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{{Short description|American Company}}
{{Multiple issues|
{{Advert|date=December 2020}}
{{More citations needed|date=December 2021}}
{{Sources exist|date=December 2020}}
{{Use dmy dates|date=March 2021}}
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}}
{{Use dmy dates|date=December 2020}}
{{Infobox company
{{Infobox company
| name = Orbia Advance Corporation, S.A.B. de C.V.
| name = Orbia Advance Corporation, S.A.B. de C.V.
Line 9: Line 7:
| traded_as = {{BMV|ORBIA|5188}}
| traded_as = {{BMV|ORBIA|5188}}
| logo = Orbia logo.svg
| logo = Orbia logo.svg
| key_people = Juan Pablo del Valle Perochena <small>([[chairman]])</small> <br> Sameer Bharadwaj <small>([[CEO]])</small>
| key_people = Juan Pablo del Valle Perochena <small>(chairman)</small> <br> Sameer Bharadwaj <small>(CEO)</small>
| industry = [[Utilities]]
| industry = Utilities
| products = [[Utilities]]
| products = Utilities
| brands = [[Netafim]], [[Wavin]], Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex
| brands = [[Netafim]], [[Wavin]], Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex{{citation needed|date=December 2021}}
| revenue = {{profit}} [[United States dollar|US$]] 6.4 billion <small>(2020)</small>
| revenue = {{profit}} [[United States dollar|US$]] 6.4&nbsp;billion <small>(2020)</small>{{citation needed|date=December 2021}}
| net_income = {{increase}} [[United States dollar|US$]] EBITDA 1.7 billion <small>(2020)</small>
| net_income = {{increase}} [[United States dollar|US$]] EBITDA 1.7&nbsp;billion <small>(2020)</small>
| num_employees = 22,000(2019)
| num_employees = 22,000(2019){{citation needed|date=December 2021}}
| foundation = {{start date and age|df=yes|1953||}}
| foundation = {{start date and age|df=yes|1953||}}
| location = Av.Paseo de la Reforma,Col. Cuauhtémoc, [[Mexico City]], [[Mexico]]
| location = Av.Paseo de la Reforma, Col. Cuauhtémoc, [[Mexico City]], Mexico
| homepage = {{url|https://www.orbia.com}}|
| homepage = {{URL|https://www.orbia.com}}|
}}
}}


'''Orbia''' (previously '''Mexichem''') is a global provider of specialty products and innovative methodologies with headquarters in [[Mexico City]], [[Boston]], [[Amsterdam]] and [[Tel Aviv]].
'''Orbia''' (previously '''Mexichem''') is a company providing specialty products and methodologies in the [[agriculture]], building and infrastructure, fluorinated solutions, polymer solutions, and data communications sectors. It was founded in 1953 and has headquarters in [[Mexico City]].
Consisting of five commercial brands, Orbia operates in the precision agriculture, building and infrastructure, fluor, polymers and data communications sectors. Orbia has commercial activities in more than 110 countries, operations in over 50 countries and employs more than 22,000 people.

The company has annual revenues of $6.4 billion USD<ref>{{cite web|title= Orbia Announces Fourth Quarter and Full Year 2020 Financial Results|url=https://www.businesswire.com/news/home/20210224006190/en/Orbia-Announces-Fourth-Quarter-and-Full-Year-2020-Financial-Results|website=businesswire |date= 24 February 2020}}</ref> (2020)and has traded on the [[Mexican Stock Exchange]] for over 30 years. In addition, Orbia is a member of the [[Sustainable Stock Exchanges Initiative]] , the FTSE4Good Sustainability Emerging Markets Index and the Dow Jones Sustainability Indices.<ref>{{Cite web|title=Orbia Among World’s Top Sustainability Leaders After Being Selected...|url=https://www.orbia.com/investor-relations/djsi/|access-date=2020-12-20|website=www.orbia.com}}</ref>


