Orbia

Orbia Advance Corporation, S.A.B. de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: ORBIA
IndustryUtilities
Founded1953; 72 years ago (1953)
HeadquartersAv.Paseo de la Reforma, Col. Cuauhtémoc, Mexico City, Mexico
Key people
Juan Pablo del Valle Perochena (chairman)
Sameer Bharadwaj (CEO)
ProductsUtilities
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

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

  • 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

  • 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

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

  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.
  • Business data for Orbia:
  • Official website

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