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Mexichem board appoints Martinez Valle as CEO

February 09/2018

MOSCOW (MRC) -- Mexichem, Mexican PVC and specialty chemicals maker, has announced that its Board of Directors has unanimously ratified the appointment of Daniel Martinez Valle as the Chief Executive Officer of the Company, such appointment is effective as of 7 February, said the producer in its press release.

He will replace Antonio Carrillo, who is leaving Mexichem to pursue other interests at a US public company.

As MRC wrote previously, Mexichem completed the acquisition of Vestolit GmbH on 1 December 2014. Based in Marl, Germany, Vestolit is European only manufacturer of High Impact Suspension PVC (HIS-PVC) for weather-resistant windows and is Europe"s second-largest producer of paste PVC for floors and wallpapers. Vestolit also produces alkyl-chlorides, a value-added intermediary used for a variety of chemical and industrial applications and is vertically integrated in a single site from Salt through Specialty PVC. Total installed PVC capacity is 415,000 tons per year.

Mexichem, of Tlalnepantla, an industrial municipality close to Mexico City, is Latin American's largest manufacturer of PVC pipe, vinyl resins and compounds. The company has annual revenues of more than USD5 billion and has been listed on the Mexican Stock Exchange for more than 30 years.
Author:Margaret Volkova
Tags:PVC, SPVC, flooring, Mexichem, Vestolit, Germany, Mexico.
Category:General News
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