Organizational Profile | Primary brands, products, and/or services | FULLY
Organizational Profile | Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries) | FULLY
Environmental | Initiatives to reduce greenhouse gas emissions and reductions achieved | FULLY
Our Plastics and Chemicals segment integrates the production and marketing of polypropylene (PP), expandable polystyrene (EPS), polyurethanes (PURs), caprolactam (CPL) and ammonium sulfate (fertilizer), among other products. We are the only producer of PP and CPL in Mexico and, following the acquisition agreement with BASF, will become the largest EPS producer in the Americas.
The Plastics and Chemicals segment has an annual installed capacity of 1.0 million tons in five plants, all of which are located in Mexico, and are operated by a workforce of 1,209.
The most noteworthy event of 2014 was the signing of agreements with BASF to acquire its EPS operations and sell our polyurethane business. In addition to strengthening our Plastics and Chemicals portfolio, this transaction is an attractive opportunity to leverage the sound operational track record of our team and expand our presence to become the leading EPS producer in the Americas.