IHS Chemical Week

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Mexico (350)


MEXICO

Alpek reports 61% drop in first-quarter net income
Alpek (San Pedro Garza García, Mexico) reports $24 million in net income during the first quarter, 61% down year-on-year (YOY) but a significant improvement from the $9-million loss recorded in the fourth quarter of last year. Ebitda was $105 million...

Ube’s machinery business establishes subsidiary in Mexico
Ube Industries says that its wholly owned subsidiary, Ube Machinery (Ube, Japan), has established a new subsidiary at Irapuato, Mexico. The new subsidiary is called Ube Machinery Mexico, and it became operational earlier this month. The new subsidiary will be...

Sherwin-Williams terminates Comex Mexico acquisition
Sherwin-Williams (SW) announced today that it is terminating its agreement to acquire Mexican paint supplier Comex, which has run into antitrust issues in Mexico. SW has already completed the acquisition of Comex’s operations in the US and Canada. The...

Chemicals sector rail traffic flat YOY
Chemicals sector rail traffic in North America was roughly flat year-on-year (YOY) during the week ended 15 March, at 43,306 cars, according to the Association of American Railroads (AAR; Washington). US traffic was up 0.9%, to 30,368 cars. Canadian traffic...

PPG launches $27-million expansion of Mexico coatings plant
PPG announced today it is investing $27 million to expand its coatings manufacturing plant at San Juan del Rio, Querterano, Mexico. The expansion will involve four new buildings with 100,000 square feet of new production and laboratory space. The expanded...

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