Mexico Mexichem expects Q4 sales to rise 4% to $790m

18 January 2012 21:50  [Source: ICIS news]

MEXICO CITY (ICIS)--Mexico-based vinyls producer Mexichem expects fourth-quarter sales to reach $790m (€624m), up 4% year on year, despite what it called the unfavourable macroeconomic climate in the final months of 2011, the company said on Wednesday.

Sales should be $3.85bn for all of 2011, and they could reach $4.36bn in 2012, Mexichem said. This growth should be mostly organic, since Mexichem does not expect to make further acquisitions in 2012.

The company said the increase in fourth-quarter sales reflected the integration of Polycyd, Plasticos Rex and AlphaGary and higher prices for its chief product lines, polyvinyl chloride (PVC) and fluorite-based refrigerants.

Fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) are projected to have risen 8% to $155m.

The company also announced a target EBITDA for 2012 of $1bn, up from an estimated $830m in 2011.

($1 = €0.79)

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By: James Young

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