What Alpek does

Alpek, S.A.B. de C.V. is a leading Mexican-headquartered petrochemical company listed on the Mexican Stock Exchange (BMV) under ticker ALPEKA, operating 30 manufacturing plants across 9 countries in the Americas, United Kingdom, and Middle East with 7.6 million tons of installed production capacity. The company is organized into two primary business segments: Polyester (PTA, PET, rPET, and PET Sheet, representing over 80% of the portfolio) and Plastics & Chemicals (polypropylene, expandable polystyrene, ARCEL®, and specialty chemicals), with a smaller Natural Gas business (NEG Natural) that delivers over 20% of Mexico's industrial natural gas market. Alpek is one of the largest integrated PTA and PET producers globally and the largest rPET recycler in the Americas with 394 thousand tons of installed recycling capacity.

The company's product portfolio serves diverse end-markets including food and beverage packaging (primary use case for PET), automotive and consumer goods manufacturing (polypropylene), construction and insulation (EPS), and industrial applications (specialty chemicals, natural gas). Key proprietary technologies include the IntegRex PTA-PET process (IP acquired 2011) and DPET® sheet technology for food packaging, supported by long-standing joint ventures with BASF (EPS, since 1978) and LyondellBasell (polypropylene, since 1991). Revenue is generated through contract-based direct enterprise sales to industrial manufacturers, with pricing influenced by global commodity markets.

Alpek's growth has been driven by acquisitions, including the $620 million OCTAL acquisition (June 2022) which added 400 ktons of PET sheet and 576 ktons of PET resin capacity, and a series of recycling acquisitions (Perpetual Recycling Solutions, CarbonLITE) that established its rPET leadership. Following a 2024 spin-off from parent conglomerate Alfa, S.A.B. de C.V., Alpek completed a merger with Controladora Alpek in December 2025 to consolidate into a single listed entity. The company announced the closure of its Cedar Creek PET facility in Fayetteville, North Carolina effective July 31, 2025 as part of a $20 million annualized cost reduction program, and reported Q1 2026 Comparable EBITDA of $150M with 1.11M tons of quarterly volume.

Name

Alpek

Legal name

Alpek, S.A.B. de C.V.

Website

https://alpek.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Alpek is a leading Mexican petrochemical company producing PTA, PET, rPET, polypropylene, EPS, specialty chemicals, and natural gas across 30 plants in 9 countries, serving industrial customers in packaging, automotive, construction, and energy markets globally.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Resin and Synthetic Rubber Manufacturing (32521), All Other Rubber Product Manufacturing (326299), All Other Plastics Product Manufacturing (326199), Other Basic Organic Chemical Manufacturing (32519), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194), Plastics and Rubber Products Manufacturing (326), Plastics Materials and Basic Forms and Shapes Merchant Wholesalers (424610)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800), Miscellaneous Plastics Products (3080), Miscellaneous Chemical Products (2890), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Chemicals & Allied Products (5160)

akta.pro primary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

akta.pro secondary industries

Polyolefins (PE, PP) (IMAEADAD), Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE), Industrial Alcohols & Glycols (Commodity Grade) (IMAEAAAK)

Keywords

• Petrochemical manufacturing
• Polyester resin production
• Polypropylene manufacturing
• Expandable polystyrene supply
• Recycled PET production

Headquarters

HQ city

Garza García

HQ country

Mexico

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Polyester Products (PTA, PET, rPET, PET Sheet): Alpek generates the majority of revenue (>80% of portfolio) from polyester products including Purified Terephthalic Acid (PTA), Polyethylene Terephthalate (PET), recycled PET (rPET), and PET sheet. These are sold to food and beverage packaging manufacturers, consumer goods companies, and other industrial customers. Revenue is generated through direct product sales with pricing influenced by commodity markets.
2. Plastics & Chemicals (PP, EPS, Specialty Chemicals): Revenue from Plastics & Chemicals segment includes polypropylene (PP), expandable polystyrene (EPS), specialty and industrial chemicals, and fertilizers. These products serve food and beverage packaging, consumer goods, automotive, construction, agriculture, oil & gas, and pharmaceutical industries.
3. Natural Gas: Import and sale of natural gas from USA into Mexico for industrial customers, delivering over 20% of Mexico's industrial natural gas market.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Alpek manufactures and sells petrochemical products across two primary segments: Polyester (PTA, PET, rPET, PET Sheet) accounting for more than 80% of its portfolio, and Plastics & Chemicals (Polypropylene, Expandable Polystyrene, ARCEL® specialty polymers, and Industrial & Specialty Chemicals). The company also imports and distributes natural gas from the USA into Mexico for industrial customers. Products are sold under multi-year enterprise contracts to industrial manufacturers in food and beverage packaging, consumer goods, automotive, construction, agriculture, oil & gas, and pharmaceutical sectors.

