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Alfa Reports Q3 EBITDA Of US$486 Million
Alfa Announces That Newpek Divested All Its Assets In Texas
Mexico's Alfa says expects 2017 EBITDA of $2.161 bln
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
Chemicals - Plastics & Rubber
Ave. Gomez Morin 1111 Sur
Armando Garza Sada
Chairman of the Board
Alvaro Fernandez Garza
Chief Executive Officer, Director
Eduardo Alberto Escalante Castillo
Chief Financial Officer
Rodrigo Fernandez Martinez
President of Sigma
Armando Tamez Martinez
President of Nemak
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Poland's Robert Kubica will continue as a reserve driver for Alfa Romeo next season, the Swiss-based Formula One team said on Wednesday.
Mexican conglomerate Alfa raised its guidance for 2021 EBITDA (earnings before interest, taxes, depreciation, and amortization) on Wednesday, on the back of improved performance by its petrochemical subsidiary Alpek.
Mexican petrochemical company Alpek, one of the largest producers of polyethylene terephthalate (PET) in the Americas, on Thursday said it will seek to eliminate net greenhouse gas emissions from its global operations by 2050.
Mexican conglomerate Alfa on Wednesday reported a net profit of 1.99 billion Mexican pesos ($99.9 million) for the second quarter, as the company continues to rebound from the pandemic.
Mexican conglomerate Alfa is anticipating a minor impact to earnings from a new law that will limit the ability of companies to subcontract workers, the company said on Wednesday.
Mexican conglomerate Alfa, one of the country's largest companies, reported on Tuesday a 10% fall in net profits to 3.13 billion pesos ($153 million) for the first quarter of this year compared with the same quarter last year.
Shares in Mexican conglomerate Alfa dropped more than 16% on Tuesday before partly recovering, the first day of trading on the local stock exchange after index provider MSCI said it would remove the company from its Global Standard Indexes.
Mexican conglomerate Alfa said on Friday its spun-off autoparts company Controladora Nemak would start trading on the Mexican stock exchange from December 14 after financial authorities gave their approval for the listing.
Mexican conglomerate Alfa said on Wednesday its third-quarter net profit more than tripled from a year before, marking a rebound after a second-quarter loss as the construction and automotive industries began to bounce back from the economic hit of the coronavirus crisis.
Mexican petrochemical company Alpek <ALPEKA.MX>, a unit of conglomerate Alfa <ALFAA.MX>, has purchased 100% of Canadian plastics company Nova Chemicals' styrenics business, the company said in a statement on Monday.
Mexican conglomerate Alfa has announced that its Newpek unit has divested all of its Texas assets, including shale wells and leases in the Eagle Ford and Edwards formations, the company said in a statement on Tuesday.
Mexico's Alfa <ALFAA.MX> said on Friday it plans to spin off the entirety of its remaining 75% stake in auto parts business Nemak <NEMAKA.MX>, sending Alfa's shares surging 17% on the prospect that the conglomerate could shrug off the struggling unit.
Newpek, a unit of Mexican conglomerate Alfa, will complete the sale of the majority of its U.S. assets in the second half of the year, said Eduardo Escalante, chief financial officer for parent company Alfa, in a call with analysts on Friday.
Mexican conglomerate Alfa on Thursday reported 3.5 billion pesos ($146 million) in net profit in the first quarter this year, about three times as much as its net profit the same quarter a year earlier of 1.3 billion pesos.
Mexican conglomerate Alfa said on Thursday that it expects 2020 sales of $17.02 billion, down from $17.54 billion last year. It said it will make investments of $902 million this year, versus $920 million in 2019.
Mexican conglomerate Alfa on Wednesday reported an $80 million net profit in the fourth quarter of last year, a fall of two thirds compared to the same quarter a year earlier.
Mexican conglomerate Alfa on Thursday reported double-digit drops in revenue and net profit for the third quarter, with its natural gas and hydrocarbon unit Newpek and petrochemical unit Alpek both posting lower sales.
Mexican conglomerate Alfa on Thursday reported 1.2 billion pesos of net profit for the third quarter of this year, a 14.1% fall compared to the same quarter a year earlier.
Shares of Mexican conglomerate Alfa fell more than 3 percent in early trading on Wednesday after the company on Tuesday afternoon posted a steep drop in first quarter net profit.
Mexican conglomerate Alfa posted a 64.5 percent fall in first quarter net profit on Tuesday, hit by higher financial costs and weaker performance in nearly every segment.
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