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Methanex ( (TSE:MX) ) has provided an update.
Methanex Corporation reported higher production and adjusted EBITDA in the fourth quarter of 2024, achieving a net income of $45 million. The company observed increased production from its facilities in Chile, New Zealand, Geismar, and Egypt, and a rise in average realized price due to tighter market conditions. Methanex also completed financing for the acquisition of OCI Global’s international methanol business and repaid a $300 million bond, ending the year with $892 million in cash. The company’s 2024 performance reflects its successful operational strategies and market positioning, with a focus on shareholder returns and financial stability.
More about Methanex
Methanex Corporation is a leading global producer and supplier of methanol, a versatile chemical used in a variety of industrial and consumer products. The company operates internationally with production facilities in countries such as Chile, New Zealand, the United States, and Egypt, focusing on maintaining competitive pricing and supply reliability in the methanol market.
YTD Price Performance: -1.03%
Average Trading Volume: 339,050
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.3B
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