Good Business
PVC Pipe Giant Mexichem Changes Name Amid Plastics Backlash
- Company rebrands itself as Orbia amid sustainability shift
- CEO seeks to move away from ‘negative impact on the planet’
This article is for subscribers only.
Mexichem SAB, one of the world’s largest makers of plastic PVC pipes, says its recently announced name change reflects a step away from petrochemicals and toward new businesses in agriculture, water and infrastructure.
After more than 80 acquisitions since 2003, only about 9% of the business is related to Mexico, where the company is based. Chemicals account for approximately 15%, said Chief Executive Officer Daniel Martinez-Valle. As of Thursday, Mexichem is now called Orbia Advance Corp.