Orbia

Orbia (previously named Mexichem) is a Mexican company involved in several industries, including building and infrastructure, data communications, irrigation, chemicals, and more. It has operations in 41 countries, with more than 22,000 employees. Mexichem has annual revenues of US$7.2 billion and has been traded on the Mexican Stock Exchange for more than 30 years. The company is a member of the Mexican Stock Exchange Sustainability Index and the FTSE4Good Sustainability Emerging Markets index. Headquarters are located in Ciudad de México, Mexico.[1]

Orbia, S.A.B. de C.V.
Sociedad Anónima Bursátil de Capital Variable
Traded asTemplate:Orbia Advance Corporation SAB de CV
ISINMX01OR010004 
IndustryChemical & petrochemical
Founded1953 (1953)
HeadquartersAv.Paseo de la Reforma,Col. Cuauhtémoc, Mexico City, Mexico
Key people
Juan Pablo del Valle Perochena (chairman)
Daniel Martinez-Valle (CEO)
ProductsChemicals
BrandsNetafim, Wavin, Koura, Duraline, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex
Revenue US$ 7 billion (2019)
US$ EBITDA 1.1 billion (2017)
Number of employees
22,000(2019)
Websitewww.orbia.com

History

On August 7, 2017, Mexichem SA announced it would acquire the Israeli irrigation company Netafim from Permira Holdings Ltd. for $1.5 billion.[2][3]

On September 4, 2019, Mexichem, S.A.B. de C.V. announced that it would be rebranding itself as Orbia.[4] In addition, its sector classification on the Mexican Stock Exchange changed from "Materials" to "Industrials".[5]

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References
  1. "Mexichem SAB de CV". Bloomberg Week. Retrieved 18 July 2013.
  2. Lombardo, Cara; Harrup, Anthony (August 7, 2017). "Mexichem to Buy Netafim from Permira Funds". The Wall Street Journal. New York City, New York, United States. Retrieved August 10, 2017.
  3. Reed, John (August 7, 2017). "Mexichem to buy Israeli irrigation specialist Netafim". Financial Times. United Kingdom. Retrieved August 10, 2017.
  4. Chasan, Emily (5 September 2019). "PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash". Bloomberg. Retrieved 13 January 2020.
  5. Investor Relations (4 September 2019). "Mexichem Announces Change in its Ticker on the Mexican Stock Exchange". Orbia. Retrieved 13 January 2020.
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