Orbia Advance Corporation, S.A.B. de C.V. Provides Earnings Guidance for the Year 2021
April 28, 2021 at 07:03 pm EDT
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Orbia Advance Corporation, S.A.B. de C.V. provided earnings guidance for the year 2021. For the year, The company anticipates continued strong sales of products and services as a
result of consumer demand and significant government investments in infrastructure and societal needs.
Accordingly, following Orbia’s stronger than expected performance during the first quarter, the Company is
increasing its prior 2021 guidance on EBITDA growth from 4%-7% to 15%, with potential further upside if strong
market demand and pricing conditions continue in 2021. This revised outlook assumes no pandemic-related or
other material disruptions to Orbia’s businesses.
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. 
