Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Methanex Corporation (T:MX)

Business Focus: Commodity Chemicals (NEC)

Sector:  Basic Materials Industry:  Commodity Chemicals
See Regulatory Filings on SEDAR
Company Contact
Address: 1800-200 Burrard St
Tel: 1-604-6612600
IR: See website
Key People
John N. Floren
President, Chief Executive Officer, Director
Ian P. Cameron
Chief Financial Officer, Senior Vice President - Finance
Vanessa L. James
Senior Vice President - Global Marketing and Logistics
Bradley W. Boyd
Senior Vice President - Corporate Resources
Kevin L. Henderson
Senior Vice President - Manufacturing
Michael J. Herz
Senior Vice President - Corporate Development
Kevin I. Price
General Counsel & Corporate Secretary
Business Overview
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in North America, Asia Pacific, Europe and South America. Its New Zealand production site supplies methanol primarily to customers in Asia Pacific. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its two plants in Geismar serves 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 supplies methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. It also operates methanol ocean tanker fleet through its wholly owned subsidiary, Waterfront Shipping.
Financial Overview
For the nine months ended 30 September 2021,Methanex Corp revenues increased 72% to $3.16B. Net incometotaled $281.8M vs. loss of $129.9M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net Income reflectsEarnings of associate increase from $23.4M to $63.1M(income), Finance costs decrease of 9% to $125.3M(expense).
Employees: 1,489 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $6,910M as of Sep 30, 2021
Annual revenue (TTM): $5,061M as of Sep 30, 2021
EBITDA (TTM): $1,067M as of Sep 30, 2021
Net annual income (TTM): $324.76M as of Sep 30, 2021
Free cash flow (TTM): $711.61M as of Sep 30, 2021
Net Debt Last Fiscal Year: $2,425M as of Sep 30, 2021
Shares outstanding: 75,898,354 as of Oct 26, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization