Monterrey, Mexico. February 15, 2017 - Alpek, S.A.B. de C.V. ("Alpek") announced today its 2017 Guidance. 2017 Guidance is based on an average Brent crude oil reference price of U.S. $55 per barrel and does not include any effect from inventory valuation.
2017 Estimate
Change % (vs. 2016)
Volume (Ktons)
4,106
4
Net Sales (Million)
U.S. $5,069
5
EBITDA (Million)
U.S. $502
(25)
Capex (Million)
U.S. $238
(31)
Note: EBITDA equals Consolidated Operating Income plus Depreciation, Amortization and Impairment of Non-Current Assets.
About Alpek:
Alpek is a leading petrochemical company operating two business segments: "Polyester" (PTA, PET and polyester fibers), and "Plastics & Chemicals" (polypropylene, expandable polystyrene, caprolactam, and other specialty and industrial chemicals). Alpek is an integrated producer of PTA and PET in North America, the largest expandable polystyrene manufacturer in the Americas, and the only producer of caprolactam in Mexico. Alpek also operates one of the largest polypropylene facilities in North America. In 2016, Alpek reported revenues of U.S. $4.8 billion and EBITDA of U.S. $669 million. The Company operates 23 plants in the United States, Mexico, Canada, Brazil, Argentina and Chile, and employs more than 5,000 people. Alpek is a publicly traded company listed on the Mexican Stock Exchange.
For further information: Hernán F. Lozano Investor Relations Officer Alpek, S.A.B. de C.V.
+52 (81) 8748-1146
hlozano@alpek.com
ir@alpek.com www.alpek.com
Alpek SAB de CV published this content on 15 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2017 14:40:13 UTC.
Original documenthttp://www.alpek.com/pdf/2017/ingles/Alpek-2017-Guidance.pdf
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Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.