Orbia
{{Short description|American Company}}
{{More citations needed|date=December 2021}}
{{Use dmy dates|date=March 2021}}
{{Infobox company
| name = Orbia Advance Corporation, S.A.B. de C.V.
| type = Sociedad Anónima Bursátil de Capital Variable
| traded_as = {{BMV|ORBIA|5188}}
| logo = Orbia logo.svg
| key_people = Juan Pablo del Valle Perochena (chairman)
Sameer Bharadwaj (CEO)
| industry = Utilities
| products = Utilities
| brands = Netafim, Wavin, Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex{{citation needed|date=December 2021}}
| revenue = {{profit}} US$ 6.4 billion (2020){{citation needed|date=December 2021}}
| net_income = {{increase}} US$ EBITDA 1.7 billion (2020)
| num_employees = 22,000(2019){{citation needed|date=December 2021}}
| foundation = {{start date and age|df=yes|1953||}}
| location = Av.Paseo de la Reforma, Col. Cuauhtémoc, Mexico City, Mexico
| homepage = {{URL|https://www.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.{{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}}
=Globalization, 2006–2013=
- 2011 – Mexichem acquired Alphagary Group, a producer of PVC, TPE, and TPO compounds in the United States and the United Kingdom.{{cite web|author= Carlos Manuel Rodriguez|title=Mexichem Agrees to Purchase AlphaGary for $300 Million |url=https://www.bloomberg.com/news/articles/2010-12-17/mexichem-agrees-to-purchase-alphagary-for-300-million-update1- |website=bloomberg |date= 17 December 2010}}
- 2012 – Mexichem acquires Wavin, a European supplier of plastic pipes, expanding Mexichem's water management portfolio with acquired operations in 22 European countries.{{cite web|author= |title=Mexico's Mexichem buys PVC pipe producer Wavin for €531m |url=https://www.icis.com/explore/resources/news/2012/02/08/9530319/mexico-s-mexichem-buys-pvc-pipe-producer-wavin-for-531m/ |website=icis |date= 2 August 2012}}
===Recent history, 2014–2018===
- 2017 – Mexichem acquired an 80% stake in Netafim, a precision irrigation approaches provider. This expanded the company's reach into the Middle East, Africa, and Asia.{{cite web|author= | title= Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 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}}
=Change of name=
Mexichem was rebranded in 2019 as Orbia,{{cite web|author= | title= Mexichem renamed Orbia|url= https://chemweek.com/CW/Document/105941/Mexichem-renamed-Orbia |website= Chemical Week |date= 16 September 2019}} from the Latin word for a sphere and Bia, an ancient Greek personification of the concept of "force."{{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}}
References
{{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}}
{{Authority control}}
Category:Technology companies of Mexico
Category:Chemical companies of Mexico
Category:Companies listed on the Mexican Stock Exchange
Category:Companies in the Indice de Precios y Cotizaciones