Welcome to our dedicated page for Orbia Advance Corporation Sab De Cv news (Ticker: MXCHY), a resource for investors and traders seeking the latest updates and insights on Orbia Advance Corporation Sab De Cv stock.
The MXCHY news page tracks developments related to ORBIA ADVANCE DE UNSP/ADR, which is linked to Orbia Advance Corporation, S.A.B. de C.V. Orbia reports operations across Polymer Solutions, Building & Infrastructure, Precision Agriculture, Connectivity Solutions and Fluor & Energy Materials, and its news flow reflects activity across these businesses. Readers can use this page to follow company announcements on product innovation, financial performance, sustainability commitments and strategic partnerships.
Recent news from Orbia’s Precision Agriculture business Netafim highlights new irrigation technologies such as the patented Hybrid Dripline system and the Mega-PULSAR pulsing sprinkler technology. These releases describe how Netafim aims to help growers manage labor constraints, water scarcity and extreme heat by combining precision irrigation hardware with digital control and monitoring capabilities. News items also show how Netafim’s solutions extend to sectors like mining, where precise irrigation supports processes such as heap leaching.
Financial and corporate news items include quarterly and full-year earnings releases, where Orbia reports net revenues, EBITDA, regional revenue breakdowns and performance by business group. These updates discuss how macroeconomic conditions, input costs and currency movements affect Polymer Solutions, Building & Infrastructure, Precision Agriculture, Connectivity Solutions and Fluorinated Solutions. Additional news covers Orbia’s participation in international forums such as the UN 2023 Water Conference, its recognition by the Science Based Targets initiative and joint venture framework agreements in areas like battery materials.
By reviewing the MXCHY news feed, investors and observers can see how Orbia communicates its progress on water and sanitation projects, precision agriculture initiatives, connectivity infrastructure, fluorinated materials and climate-related goals. This page offers a centralized view of press releases and corporate updates associated with the company’s ADR.
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Koura, in collaboration with Foosung Co. Ltd. and the Mayor of Kędzierzyn-Koźle, Poland, is set to develop a new plant to produce inorganic fluorine compounds essential for lithium-ion batteries in Europe. The construction will support local job creation, starting with 80 jobs, scaling to 150. This initiative aligns with Orbia's decarbonization strategy, aiming to meet rising demands in renewable energy. The plant will commence construction in Q2 2022, with recruitment starting in 2023, enhancing both economic development and educational opportunities in the region.
Orbia Advance Corporation will host an investor day on May 17, 2022, at 9:00 a.m. Eastern Time in Boston, Massachusetts, with a webcast option for virtual attendees. CEO Sameer Bharadwaj and CFO Jim Kelly will discuss the company's sustainability efforts and long-term growth strategies. Interested participants can register for the webcast here.
Orbia Advance Corporation reported strong financial results for Q4 and FY 2021. Q4 net revenues reached $2.3 billion, marking a 34% increase. The company's EBITDA jumped 31% to $504 million, driven by high PVC prices and demand in Polymer Solutions. For the full year, revenues climbed 37% to $8.8 billion, with net majority income soaring 238% to $657 million. The firm maintained a robust balance sheet with a net debt-to-EBITDA ratio of 1.34x. Looking forward, Orbia anticipates moderate sales growth and projected EBITDA between $1.6 billion and $1.75 billion for 2022.
Ascend Elements and Koura have debuted a proprietary process technology that recycles spent lithium-ion batteries, producing high-purity graphite at over 99.9% yield. This innovation addresses critical material challenges in the battery supply chain, supporting the growing demand for electric vehicles, projected to rise by 30% annually through 2030. Ascend Elements emphasizes the economic benefits of recycling, enhancing material value and reducing dependency on new mineral extraction. The partnership bolsters Koura's renewable technology initiatives, contributing to a sustainable circular battery economy.
Orbia Advance Corporation will release its Q4 2021 and full year 2021 earnings after market close on February 23, 2022. A conference call will be held on February 24, 2022, at 9:30 a.m. CT to discuss the results. Key speakers include Sameer Bharadwaj (CEO), Jim Kelly (CFO), and Gerardo Lozoya (Investor Relations Director). Investors can join via various toll-free numbers or access the webcast on the company’s website. This event is crucial for stakeholders seeking insights into the company’s financial performance.
BASF Venture Capital and Orbia Ventures have announced a Series-B investment in Israeli biotech startup FortePhest, aimed at developing innovative herbicides. This funding will help battle herbicide-resistant weeds and invasive plants, crucial as over 250 weed species resist more than 150 herbicides currently in use. FortePhest’s proprietary herbicides target weed growth without harming essential crops like corn and wheat, addressing significant challenges in sustainable agriculture. The specific financial details of the investment remain undisclosed.
Orbia Ventures has joined an investor syndicate, led by TDK Ventures, to contribute to a $25 million funding round for Verdagy, a green hydrogen developer. This capital will enhance the commercialization of Verdagy's innovative electrolyzer technology, designed to decarbonize industrial processing. The global green hydrogen market is projected to reach $89 billion by 2030, with Verdagy's technology set to lower costs and improve scalability. Orbia CEO Sameer Bharadwaj emphasizes the importance of green hydrogen in decarbonizing various industries.
Wavin B.V., part of Orbia, has announced plans to acquire a majority stake in Vectus Industries Limited, a leading Indian manufacturer of plumbing and drainage products. This strategic move aims to enhance Wavin's operations within India's growing water management sector, catering to various markets including residential and agriculture. The acquisition is expected to close in Q1 2022 and will bolster Wavin’s footprint with 19 manufacturing sites and a vast distribution network, positioning it to better address India’s infrastructure needs.
Orbia Advance Corporation reported impressive Q3 2021 results, achieving net revenues of $2.3 billion, a 40% increase YoY, driven by strong demand, especially in Polymer Solutions. EBITDA rose 47% to $532 million, with an expanded margin of 23.3%. Net majority income surged 167% to $197 million. The company raised its 2021 EBITDA growth guidance to 44%-48%. Despite rising raw material costs impacting some segments, Orbia maintained a 1.48x leverage ratio and continued investing in strategic growth initiatives while returning cash to shareholders.