Alpek, the petrochemicals arm of Mexican conglomerate Alfa (BMV: ALFA), sees sales growing 2% in 2010 to US$4.04bn from US$3.79bn last year due to increased volumes, a company spokesperson told BNamericas in an email.
Ebitda is expected to drop 13% from US$428mn last year to US$372mn due to lower PET margins, the spokesperson added.
Alfa predicts sales for 2010 of US$9bn, 6% higher than last year, the company said in a filing with the Mexico City bourse.
“We estimate that Ebitda for the year will increase to US$1.11bn [from US$1.06bn],” Mario Páez González, director of planning and finance, said in the filing.
The company also said it expects to reduce debt by 5% during the year to some US$2.3bn, and invest US$393mn, 36% more than last year.
Alfa also owns Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications).
Similar Posts:
- Debt Relief Options | Questions To Ask Yourself Before Settling Debt
- Electric Power – Brazil – Furnas workers to vote on new strike
- Small businesses vote to scrap National Insurance rise
- Banking – Regional – FMO to invest US$327mn in Latin America this year
- Credit Card Debt – Use any three consolidation process to get of debts fast
