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Mexico (363)


MEXICO

Alpek cuts 2014 Ebitda guidance by $70 million
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the company announced today. The company had issued the initial guidance in...

Alpek to acquire large part of BASF's EPS business, BASF to buy Polioles's PU operations (Update)
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS) and polyurethane (PU) business activities of their Polioles joint venture...

Pemex awards contract for gas pipeline to Odebrecht-led consortium
Pemex Gas y Petroquímica Básica (PGPB; Mexico City), a Petróleos Mexicanos (Pemex; Mexico City) subsidiary, has, through its Tag Pipelines Norte affiliate, awarded an engineering, procurement, and construction contract for phase two...

PPG Industries to acquire Mexico's Comex for $2.3 billion
PPG Industries has reached a definitive agreement to acquire Consorcio Comex (Mexico City), a leading Mexican producer of architectural and industrial coatings, for $2.3 billion. The deal follows two months after Sherwin-Williams (SW) cancelled plans to...

Mexican Petroleum Institute completes basic engineering study for Pemex EO expansion
The Mexican Petroleum Institute (IMP; Mexico City), has completed a basic engineering study requested by the petrochemicals subsidiary of Petróleos Mexicanos (Pemex; Mexico City) for the second phase of expansion at the Morelos petrochemical...

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