Orbia Advance Corporation, S.A.B. de C.V.

Company type	Sociedad Anónima Bursátil de Capital Variable
Traded as	BMV: ORBIA
Industry	Utilities
Founded	1953; 71 years ago (1953)
Headquarters	Av.Paseo de la Reforma, Col. Cuauhtémoc, Mexico City, Mexico
Key people	Juan Pablo del Valle Perochena (chairman) Sameer Bharadwaj (CEO)
Products	Utilities
Brands	Netafim, Wavin, Koura, Dura-Line, Vestolit, Alphagary, Amanco, PAVCO, Plastigama, Klea, Zephex[citation needed]
Revenue	US$ 6.4 billion (2020)[citation needed]
Net income	US$ EBITDA 1.7 billion (2020)
Number of employees	22,000(2019)[citation needed]
Website	www.orbia.com

Orbia (previously Mexichem) is a company providing specialty products and methodologies in the agriculture, building and infrastructure, fluorinated solutions, polymer solutions, and data communications sectors. It was founded in 1953 and has headquarters in Mexico City.

History

In 1953 – Cables Mexicanos S.A. was founded by a group of Mexican and American investors, to sell high-carbon steel wire ropes in Mexico. In the 60s Cables Mexicanos S.A. changed its name to Aceros Camesa. In 1978 – A control company was created "Grupo Industrial Camesa". It became a publicly-held company, listed on Mexican Stock Exchange. 1997 – Grupo Empresarial Privado Mexicano (GEPM), a company held by the del Valle Family, acquired Grupo Industrial Camesa.^[1]

Globalization, 2006–2013

• 2011 – Mexichem acquired Alphagary Group, a producer of PVC, TPE, and TPO compounds in the United States and the United Kingdom.^[2]
• 2012 – Mexichem acquires Wavin, a European supplier of plastic pipes, expanding Mexichem's water management portfolio with acquired operations in 22 European countries.^[3]

Recent history, 2014–2018

• 2017 – Mexichem acquired an 80% stake in Netafim, a precision irrigation approaches provider. This expanded the company's reach into the Middle East, Africa, and Asia.^[4]

Change of name

Mexichem was rebranded in 2019 as Orbia,^[5] from the Latin word for a sphere and Bia, an ancient Greek personification of the concept of "force."^[6]