==History==
==History==
In [[1953]] – Cables Mexicanos S.A. founded by a group of Mexican and American investors, to satisfy a growing Mexican market for high-carbon steel wire ropes.
In 1953 – Cables Mexicanos S.A. was founded by a group of Mexican and American investors, to sell high-carbon steel wire ropes in Mexico.
In the 60s Cables Mexicanos S.A. changed its name to Aceros Camesa.
In the 60s Cables Mexicanos S.A. changed its name to Aceros Camesa.
In [[1978]] – A control company was created “Grupo Industrial Camesa”. Becomes a publicly-held company, listed on Mexican Stock Exchange.
In 1978 – A control company was created "Grupo Industrial Camesa". It became a publicly-held company, listed on Mexican Stock Exchange.
[[1997]] - Grupo Empresarial Privado Mexicano (GEPM), a company held by the del Valle Family, acquires Grupo Industrial Camesa. <ref>{{cite web|author= JUDE WEBBER| title= Pivot by Mexico’s Orbia reveals ESG dilemma|url= https://www.ft.com/content/6c2a9895-44ba-442f-a682-6a3d504364f2|website= financial times |date= 2 March 2020}}</ref>
1997 – Grupo Empresarial Privado Mexicano (GEPM), a company held by the del Valle Family, acquired Grupo Industrial Camesa.<ref>{{cite web|author= JUDE WEBBER| title= Pivot by Mexico's Orbia reveals ESG dilemma|url= https://www.ft.com/content/6c2a9895-44ba-442f-a682-6a3d504364f2|website= financial times |date= 2 March 2020}}</ref>


===Globalization, 2006-2013===
===Globalization, 2006–2013===
*[[2011]]– Mexichem acquires Alphagary Group, a leading producer of [[PVC]], TPE and TPO compounds in the United States and the [[United Kingdom]].<ref>{{cite web|author= Carlos Manuel Rodriguez|title=Mexichem Agrees to Purchase AlphaGary for $300 Million |url=https://www.bloomberg.com/news/articles/2010-12-17/mexichem-agrees-to-purchase-alphagary-for-300-million-update1- |website=bloomberg |date= 17 December 2010}}</ref>
*2011 – Mexichem acquired Alphagary Group, a producer of [[PVC]], TPE, and TPO compounds in the United States and the United Kingdom.<ref>{{cite web|author= Carlos Manuel Rodriguez|title=Mexichem Agrees to Purchase AlphaGary for $300 Million |url=https://www.bloomberg.com/news/articles/2010-12-17/mexichem-agrees-to-purchase-alphagary-for-300-million-update1- |website=bloomberg |date= 17 December 2010}}</ref>
*[[2012]] – Mexichem acquires [[Wavin]], [[Europe]]’s leader in plastic pipe systems, expanding Mexichem’s water management solution{{solution-inline|date=February 2021}} portfolio with acquired operations in 22 European countries. <ref>{{cite web|author= |title=Mexico's Mexichem buys PVC pipe producer Wavin for €531m |url=https://www.icis.com/explore/resources/news/2012/02/08/9530319/mexico-s-mexichem-buys-pvc-pipe-producer-wavin-for-531m/ |website=icis |date= 2 August 2012}}</ref>
*2012 – Mexichem acquires [[Wavin]], a European supplier of plastic pipes, expanding Mexichem's water management portfolio with acquired operations in 22 European countries.<ref>{{cite web|author= |title=Mexico's Mexichem buys PVC pipe producer Wavin for €531m |url=https://www.icis.com/explore/resources/news/2012/02/08/9530319/mexico-s-mexichem-buys-pvc-pipe-producer-wavin-for-531m/ |website=icis |date= 2 August 2012}}</ref>


