Alpek

Alpek posted its 1Q24 Earnings Results, including the following: • Volume reached 1.2M tons driven notably by demand recovery, particularly for the Polyester business • Comparable EBITDA of $154M, on track with full-year Guidance • Strong progress on Structural Cost Improvement Initiatives, yielding to date ~$60M on an annualized basis Join our Webcast tomorrow at 9:30 am (Mx Time) | 11:30 am (ET) Read our report here: https://lnkd.in/gana6xWW

With the recent support of AMS and Heidrick & Struggles we held training sessions which include unconscious bias and a focus on management framework to spur acceleration at four levels: strategy, organizations, teams, and leaders. Our leadership team leads by example, striving to create an inclusive and collaborative environment where everyone can thrive, while also fostering a culture of continuous improvement, innovation, and growth. This is only the beginning as Alpek embarks on a journey of cultural transformation and leadership development. Join us as we evolve and embrace positive change together! #WeAreAllAlpek #LeadershipDevelopment

As part of our strategy to promote gender equality, we will continue to have sessions on unconscious bias and gender gap to raise awareness among our collaborators and continue working together towards a more inclusive and equitable future.   Last week, Norma Cerros presented "Rompe la Brecha" (Break the Gap), where we had the presence (on-site and online) of over 200 collaborators from Mexico.   #WeAreAllAlpek #LifeatAlpek #genderequality

Gloria Steinem, world-renowned journalist once said, "The story of women's struggle for equality belongs to no single feminist nor to any one organization but to the collective efforts of all who care about human rights." Today and every day, at Alpek we are committed to accelerate women's equality. #InspireInclusion #WeAreAllAlpek

Alpek announced today that it held Extraordinary and Annual Shareholders’ Meetings.   The following were the main resolutions approved: - During the Extraordinary Shareholders’ Meeting, the amendment to the text of Articles 7, 13, 20, and 23 in Alpek’s by-laws, ensuring they remain consistent with the legislative reforms that were enacted recently. - Alpek’s 2023 Annual Report, as presented by Armando Garza, Chairman of the Board, and Jorge Young, Chief Executive Officer. - The ratification of current members of the Board of Directors. - The designation of Álvaro Fernández Garza as Chairman of the Board while Armando Garza Sada will remain as a member of the Board. - A maximum amount of Ps. $2,000 million for share buybacks for 2024; in line with levels approved in 2023. Read our full press release and access our Annual Report here: https://lnkd.in/eCXMHT48

Alpek posted its 4Q23 Earning Report today, including its full-year figures with a Comparable EBITDA of U.S. $734M and Free Cash Flow of U.S. $408M supported by improvements in Net Working Capital and CAPEX. The Company also included its overview of 2023, overall results, and cost structure initiatives expected to yield at least U.S. $75M in annualized run-rate savings. Join our Webcast tomorrow at 9:30 am (CT) | 10:30 am (ET) Read our report here: https://lnkd.in/e8QeFE_q

ONE STEP CLOSER TO EQUALITY!   To further our commitment to diversity and equality, Alpek has joined forces with Movimiento Congruencia A.C., an initiative focused on promoting, raising awareness, and facilitating labor inclusion of people with disabilities.   This partnership reflects our dedication to fostering an inclusive workplace where everyone is valued and respected and strengthens our organization by helping us create a more diverse and united team. #WeAreAllAlpek

Recently, we celebrated Alpek's Innovation Awards 2023 in which participating projects focused mainly on diversifying our product portfolio and sustainability initiatives. The combined efforts of the winning teams include the following impact: - Development of 5 new products - Savings of close to 2M USD - CO2 emissions reduction of 1.4K tons - Water waste reduction of 96.1K m3 We will continue to foster innovation by promoting a culture of agility and challenging the status quo to create value. Congratulations to all participants for their remarkable achievements! #LifeatAlpek #WeAreAllAlpek #Innovation

As part of our efforts to preserve the environment, our teams have led various projects aligned with the “Life on Land” goal from the United Nations SDGs: - In Mexico, NEG volunteers participated along Reforestamos México A.C. in reforestation efforts including a 2-year plan to maintain the forest and to plant 700 trees. 🌳 🌳 - In Oman, OCTAL - an Alpek Polyester Business, volunteers joined community members to collect 3.7 tons of waste from the beach. - Additionally, Alpek volunteers joined a river cleanup project in which 3.5 tons of waste were collected along with SOSAC (Sociedad Sostenible AC). Alpek remains committed to all Sustainability Development Goals and the preservation of the communities in which it serves. 🌎🌏 Thank you to everyone who participated! We hope to see you at upcoming events! #LifeatAlpek #SDGs #WeAreAllAlpek