customers’ […]

Monterrey, N.L., Mexico. June 7th, 2021 MEETING ITS CUSTOMERS’ MINIMUM RPET CONTENT GOALS FOR 2025 AHEAD OF SCHEDULE  Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has acquired CarbonLite Recycling LLC’s (“CarbonLITE”) state-of-the-art PET recycling and pelletization facility in Reading, Pennsylvania in the United States. The site was acquired for U.S. $96 million on […]

Monterrey, N.L., Mexico. March 29th, 2021 Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has formed a new joint venture company (“JV”) with ContourGlobal plc (“ContourGlobal”) to develop a CO2 capture and liquefaction facility. The site would be integrated into ContourGlobal’s cogeneration facility in Altamira, Mexico (“CGA”). Each party holds a 50% stake in the […]

Monterrey, N.L., Mexico. September 4th, 2020 Alpek, S.A.B. de C.V. (“Alpek”) announced today that the financial restructuring agreement between M&G Polímeros México, S.A. de C.V. (“M&G Mexico”) and the majority of its creditors, including certain Alpek subsidiaries, has been approved on a definitive basis by the Mexican bankruptcy court. This approval would conclude the pre-agreed […]

Monterrey, N.L., Mexico. March 18th, 2020 Alpek, S.A.B. de C.V. (“Alpek”) announced today that Corpus Christi Polymers LLC (“CCP”) has decided to extend its pre-construction period through the end of 2020. CCP is a joint venture among certain subsidiaries of Alpek, Indorama Ventures Holding (“Indorama”), and Far Eastern Investment (Holding) Limited (“Far Eastern”) created to […]