Product overview

Alpek is a leading petrochemical company in the Americas organized into two primary business segments: Polyester and Plastics & Chemicals. The Polyester segment (representing over 80% of portfolio) produces PTA, PET, rPET, and PET Sheet products used in food and beverage packaging, consumer goods, and industrial applications. The Plastics & Chemicals segment includes Polypropylene (PP), Expandable Polystyrene (EPS), ARCEL®, and Industrial & Specialty Chemicals serving packaging, automotive, construction, agriculture, oil & gas, and pharmaceutical industries. The company also operates a Natural Gas business importing from USA into Mexico. With 30 plants across 9 countries and 7.6 million tons of installed capacity, Alpek serves customers globally through manufacturing facilities in the Americas, United Kingdom, and Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• Indelpro: Polypropylene business unit
• Styropek
• Akra Polyester
• NEG Natural
• DPET Sheet

Products and services

• PTA (Purified Terephthalic Acid) A key component of polyester production, PTA is used in combination with MEG to produce PET. Alpek is one of the largest integrated PTA producers worldwide, with PTA production at Altamira, Mexico and other facilities.
• PET (Polyethylene Terephthalate) PET resin used in food and beverage packaging such as water and soda bottles, consumer goods, and medical supplies. Alpek is one of the largest integrated PET producers worldwide, with PET production at Cooper River (South Carolina), Altamira (Mexico), and other facilities.
• rPET (Recycled PET) The mechanically recycled version of virgin PET, providing the same benefits with a lower carbon footprint. Alpek is the largest rPET manufacturer in the Americas with installed capacity of 394 thousand tons across facilities including Reading (Pennsylvania), Richmond (Indiana), and others.
• PET Sheet (DPET® Sheet) DPET® Sheet technology used primarily for food packaging thanks to its rigidity and protection properties. Used in various consumer goods and pre-packaged food applications.
• PP (Polypropylene) A versatile thermoplastic polymer with diverse applications in consumer products from reusable food containers to medical supplies, toys, and automotive parts. Alpek operates one of the largest polypropylene facilities in North America through Indelpro with 640K tons per year capacity in Altamira, Mexico.
• EPS (Expandable Polystyrene) EPS offers good thermal insulation and shock-absorbing capabilities, widely used in construction and building industries, and for packaging of electronics and food items like eggs, meat, and poultry. Produced through Styropek across multiple sites in the Americas.
• ARCEL® A specialty polymer product in the Plastics & Chemicals segment used for various industrial applications, produced by Polioles.
• Industrial & Specialty Chemicals Wide variety of specialty and industrial chemicals used in diverse markets including crude oil production, water treatment, pharmaceuticals, cosmetics, detergents, varnishes, paints, cleaning products, and organic fertilizer.
• Natural Gas (NEG Natural) Natural gas import solutions from USA into Mexico. Alpek delivers over 20% of the industrial natural gas market in Mexico for all sorts and sizes of customers, relying on both imports and domestic production.

Quantifiable outcome

• Annual Comparable EBITDA of US$489M
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• OCTALcoreTechnology or Integration · 1 June 2022Alpek acquired OCTAL for $620 million in June 2022, integrating the company into the high-value PET sheet business segment with 400 ktons of capacity and low-emission PET technology. This acquisition also increased PET resin capacity by 576 ktons.
• BASFcoreStrategic or Co-development PartnerStrategic alliance formed in 1978 for expandable polystyrene (EPS), polyurethane, and specialty chemical businesses. In 1996, Alpek and BASF expanded Polioles' EPS capacity with a new facility in Altamira, Mexico.
• LyondellBasellcoreStrategic or Co-development PartnerStrategic alliance started in 1991 for polypropylene operations in Mexico. Collaboratively built a propylene splitter in 1999 and expanded Indelpro's capacity with a second production line in 2008.
• Shaw IndustriesminorStrategic or Co-development PartnerStrategic alliance formed in 2010 to build one of the largest post-consumer PET recycling facilities in North America, marking Alpek's entry into recycling.
• Corpus Christi PolymerscoreStrategic or Co-development PartnerJoint venture between Alpek, Far Eastern, and Indorama established in 2018 to acquire the Corpus Christi Polymers project with nominal capacity of 1.1 million tons PET and 1.3 million tons PTA per year.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Indorama Ventures: Indorama Ventures is a global petrochemical producer with significant PET and PTA operations, and is Alpek's joint venture partner in the Corpus Christi Polymers project. Direct overlap in PTA-PET production and recycled PET capabilities.
• NOVA Chemicals: NOVA Chemicals operates the Styrenics facilities (Monaca, Pennsylvania; Painesville, Ohio) that are part of the broader petrochemical value chain referenced in Alpek's history. It is a direct competitor in styrenics production.
• Shaw Industries: Shaw Industries partnered with Alpek in 2010 to build post-consumer PET recycling facilities. Shaw operates in the recycled PET value chain serving carpet and textile applications, making it a direct peer in rPET.
• Lotte Chemical: Lotte Chemical (including Lotte Chemical UK Limited, mentioned in Alpek's history) is a global petrochemical producer with significant PET and PTA operations in Asia, Europe, and the Americas. Comparable product portfolio including PET resins.
• Selenis Canada: Selenis Canada is a specialty PET producer and Alpek's joint venture partner. It is a direct peer in specialty PET resins serving packaging and industrial applications.
• DAK Americas: DAK Americas is a major North American PET and polyester fiber producer, directly competing with Alpek in PTA, PET, and specialty polyesters. The comparable manufacturing footprint and customer base make it Alpek's most direct North American competitor.
• Far Eastern: Far Eastern is a major Asian petrochemical conglomerate that partnered with Alpek in the Corpus Christi Polymers project. It is a direct competitor in PTA and PET production with global scale.
• Wellman: Wellman is a PET resin manufacturer whose PET plant in Bay St. Louis, Mississippi was referenced in Alpek's acquisition history. It is a direct competitor in PET resin production.

Broad incumbents

• BASF: BASF is a global chemical company and Alpek's joint venture partner in expandable polystyrene (EPS), polyurethane, and specialty chemicals (referenced in 1978 history). Comparable in petrochemicals and specialty chemicals with much broader product portfolio.
• Eastman Chemical: Eastman Chemical is a major specialty chemicals producer that operates an integrated PTA-PET site in Columbia, South Carolina (referenced in Alpek's acquisition history). Comparable in specialty chemical production with broader product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpek