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CITY OF MEXICO.- The Mexican petrochemical company Alpek i announced Thursday that it planned to close the sale of two cogeneration plants to the US company ContourGlobal during the third quarter of this year. year.
Alpek, which is part of the Alfa conglomerate, announced in November 2017 the sale of its cogeneration plants, located in the cities of Cosoleacaque and Altamira, in southern Mexico.
The shares of Alpek, the main producer of polyethylene terephthalate (PET) on the continent, rose 4.28% to 31.03 pesos on the Mexican Stock Exchange at 10:42 am local time
. Alpek has raised its Ebitda estimate for this year from $ 569 million to $ 750 million, representing a 35% increase in its operating stream, up to $ 1,559 million. .
Wednesday, the conglomerate Alfa,
one of the largest in Mexico, reported that its
profits nearly tripled in the second quarter,
driven by a strong performance of its petrochemical business.
Alfa, based in the northern industrial city of
Monterrey, reported a net profit of 3 thousand 587 million pesos
($ 180 million) between April and June 2018.
Its Alpek petrochemical unit, its most profitable activity in the
quarter, benefited from good margins in its production of
polyethylene terephthalate (PET), a high demand, and
price increase.
Alpek also contributed to a record operating stream
13 thousand 129 million pesos from the company, which was 36 percent
higher than the same quarter of 2017.
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