Orbia

Orbia (previously Mexichem) is a global provider of specialty products and innovative solutions with headquarters in Mexico City, Boston, Amsterdam and Tel Aviv. Consisting of five commercial brands, the Orbia companies have a collective focus on ensuring food security, reducing water scarcity, reinventing the future of cities and homes, connecting communities to data infrastructure and expanding access to health and wellness with advanced materials. 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.

Orbia Advance Corporation, S.A.B. de C.V.
TypeSociedad Anónima Bursátil de Capital Variable
BMV: ORBIA
IndustryUtilities
Founded1953 (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, Duraline, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex
Revenue US$ 7 billion (2019)
US$ EBITDA 1.1 billion (2017)
Number of employees
22,000(2019)
Websitewww.orbia.com

The company has annual revenues of $7.2 billion USD (2019) and has traded on the Mexican Stock Exchange for over 30 years. In addition, Orbia is a member of the Mexican Stock Exchange Sustainability Index, the FTSE4Good Sustainability Emerging Markets Index and the Dow Jones Sustainability Indices.[1]

History

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.[2]
  • 2012 – Mexichem acquires Wavin, Europe’s leader in plastic pipe systems, expanding Mexichem’s water management solution portfolio with acquired operations in 22 European countries. [3]

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 for the telecom and data communications, energy and infrastructure industries. [4]
  • 2017 – Mexichem acquires 80% stake in Netafim, a world-leading precision irrigation solutions provider. This expands the company's reach into the Middle East, Africa and Asia to drive food security.[5]
  • 2018 – Mexichem acquires Sylvin Technologies, a Denver-based niche PVC compounds manufacturer, to expand into custom formulations as part of the Polymer Solutions group.[6]

Becoming Orbia

In 2018, The Mexichem Board of Directors appointed Daniel Martínez-Valle as CEO. [7] Mexichem was rebranded as in 2019 Orbia.[8] Orbia is composed of "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.[9] 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
  1. "Orbia Among World's Top Sustainability Leaders After Being Selected..." www.orbia.com. Retrieved 20 December 2020.
  2. Carlos Manuel Rodriguez (17 December 2010). "Mexichem Agrees to Purchase AlphaGary for $300 Million". bloomberg.
  3. "Mexico's Mexichem buys PVC pipe producer Wavin for €531m". icis. 2 August 2012.
  4. "Dura-Line to be Acquired by Mexichem". businesswire. 18 August 2014.
  5. "Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion". mexico-now. 15 August 2017.
  6. "Dura-Mexichem Announces the Acquisition of Sylvin Technologies Inc". businesswire. 22 January 2018.
  7. "Mexichem to Appoint Daniel Martínez-Valle Chief Executive Officer". businesswire. 31 January 2018.
  8. "Mexichem renamed Orbia". Chemical Week. 16 September 2019.
  9. Emily Chasan (5 September 2019). "PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash". bloomberg.







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