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Mexichem SAB de CV (MEXCHEM.MX)

MEXCHEM.MX on Mexico Stock Exchange

39.25MXN
27 Jul 2016
Change (% chg)

$0.72 (+1.87%)
Prev Close
$39.18
Open
$38.34
Day's High
$39.40
Day's Low
$38.34
Volume
2,552,207
Avg. Vol
3,088,784
52-wk High
$48.00
52-wk Low
$34.19

Latest Key Developments (Source: Significant Developments)

Mexichem SAB de CV - Three dead, dozens injured in blast at chemical plant in Mexico - Reuters News
Wednesday, 20 Apr 2016 10:16pm EDT 

Mexichem SAB de CV:A massive explosion rocked a major petrochemical facility of Mexican national oil company Pemex in the Gulf state of Veracruz on Wednesday, killing at least three people, injuring dozens more, and pumping a cloud of noxious chemicals into the sky - RTRS.Luis Felipe Puente, head of federal emergency services, told Reuters that three people had died in the blast. The governor of Veracruz state, Javier Duarte, later said 105 were hospitalized, including 58 Pemex workers, according to his official Twitter account.Pemex said the explosion, which sent a huge, dark plume of smoke billowing upwards, occurred just after 3 p.m. (2000 GMT) at the facility's chlorinate 3 plant near the port of Coatzacoalcos, one of the company's top oil export hubs.Local emergency officials said hundreds of people had been evacuated from the site. Television footage showed an initial burst of flames followed by a tower of thick smoke.A company official said local oil exports were unaffected.What caused the blast was unclear, but Pemex warned local residents to keep away from the site due to what it described as a dissipating cloud of toxic fumes.TV footage showed rainclouds gathering above the plant as evening fell.  Full Article

Mexichem SAB de CV gives FY 2015 EBITDA guidance
Tuesday, 20 Oct 2015 04:57pm EDT 

Mexichem SAB de CV:Says for FY 2015, expect to report EBITDA of about $900 million, representing year-on-year growth of about 10%, exclusive of restructuring charges and the one-time loss on forward hedging.FY 2015 EBITDA of $922 million - Thomson Reuters I/B/E/S.  Full Article

S&P affirms credit rating for Mexichem SAB de CV
Tuesday, 23 Jun 2015 08:22pm EDT 

Mexichem SAB de CV:Standard & Poor's Ratings Services has affirmed its long-term credit rating on company on global scale at BBB-, long-term credit rating on national scale -CaVal- at mxAA and short-term credit rating at mxA-1+.Outlook stable.  Full Article

Mexichem opens new manufacturing plant in India
Monday, 11 May 2015 08:00pm EDT 

Mexichem SAB de CV:One of its subsidiaries, Dura-Line Corporation, has commenced production at new plant in Hyderabad, India.New plant will produce cable ducts and pressure pipes for water, datacom and gas markets.  Full Article

Mexichem SAB de CV gives FY 2015 EBITDA guidance - Conference Call
Thursday, 26 Feb 2015 11:00am EST 

Mexichem SAB de CV:Expect to achieve double-digit growth in EBITDA in FY 2015.Excluding the impacts of PMV in Venezuela and restructuring charges.  Full Article

Mexichem SAB de CV appeals U.S. International Trade Commission Ruling
Tuesday, 20 Jan 2015 08:57am EST 

Mexichem SAB de CV:Says that on Jan. 06, one of its subsidiaries, Mexichem Fluor, appealed the U.S. International Trade Commission (ITC) ruling that the import of Chinese refrigerant gas does not harm U.S. industry.Appealed ruling stated that the import of refrigerant gases from China, specifically R-134a, HFC-134a and 1,1,1,2 -Tetrafluorethane, did not result in material injury or threat of material injury to the U.S. refrigerant gas industry.Ruling was issued with two votes in the affirmative, and four in the negative.Decision of no injury or threat of injury resulted in the elimination of dumping duties of 280.67 pct and countervailing duties averaging 11.14 pct found by the Department of Commerce.Mexichem expects the appeal before the United States Court of International Trade to take approximately one year.  Full Article

Mexichem SAB de CV announces dividend payment schedule for 2015
Tuesday, 20 Jan 2015 08:55am EST 

Mexichem SAB de CV:Says cash dividend of fifty Mexican cents per share outstanding was declared, based on the financial statements as of Dec. 31, 2014.This dividend will be paid in four quarterly installments of MXN 0.125 per share in each installment, excluding those shares held by the Company through the share buyback program as of the record date of each installment, according to the following payment dates.Payment Date in 2015 are Feb. 27, May 27, Aug. 27 and Nov. 27.  Full Article

Mexichem SAB de CV's unit buys distribution and sale license for pharmaceutical grade HFC-227ea/P medical propellant
Monday, 5 Jan 2015 07:00pm EST 

Mexichem SAB de CV:Says that on Dec. 31, 2014, its Mexichem Limited UK Ltd unit, division of Mexichem’s Fluor Chain, acquired from E.I. Du Pont de Nemours and company distribution and sale license for pharmaceutical grade HFC-227ea/P medical propellant.Purchase price was $4.1 million.Product is used to safely deliver variety of drugs and medications in aerosol form, including use in metered-dose inhalers for treatment of asthma.Under terms of acquisition, Mexichem has acquired exclusive global rights to sell and distribute product for regulated medical and pharmaceutical propellant market, which will be sold under Mexichem’s ZEPHEX brand.  Full Article

Mexichem SAB de CV completes acquisition of VESTOLIT
Monday, 1 Dec 2014 07:22pm EST 

Mexichem SAB de CV:Says that it has completed the acquisition of VESTOLIT GmbH.Mexichem completed the acquisition after receiving all relevant regulatory approvals.VESTOLIT was acquired from funds managed by Strategic Value Partners LLC for a total purchase price of 219 million euros in cash and assumed liabilities.  Full Article

Mexichem SAB de CV Fitch rating maintained
Tuesday, 11 Nov 2014 03:52pm EST 

Mexichem SAB de CV:Fitch Ratings has affirmed its Issuer Default Rating (IDR) in national and foreign currency at BBB, national long-term credit rating at AA+(mex).Outlook stable.  Full Article

REFILE-Death toll rises to 32 at petrochemical plant explosion

MEXICO CITY, April 24 Four more people have been found dead after last week's explosion at a petrochemical plant in southeastern Mexico, raising the death toll to 32, state oil giant Pemex and Mexican plastic pipe maker Mexichem said in a joint statement on Sunday.