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.[1]
Globalization, 2006–2013
- 2011 – Mexichem acquired Alphagary Group, a producer of PVC, TPE, and TPO compounds in the United States and the United Kingdom.[2]
- 2012 – Mexichem acquires Wavin, a European supplier of plastic pipes, expanding Mexichem's water management portfolio with acquired operations in 22 European countries.[3]
Recent history, 2014–2018
Change of name
Mexichem was rebranded in 2019 as Orbia,[5] from the Latin word for a sphere and Bia, an ancient Greek personification of the concept of "force."[6]
External links
References
- JUDE WEBBER. Pivot by Mexico's Orbia reveals ESG dilemma financial times, 2 March 2020^
- Carlos Manuel Rodriguez. Mexichem Agrees to Purchase AlphaGary for $300 Million bloomberg, 17 December 2010^
- Mexico's Mexichem buys PVC pipe producer Wavin for €531m icis, 2 August 2012^
- Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion mexico-now, 15 August 2017^
- Mexichem renamed Orbia Chemical Week, 16 September 2019^
- Emily Chasan. PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash bloomberg, 5 September 2019^