Mexichem Provides Update on its Ingleside Ethylene Cracker

• The ethylene cracker appears to be in good physical condition but
  further assessments will be conducted

TLALNEPANTLA DE BAZ, Mexico–(BUSINESS WIRE)–Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”)
reports that its ethylene cracker, Ingleside Ethylene, LLC, the 50/50
joint venture between Occidental Chemical Corporation (OxyChem) and
Mexichem, located near Corpus Christi, Texas, was shut down safely
before Hurricane Harvey made landfall. The ethylene cracker appears to
be in good physical condition but further assessments of all the
facilities at the site, including the cracker, will be conducted when it
is safe to do so.

ABOUT MEXICHEM

Mexichem is a global leader in plastic piping, one of the most
cost-efficient PVC producer and one of the world’s largest chemical and
petrochemical companies. Mexichem contributes to global development by
delivering an extended portfolio of products to high growth sectors such
as infrastructure, housing, Datacom, water management, among others.
With operations in over 30 countries, Mexichem’s global footprint
includes more than 18,000 employees, 120 plants, 2 fluorite mines, 15
R&D laboratories and 8 training academies. Mexichem has annual revenues
of US$5.4 billion, it has over 50 years of history and more than 30
years trading on the Mexican Stock Exchange. The company is member of
the Mexican Stock Exchange Sustainability Index and the sustainability
emerging markets index FTSE4Good.

Contacts

Mexichem, S.A.B. de C.V.
Marcela Muñoz Moheno, +52 (55) 5366 4000
x4206
marcela.munoz@mexichem.com
or
Zimat
Consultores
Francisco Galindo, (+52) (55) 5402 0276
fgalindo@zimat.com.mx