June 15 (Reuters) - CONTOURGLOBAL::REMAINS IN NEGOTIATIONS WITH ALPEK IN RELATION TO ACQUISITION OF ALPEK'S COGENERATION POWER PLANTS IN COSOLEACAQUE, ALTAMIRA, MEXICO.
March 21 (Reuters) - Indorama Ventures Pcl <IVL.BK>::THROUGH UNIT ENTERS JV WITH ALPEK AND FAR EASTERN INVESTMENT TO BUY INTEGRATED PTA-PET ASSETS IN CORPUS CHRISTI, USA.ON COMPLETION, CORPUS CHRISTI PROJECT TO HAVE NOMINAL CAPACITY OF 1.1 MILLION METRIC TONS OF PET AND 1.3 MILLION METRIC TONS OF PTA PER YEAR.
Alpek Sab De Cv <ALPEKA.MX> : Mexico's Alpek says expects 2017 EBITDA of $502 million, down 25 percent from 2016. .It expects capital expenditure of $238 million.
Alpek SAB de CV:Raises FY 2015 EBITDA guidance to $585 million from previous $500 million, that is up 35 percent year on year compared to 15 percent up year on year.
Alpek SAB de CV:Approves dividend of $0.045 per share.Dividend to be paid on April 24.
Alpek SAB de CV:Sees FY 2015 revenue at $4,950 million, down 24 pct versus FY 2014.Sees FY 2015 EBITDA at $500 million, up 15 pct versus FY 2014.Sees FY 2015 CAPEX at $400 million, up 25 pct versus FY 2014.Sees FY 2015 volumes at 3,950 kilo tones, flat year on year.
Alpek SAB de CV:Considers development of a cogeneration energy-vapor plant in Altamira, Tamaulipas.Investment could reach a total of $700 million and capacity of 600 Megawatts.
Alpek SAB de CV:Alpek and BASF announces that they have signed agreements concerning EPS (expandable polystyrene) and PU (polyurethane) business activities of their Polioles joint venture in Mexico, and BASF EPS business in North and South America, excluding BASF Neopor (grey EPS) business.Alpek to acquire all of Polioles EPS business activities, including its EPS production site in Altamira, Mexico.BASF to acquire Polioles PU business activities, including selected assets in its Lerma facility as well as all marketing and selling rights for PU systems, isocyanates and polyols.Upon completion of transaction, Polioles to continue operations as Alpek-BASF joint venture with product portfolio comprised of industrial and specialty chemicals.Under agreements, Alpek to acquire BASF EPS business activities in North and South America.BASF EPS business activities include BASF EPS sales and distribution channels in North and South America, production facilities in Guaratingueta, Brazil, and General Lagos, Argentina, and foam parts business in Chile (Aislapol SA).Combined capacity of all EPS production facilities that Alpek will acquire is about 230,000 metric tons per year.BASF will continue to sell Neopor to its customers in United States, Canada and South America.In Mexico, Alpek will sell Neopor for BASF based on distribution agreement.Closing of transaction is expected by early 2015.Financial terms of agreement were not provided.
Alpek SAB de CV:Standard & Poor's Ratings Services affirmed its BBB- global scale on company-Dow Jones.
Alpek SAB de CV:Says the shareholders, at the General Ordinary Shareholders' Meeting held on Dec. 2, approved a dividend in the amount of about $114 million, at a value of $0.054 per share.Says the dividend will be payable as of Dec. 9.