Methanex Corp - Company Profile
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Methanex Corp (Methanex) is a chemical company that carries out the production, marketing, and supply of methanol, a clean-burning, cost-effective alternative fuel. It operates through an extensive global supply chain and distribution network of terminals and storage facilities. The company also holds marketing rights for production from jointly owned plants in Trinidad and Egypt. It serves diverse industries, including resins, plastics, and paints, building materials, foams, polyester and pharmaceutical. Methanex operates production sites in New Zealand, the US, Trinidad, Egypt, Canada, and Chile. The company has operations in major markets across North America, Asia Pacific, Europe, and South America. Methanex is headquartered in Vancouver, British Columbia, Canada.
Headquarters
Canada
Address
1800-200 Burrard St, Vancouver, British Columbia, V6C3M1
Website
www.methanex.com
Telephone
1 604 6612600
No of Employees
1,451
Industry
Chemicals
Ticker Symbol & Exchange
MX (TSE)
Revenue (2022)
$3.7B
-13.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-50.8%
(2022 vs 2021)
Market Cap*
$3.4B
Net Profit Margin (2022)
XYZ
-43.0%
(2022 vs 2021)
* As of and is in US$
Methanex Corp premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Products | The Power of Agility |
| Methanol |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, Methanex Egypt office signed a new five-year partnership with the International Labour Organization Cairo Office to support the Decent Jobs for Egypt’s Young People (DJEP) program. |
| 2023 | Contracts/Agreements | In October, the company signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago for its currently idled Titan methanol plant to restart operations. |
| 2023 | Contracts/Agreements | In April, Methanex Egypt and the Suez Methanol Derivatives Company signed an infrastructure development agreement for the supply of methanol from Methanex Egypt’s plant to the neighboring SMD project in Damietta. |
Competitor Comparison
| Key Parameters | Methanex Corp | Equinor ASA | Petroliam Nasional Bhd | Sahara International Petrochemical Co | Metafraks PAO |
|---|---|---|---|---|---|
| Headquarters | Canada | Norway | Malaysia | Saudi Arabia | Russia |
| City | Vancouver | Stavanger | Kuala Lumpur | Khobar | Gubakha |
| State/Province | British Columbia | Telemark | Kuala Lumpur (Federal Territory of) | - | - |
| No. of Employees | 1,451 | 23,449 | 49,771 | 818 | - |
| Entity Type | Public | Public | Government | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Doug Arnell | Chairman | Executive Board | - | - |
| Rich Sumner | Director; Chief Executive Officer; President | Executive Board | 2023 | - |
| Dean Richardson | Chief Financial Officer; Senior Vice President - Finance | Senior Management | 2023 | - |
| Brad Boyd | Senior Vice President - Corporate Resources | Senior Management | 2018 | - |
| Gustavo Parra | Senior Vice President - Manufacturing | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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