===Recent history, 2014-2018===
===Recent history, 2014–2018===
⚫
*2017 – Mexichem acquired an 80% stake in [[Netafim]], a precision irrigation approaches provider. This expanded the company's reach into the Middle East, Africa, and Asia.<ref>{{cite web|author= | title= Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion |url=https://mexico-now.com/mexichem-acquires-80-of-israeli-irrigation-giant-netafim-ltd-for-us-1-9-billion/|website=mexico-now |date= 15 August 2017}}</ref>
*[[2014]] – Mexichem acquires Vestolit, the sixth-largest producer of PVC resins in Europe, the only European producer of HIS-PVC (high-impact modified polyvinyl chloride copolymer) and the second-largest European producer of PVC paste. Mexichem acquires Dura-Line, a global leader in HDPE conduit, duct and pressure pipe solutions{{solution-inline|date=February 2021}} for the telecom and data communications, energy and infrastructure industries. <ref>{{cite web|author= | title= Dura-Line to be Acquired by Mexichem |url=https://www.businesswire.com/news/home/20140818005604/en/Dura-Line-to-be-Acquired-by-Mexichem |website=businesswire |date= 18 August 2014}}</ref>
⚫
*[[2017]] – Mexichem acquires 80% stake in [[Netafim]], a world-leading precision irrigation approaches provider. This expands the company's reach into the [[Middle East]], [[Africa]] and [[Asia]] to drive [[food security]].<ref>{{cite web|author= | title= Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion |url=https://mexico-now.com/mexichem-acquires-80-of-israeli-irrigation-giant-netafim-ltd-for-us-1-9-billion/|website=mexico-now |date= 15 August 2017}}</ref>
*[[2018]] – Mexichem acquires Sylvin Technologies, a Denver-based niche PVC compounds manufacturer, to expand into custom formulations as part of the Polymer Solutions group.<ref>{{cite web|author= | title= Dura-Mexichem Announces the Acquisition of Sylvin Technologies Inc |url=https://www.businesswire.com/news/home/20180122006710/en/Mexichem-Announces-the-Acquisition-of-Sylvin-Technologies-Inc|website=businesswire |date= 22 January 2018}}</ref>


===Becoming Orbia===
===Change of name===
[[File:Orbia ImpactMark.png|thumb|Orbia logo]]
In 2018, The Mexichem [[Board of Directors]] appointed Daniel Martínez-Valle as CEO. <ref>{{cite web|author= | title= Mexichem to Appoint Daniel Martínez-Valle Chief Executive Officer|url= https://www.businesswire.com/news/home/20180131006333/en/Mexichem-to-Appoint-Daniel-Martínez-Valle-Chief-Executive-Officer |website=businesswire |date= 31 January 2018}}</ref> Mexichem was rebranded as in 2019 Orbia.<ref>{{cite web|author= | title= Mexichem renamed Orbia|url= https://chemweek.com/CW/Document/105941/Mexichem-renamed-Orbia |website= Chemical Week |date= 16 September 2019}}</ref> Orbia is composed of {{check quotation}}<!-- MISSING " following: -->"orb,” the [[Latin]] word for a [[sphere]] , and “Bia,” an ancient [[Ancient Greek|Greek]] personification of the concept of “force.” The combination of these two roots expresses Orbia’s ambitions as a “force for the world” and upholds the company’s common purpose: To Advance [[Life]] Around the World.<ref>{{cite web|author= Emily Chasan|title=PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash |url=https://www.bloomberg.com/news/articles/2019-09-05/pvc-pipe-giant-mexichem-changes-name-amid-plastics-backlash|website=bloomberg |date= 5 September 2019}}</ref>
Mexichem was rebranded in 2019 as Orbia,<ref>{{cite web|author= | title= Mexichem renamed Orbia|url= https://chemweek.com/CW/Document/105941/Mexichem-renamed-Orbia |website= Chemical Week |date= 16 September 2019}}</ref> from the [[Latin]] word for a [[sphere]] and Bia, an ancient [[Ancient Greek|Greek]] personification of the concept of "force."<ref>{{cite web|author= Emily Chasan|title=PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash |url=https://www.bloomberg.com/news/articles/2019-09-05/pvc-pipe-giant-mexichem-changes-name-amid-plastics-backlash|website=bloomberg |date= 5 September 2019}}</ref>
In 2019, Orbia opened a new corporate office in the Torre Reforma building in Mexico City. On January 19, 2021, Orbia announced Sameer Bharadwaj as the new CEO.


