State of Mexico

Scotiabank Announces 2022 Net-Zero Research Fund Winners to Advance Low-Carbon Transition

Retrieved on: 
Thursday, October 20, 2022
Zero, Fund, Monterrey Institute of Technology and Higher Education, Research report, BNS, Scotiabank, Institute, University, Water, State of Mexico, Energy Centre, City, Chief sustainability officer, ESB, CO2, Adoption, University of Chile, Toronto Stock Exchange, NYSE, Investment, Industry, New York Stock Exchange, Sustainable transport, NGO, GHG, Agriculture, TSX, Organization, Soil, Berkeley, Carbon, Research, Technology, Analysis, COIL, Coral Reefs, Compliance, Advanced Materials, SVP, Pollution Probe, UC, Food, Center, Communication, Renewable energy, Risk management

This year's winners focused on sustainable agriculture and carbon measurement, capture and reduction

Key Points: 
  • This year's winners focused on sustainable agriculture and carbon measurement, capture and reduction
    TORONTO, Oct. 20, 2022 /CNW/ - Scotiabank is proud to announce the 10 winners of its global 2022 Net-Zero Research Fund.
  • The Net-Zero Research Fund provides $10 million in grants over 10 years to organizations conducting research in support of the transition to a low-carbon economy.
  • "Scotiabank has an important role to play in supporting the global transition to a low-carbon economy," says Meigan Terry, SVP and Chief Sustainability, Social Impact and Communications Officer at Scotiabank.
  • List of 2022 Net-Zero Research Fund Winners with Grants of $100,000 each:
    Centre for Sustainable Transport of Mexico to support decarbonization of the State of Mexico's automotive cluster (CLAUTEDOMEX).

Orbia Announces Second Quarter 2021 Financial Results

Retrieved on: 
Thursday, July 29, 2021
Networks, Manufacturing, Technology, Telecommunications, Chemicals, Plastics, Airlines, Dielectrics, Companies, Holding companies, Orbia, State of Mexico, Plastics, Polyvinyl chloride, LATAM Airlines Group, LATAM Chile

Added Bharadwaj, “This quarter, we executed on our strategy, approved investments to increase capacity in Netafim and Dura-Line to meet growing demand and completed the acquisition of a majority ownership in Shakun Polymers Private Limited to expand Polymer Solutions’ presence in Asia. As always, sustainability remains at the top of our agenda--we are investing in processes, solutions and services that reduce our carbon footprint, water usage and waste-to-landfill to advance life around a cleaner, greener world.”

Key Points: 
  • Robust PVC demand from the building and construction industries worldwide and force majeures among PVC suppliers continued into the second quarter, complemented by strong demand in compoundsespecially plasticizersand demand in the LatAm region.
  • On May 6, 2021, Orbia issued two sustainability-linked senior notes: a 5-year $600 million note and a 10-year $500 million note at an annual cost of 1.875% and 2.875%, respectively.
  • As of the end of Q2 2021, Orbia has no issuances under this program.
  • Orbia will host a conference call to discuss Q2 2021 results on July 29, 2021 at 10:00 am Central Time (CT; Mexico City)/11:00 am Eastern Time (ET; New York).

Orbia Advance Corporation Announces CFO Departure

Retrieved on: 
Thursday, June 17, 2021
Chemicals, Plastics, Technology, Manufacturing, Telecommunications, Construction & Property, Networks, Building Systems, Orbia, State of Mexico, Roman gentes, Chief financial officer, Business, Companies, Economy

Orbia Advance Corporation, S.A.B.

Key Points: 
  • Orbia Advance Corporation, S.A.B.
  • Carlos, who has served as CFO since joining Orbia in August 2019, has agreed to continue in his role through the third quarter of 2021 to support the transition of responsibilities.
  • On behalf of the entire Orbia team, I want to thank Edgardo for his expertise and leadership over the past two years.
  • Orbia is a community of companies united by a shared purpose: to advance life around the world.

