Methanex Corp T.MX

Alternate Symbol(s): MEOH

Chemicals Basic Materials

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets. The Company supplies methanol to international markets in North America, Asia Pacific, Europe, and South America. Its operations consist of the production and sale of methanol, a commodity chemical. It operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its two plants in Geismar serve customers in methanol markets. It has two plants in Trinidad, Titan and Atlas that supplies methanol to various methanol markets. Its Chile production site supplies methanol to customers in South America and Asia Pacific, having two plants in Chile, Chile I and Chile IV. Its Egypt plant is located on the Mediterranean Sea and primarily supply methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.

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Methanex Corp

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Post by retiredcfon Jul 16, 2021 9:41am

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Post# 33558595

NR

Plus a nice increase in the dividend. GLTA

07:26 AM EDT, 07/16/2021 (MT Newswires) -- Methanex Corp. (MX.TO) said overnight Thursday that it has concluded the key commercial terms for the sale of a 40% stake in its Waterfront Shipping subsidiary to Mitsui O.S.K. Lines Ltd. for US$145 million.

Methanex will retain the remaining 60% in Waterfront Shipping, which ows a fleet of about 800 vessels. The company said no changes are expected to the subsidiary's day-to-day operations, and Paul Hexter will remain president.

The definitive agreements are subject to approval by Mitsui's board and deal's close is expected by the end of the year.

Price: 41.17, Change: -0.37, Percent Change: -0.89

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