==References==
==References==
{{Reflist}}
{{Reflist}}

==External links==
* {{Finance links
| google = ORBIA:BMV
| yahoo = ORBIA.MX
| bloomberg = ORBIA*:MM
| reuters = ORBIA.MX
| nasdaq = mxchf
⚫
}}
* {{Official website|https://www.orbia.com/}}


{{IPC companies}}
{{IPC companies}}
{{Authority control}}


[[Category:Petrochemical companies]]
[[Category:Technology companies of Mexico]]
[[Category:Chemical companies of Mexico]]
[[Category:Chemical companies of Mexico]]
[[Category:Companies listed on the Mexican Stock Exchange]]
[[Category:Companies listed on the Mexican Stock Exchange]]
[[Category:Companies in the Indice de Precios y Cotizaciones]]
[[Category:Mexican brands]]
[[Category:Mexican brands]]
⚫
[[Category:State of Mexico]]
[[Category:Mexican companies established in 1953]]
[[Category:Mexican companies established in 1953]]
⚫
[[Category:Companies based in Mexico City]]

Latest revision as of 11:58, 13 February 2024

Orbia Advance Corporation, S.A.B. de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: ORBIA
IndustrieUtilities
Gegründet1953; 71 years ago (1953)
HauptsitzAv.Paseo de la Reforma, Col. Cuauhtémoc, Mexico City, Mexico
Key people
Juan Pablo del Valle Perochena (chairman)
Sameer Bharadwaj (CEO)
ProdukteUtilities
BrandsNetafim, Wavin, Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex[citation needed]
RevenueIncrease US$ 6.4 billion (2020)[citation needed]
Increase US$ EBITDA 1.7 billion (2020)
Number of employees
22,000(2019)[citation needed]
Websitewww.orbia.com

Orbia (previously Mexichem) is a company providing specialty products and methodologies in the agriculture, building and infrastructure, fluorinated solutions, polymer solutions, and data communications sectors. It was founded in 1953 and has headquarters in Mexico City.

History

[edit]

In 1953 – Cables Mexicanos S.A. was founded by a group of Mexican and American investors, to sell high-carbon steel wire ropes in Mexico. In the 60s Cables Mexicanos S.A. changed its name to Aceros Camesa. In 1978 – A control company was created "Grupo Industrial Camesa". It became a publicly-held company, listed on Mexican Stock Exchange. 1997 – Grupo Empresarial Privado Mexicano (GEPM), a company held by the del Valle Family, acquired Grupo Industrial Camesa.[1]

Globalization, 2006–2013

[edit]
  • 2011 – Mexichem acquired Alphagary Group, a producer of PVC, TPE, and TPO compounds in the United States and the United Kingdom.[2]
  • 2012 – Mexichem acquires Wavin, a European supplier of plastic pipes, expanding Mexichem's water management portfolio with acquired operations in 22 European countries.[3]

Recent history, 2014–2018

[edit]
  • 2017 – Mexichem acquired an 80% stake in Netafim, a precision irrigation approaches provider. This expanded the company's reach into the Middle East, Africa, and Asia.[4]

Change of name

[edit]
Orbia logo

Mexichem was rebranded in 2019 as Orbia,[5] from the Latin word for a sphere and Bia, an ancient Greek personification of the concept of "force."[6]

References

[edit]
  1. ^ JUDE WEBBER (2 March 2020). "Pivot by Mexico's Orbia reveals ESG dilemma". financial times.
  2. ^ Carlos Manuel Rodriguez (17 December 2010). "Mexichem Agrees to Purchase AlphaGary for $300 Million". bloomberg.
  3. ^ "Mexico's Mexichem buys PVC pipe producer Wavin for €531m". icis. 2 August 2012.
  4. ^ "Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion". mexico-now. 15 August 2017.
  5. ^ "Mexichem renamed Orbia". Chemical Week. 16 September 2019.
  6. ^ Emily Chasan (5 September 2019). "PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash". bloomberg.
[edit]
  • Business data for Orbia:
  • Official website
Retrieved from "https://en.wikipedia.org/w/index.php?title=Orbia&oldid=1206896835"