Orbia
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
 | |
| Company type | Sociedad Anónima Bursátil de Capital Variable |
|---|---|
| BMV: ORBIA | |
| Industrie | Utilities |
| Gegründet | 1953 |
| Hauptsitz | Av.Paseo de la Reforma,Col. Cuauhtémoc, Mexico City, Mexico |
Key people | Juan Pablo del Valle Perochena (chairman) Sameer Bharadwaj (CEO) |
| Produkte | Utilities |
| Brands | Netafim, Wavin, Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex |
| Revenue |  US$ 6.4 billion (2020) |
| US$ EBITDA 1.7 billion (2020) | |
Number of employees | 22,000(2019) |
| Website | www |
Orbia (previously Mexichem) is a global provider of specialty products and innovative methodologies with headquarters in Mexico City, Boston, Amsterdam and Tel Aviv. 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[1] (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.[2]
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 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. 1997 - Grupo Empresarial Privado Mexicano (GEPM), a company held by the del Valle Family, acquires Grupo Industrial Camesa. [3]
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.[4]
- 2012 – Mexichem acquires Wavin, Europe’s leader in plastic pipe systems, expanding Mexichem’s water management solution[buzzword] portfolio with acquired operations in 22 European countries. [5]
Recent history, 2014-2018
- 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[buzzword] for the telecom and data communications, energy and infrastructure industries. [6]
- 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.[7]
- 2018 – Mexichem acquires Sylvin Technologies, a Denver-based niche PVC compounds manufacturer, to expand into custom formulations as part of the Polymer Solutions group.[8]
Becoming Orbia
In 2018, The Mexichem Board of Directors appointed Daniel Martínez-Valle as CEO. [9] Mexichem was rebranded as in 2019 Orbia.[10] Orbia is composed of [check quotation syntax]"orb,” the Latin word for a sphere , and “Bia,” an ancient 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.[11] 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
- ^ "Orbia Announces Fourth Quarter and Full Year 2020 Financial Results". businesswire. 24 February 2020.
- ^ "Orbia Among World's Top Sustainability Leaders After Being Selected..." www.orbia.com. Retrieved 20 December 2020.
- ^ JUDE WEBBER (2 March 2020). "Pivot by Mexico's Orbia reveals ESG dilemma". financial times.
- ^ Carlos Manuel Rodriguez (17 December 2010). "Mexichem Agrees to Purchase AlphaGary for $300 Million". bloomberg.
- ^ "Mexico's Mexichem buys PVC pipe producer Wavin for €531m". icis. 2 August 2012.
- ^ "Dura-Line to be Acquired by Mexichem". businesswire. 18 August 2014.
- ^ "Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion". mexico-now. 15 August 2017.
- ^ "Dura-Mexichem Announces the Acquisition of Sylvin Technologies Inc". businesswire. 22 January 2018.
- ^ "Mexichem to Appoint Daniel Martínez-Valle Chief Executive Officer". businesswire. 31 January 2018.
- ^ "Mexichem renamed Orbia". Chemical Week. 16 September 2019.
- ^ Emily Chasan (5 September 2019). "PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash". bloomberg.
