211 US

Main Menu

  • Home
  • Tape
  • Fiber board
  • Polyester
  • Decorative parts
  • Commerce

211 US

Header Banner

211 US

  • Home
  • Tape
  • Fiber board
  • Polyester
  • Decorative parts
  • Commerce
Polyester
Home›Polyester›ALPEK B de C: Corpus Christi Polymers takes over construction

ALPEK B de C: Corpus Christi Polymers takes over construction

By Lisa Martin
July 18, 2022
0
0






Satisfy growing customer demand

Monterrey, NL, Mexico. July 18, 2022 – Alpek, SAB de CV (“Alpek” or “the Company”) announced today that Corpus partners Christi Polymers LLC (“CCP”) will resume construction of the PTA-PET integrated plant in Corpus Christy, Texas. CCP will operate as an independent toll company where each of the three partners: DAK Americas LLC, an Alpek Polyester business, and an Alpek subsidiary, Indorama Ventures Corpus Christi Holdings LLC, an Indorama Ventures subsidiary, and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, will source its own raw materials and each will receive one-third of the PTA and PET produced at the site to sell and distribute independently.

CCP will restart construction of the facility in August 2022 and is expected to be completed in early 2025. It will have an overall annual capacity of 1.1 million tonnes and 1.3 million tonnes of PET and PTA respectively, meaning that Alpek would have around 367,000 tonnes of PET and 433,000 tonnes. tons of PTA capacity. CCP expects to have the most competitive state-of-the-art facility in the Americas, utilizing Alpek’s proprietary IntegRex® technology for PTA, among others. The strategic location on the US Gulf Coast will facilitate competitive raw material sourcing and distribution costs, as well as scalability across Alpek’s sites in the Americas. In addition, the vertical integration of PTA and PET will ensure optimized production.

“We are delighted to resume construction of Corpus Christi Polymers,” said José de Jesús Valdez, CEO of Alpek. “We are confident that once CCP’s construction is complete, its strategic location and state-of-the-art technology will allow us to support our customers and meet their growing needs.”

Corpus Christi Polymers takes over construction

Satisfy growing customer demand

Monterrey, NL, Mexico. July 18, 2022 – Alpek, SAB de CV (“Alpek” or “the Company”) announced today that Corpus partners Christi Polymers LLC (“CCP”) will resume construction of the PTA-PET integrated plant in Corpus Christy, Texas. CCP will operate as an independent toll company where each of the three partners: DAK Americas LLC, an Alpek Polyester business, and an Alpek subsidiary, Indorama Ventures Corpus Christi Holdings LLC, an Indorama Ventures subsidiary, and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, will source its own raw materials and each will receive one-third of the PTA and PET produced at the site to sell and distribute independently.

CCP will restart construction of the facility in August 2022 and is expected to be completed in early 2025. It will have an overall annual capacity of 1.1 million tonnes and 1.3 million tonnes of PET and PTA respectively, meaning that Alpek would have around 367,000 tonnes of PET and 433,000 tonnes. tons of PTA capacity. CCP expects to have the most competitive state-of-the-art facility in the Americas, utilizing Alpek’s proprietary IntegRex® technology for PTA, among others. The strategic location on the US Gulf Coast will facilitate competitive raw material sourcing and distribution costs, as well as scalability across Alpek’s sites in the Americas. In addition, the vertical integration of PTA and PET will ensure optimized production.

“We are delighted to resume construction of Corpus Christi Polymers,” said José de Jesús Valdez, CEO of Alpek. “We are confident that once CCP’s construction is complete, its strategic location and state-of-the-art technology will allow us to support our customers and meet their growing needs.”

Share this post

download in PDF format

download in PDF format

Disclaimer

Alpek SAB de CV published this content on July 18, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jul 18, 2022 3:03:04 PM UTC.

Public now 2022

All the news about ALPEK, SAB DE CV

2022 sales 187B
9,073 million
9,073 million
Net income 2022 12,322M
599M
599M
Net debt 2022 28,042M
1,364 million
1,364 million
PER 2022 ratio 4.76x
2022 return 5.04%
Capitalization 56,740 million
2,759 million
2,759 million
EV / Sales 2022 0.45x
EV / Sales 2023 0.43x
# of employees 6,476
Floating 99.6%

Chart ALPEK, SAB DE CV


Duration :

Period :




ALPEK, SAB de CV Technical Analysis Chart |  MarketScreener

Trends Technical Analysis ALPEK, SAB DE CV

Short term Middle term Long term
Tendencies Neutral Neutral Bullish



Evolution of the income statement

Sale

To buy

Medium consensus TO BUY
Number of analysts 15
Last closing price MXN26.93
Average target price MXN33.93
Average Spread / Target 26.0%


Related posts:

  1. Bottle Grade Polyester Chips Market Size and Growth 2021-2027 | Top Companies – Toray, SKC Films, DuPont Teijin Films, Mitsubishi, Polyplex, Kolon, Jindal, JBF – KSU
  2. In-depth industry analysis of the impact of Covid-19 on the recycled polyester market 2026
  3. Global unsaturated polyester resin market segmentation and analysis 2021 by recent trends, development and growth by trending regions by 2027
  4. Technip Energies awarded a major petrochemical contract by Indian Oil Corporation for a new PTA plant
  • Privacy Policy
  • Terms and Conditions