Alpek SAB de CV reported a narrowed Q1 net loss of $63 million, significantly supported by surging Chinese PET margins amid Middle East tensions. However, adjusted EBITDA growth failed to meet analyst
Alpek anticipates improved Q2 performance due to surging PET spreads caused by Middle East conflicts, alongside a $70 million PP upgrade projected to increase annual earnings by $30 million.
Mexican petrochemicals producer Alpek was downgraded to non-investment grade by S&P and Moody’s due to eroding margins, rigid costs, and intense Asian competition. Agencies cite global oversupply impa
Alpek is restructuring its manufacturing footprint by suspending recycled PET operations and pivoting to specialty products amid a prolonged petrochemical downturn. The company reported earnings decli
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