Aug 30, 2017   SOURCE: BusinessWire

Mexichem Provides Update on its Ingleside Ethylene Cracker

Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) reports that its ethylene cracker, Ingleside Ethylene, LLC, the 50/50 joint venture between Occidental Chemical Corporation (OxyChem) and Mexichem, located near Corpus Christi, Texas, was shut down safely before Hurricane Harvey made landfall. The ethylene cracker appears to be in good physical condition but further assessments of all the facilities at the site, including the cracker, will be conducted when it is safe to do so.

ABOUT MEXICHEM

Mexichem is a global leader in plastic piping, one of the most cost-efficient PVC producer and one of the world’s largest chemical and petrochemical companies. Mexichem contributes to global development by delivering an extended portfolio of products to high growth sectors such as infrastructure, housing, Datacom, water management, among others. With operations in over 30 countries, Mexichem’s global footprint includes more than 18,000 employees, 120 plants, 2 fluorite mines, 15 R&D laboratories and 8 training academies. Mexichem has annual revenues of US$5.4 billion, it has over 50 years of history and more than 30 years trading on the Mexican Stock Exchange. The company is member of the Mexican Stock Exchange Sustainability Index and the sustainability emerging markets index FTSE4Good.