Alphagary, an Orbia Company, Acquires Majority Share Ownership in Shakun Polymers Private Limited in India

Retrieved on: 
Thursday, May 13, 2021
Chemicals, Plastics, Manufacturing, Orbia, State of Mexico, Physical sciences, Chemistry, Matter, Polymer chemistry, Plastics, Thermoplastics, Compounding, Polymer, Polyvinyl chloride

The group was formed when Mexichem (now Orbia) purchased Alphagary and joined it with Bayshore Vinyl Compounds.

Key Points: 
  • The group was formed when Mexichem (now Orbia) purchased Alphagary and joined it with Bayshore Vinyl Compounds.
  • Orbia operates in the Polymer Solutions, Building and Infrastructure, Precision Agriculture, Data Communications and Fluorinated Solutions sectors.
  • To learn more, please visit orbia.com .\nShakun Polymers Private Limited is one of the leading players in the field of compounding for the wire and cable industry.
  • With a focus on tailoring to product and customer requirements, products are perfected with in-house testing facilities and at accredited testing facilities in India and abroad.

Orbia Announces Closing of its Inaugural Sustainability Linked Bond Transaction

Retrieved on: 
Wednesday, May 12, 2021
Chemicals, Plastics, Technology, Manufacturing, Telecommunications, Construction & Property, Networks, Building Systems, Orbia, State of Mexico, Roman gentes, Companies

de C.V. (BMV: ORBIA*) (\xe2\x80\x9cthe Company\xe2\x80\x9d or \xe2\x80\x9cOrbia\xe2\x80\x9d) today announced the successful closing of its inaugural Sustainability-linked bond offering.

Key Points: 
  • de C.V. (BMV: ORBIA*) (\xe2\x80\x9cthe Company\xe2\x80\x9d or \xe2\x80\x9cOrbia\xe2\x80\x9d) today announced the successful closing of its inaugural Sustainability-linked bond offering.
  • Orbia successfully issued today $600 million in 1.875% senior notes due in 2026, and $500 million in 2.875% senior notes due in 2031 (collectively, the \xe2\x80\x9cBonds\xe2\x80\x9d).
  • Orbia operates in the Precision Agriculture, Data Communications, Building and Infrastructure, Fluorinated Solutions and Polymer Solutions sectors.
  • Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511006274/en/\n'

Orbia Issues Inaugural Sustainability-Linked Bonds, Supporting its Environmental Commitments

Retrieved on: 
Friday, May 7, 2021
Telecommunications, Construction & Property, Networks, Environment, Building Systems, Chemicals, Plastics, Technology, Manufacturing, Orbia, State of Mexico, Roman gentes, Sustainability, Articles, Companies

de C.V. (BMV: ORBIA*) (\xe2\x80\x9cthe Company\xe2\x80\x9d or \xe2\x80\x9cOrbia\xe2\x80\x9d) announced today the launch of its inaugural sustainability-linked bonds in the international capital markets.

Key Points: 
  • de C.V. (BMV: ORBIA*) (\xe2\x80\x9cthe Company\xe2\x80\x9d or \xe2\x80\x9cOrbia\xe2\x80\x9d) announced today the launch of its inaugural sustainability-linked bonds in the international capital markets.
  • Additionally, adherent to this framework, Orbia will publish a sustainability-linked securities update annually on its website.
  • Orbia operates in the Precision Agriculture, Building and Infrastructure, Fluor, Polymer Solutions and Data Communications sectors.
  • Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.\xe2\x80\x9d\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210506006334/en/\n'

Orbia Announces First Quarter 2021 Financial Results

Retrieved on: 
Thursday, April 29, 2021
Chemicals, Plastics, Technology, Manufacturing, Telecommunications, Construction & Property, Networks, Building Systems, Orbia, State of Mexico, Articles, Water scarcity, Natural environment, Academic disciplines

b'The results contained in this release have been prepared in accordance with International Financial Reporting Standards (\xe2\x80\x9cNIIF\xe2\x80\x9d or \xe2\x80\x9cIFRS\xe2\x80\x9d) with U.S.

