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)

For more on PVC visit ICIS chemical intelligence

By: James Young

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index