Key Points: 
  • b'The results contained in this release have been prepared in accordance with International Financial Reporting Standards (\xe2\x80\x9cNIIF\xe2\x80\x9d or \xe2\x80\x9cIFRS\xe2\x80\x9d) with U.S.
  • The Orbia companies have a collective focus on ensuring food security, reducing water scarcity, reinventing the future of cities and homes, connecting communities to data infrastructure, and expanding access to health and wellness with advanced materials.
  • Orbia operates in the Precision Agriculture, Data Communications, Building and Infrastructure, Fluorinated Solutions and Polymer Solutions sectors.
  • Orbia\xe2\x80\x99s Audit Committee has oversight responsibility for ensuring that all such complaints are appropriately investigated and resolved.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210428006185/en/\n'

PlasticRoad and Orbia Inaugurate the First PlasticRoad Pilot in Latin America in Mexico City’s Chapultepec Forest

Retrieved on: 
Monday, March 29, 2021
Environment, Construction & Property, Sports, Urban planning, Chemicals, Plastics, Manufacturing, Other Natural Resources, Other Construction & Property, Natural Resources, Biking, Cycling, Mexico City, Miguel Hidalgo, Mexico City, Administrative divisions, Paseo de la Reforma, Orbia, State of Mexico, Chapultepec

PlasticRoad and Orbia (BMV: Orbia), in collaboration with the Mexico City Mobility Secretariat (SEMOVI) and the Mexico City Environment Secretariat (SEDEMA), have inaugurated the first PlasticRoad pilot in Latin America located in the second section of Mexico Citys Chapultepec Forest (Bosque de Chapultepec).

Key Points: 
  • PlasticRoad and Orbia (BMV: Orbia), in collaboration with the Mexico City Mobility Secretariat (SEMOVI) and the Mexico City Environment Secretariat (SEDEMA), have inaugurated the first PlasticRoad pilot in Latin America located in the second section of Mexico Citys Chapultepec Forest (Bosque de Chapultepec).
  • With record annual rainfall of over 2.1 billion cubic feet, Mexico Citys water management issues have impacted drinking water availability and citizens quality of life.
  • One of the initiatives is the PlasticRoad, which we are very pleased will add to a sustainable future for Mexico City.
  • In the Chapultepec Forest, Mexico City holds over 1,695 natural, publicly accessible acres that run through the city.

Orbia Announces Executive Leadership Appointment

Retrieved on: 
Wednesday, January 20, 2021
Chemicals, Plastics, Technology, Manufacturing, Telecommunications, Construction & Property, Networks, Building Systems, Orbia, State of Mexico, Roman gentes, ESG, Companies

de C.V. (BMV: ORBIA*) today announced that its board of directors has appointed Sameer S. Bharadwaj as its new Chief Executive Officer, effective February 1st, 2021.

Key Points: 
  • de C.V. (BMV: ORBIA*) today announced that its board of directors has appointed Sameer S. Bharadwaj as its new Chief Executive Officer, effective February 1st, 2021.
  • Mr. Bharadwaj joined Orbia in 2016, and brings over 20 years of leadership experience in technology-led innovation, operational excellence and talent development across the advanced materials, technology, energy and pharmaceutical industries to this role.
  • He possesses a deep understanding of Orbia and our vision and will remain focused on continuing the transformation of Orbia into a high-return, sustainability-centric company, driving the important purpose-led cultural leadership work we began in 2019, said Juan Pablo del Valle Perochena, Chairman of the Board of Directors of Orbia.
  • Daniel has been instrumental in redefining Orbia as a purpose-driven company, developing our Play-to-Win strategy, building a strong leadership team and significantly accelerating our ESG focus.

Orbia Announces Third Quarter 2020 Financial Results

Retrieved on: 
Wednesday, October 28, 2020
Telecommunications, Construction & Property, Networks, Building Systems, Data management, Chemicals, Plastics, Technology, Manufacturing, Orbia, State of Mexico

As of September 2020 and 2019 they were $108 million and $107 million, respectively.

Key Points: 
  • As of September 2020 and 2019 they were $108 million and $107 million, respectively.
  • Orbia maintains a very strong balance sheet with operating cash and free cash flow of $193 million and $127 million, respectively.
  • Based on the strong financial performance during the quarter, Orbia repaid $400 million of its $1 billion revolving credit facility.
  • Orbia will host a conference call to discuss Q3 2020 results on October 29, 2020 at 10:00 am Central Time (CT; Mexico City)/12:00 am Eastern Time (ET; New York).