M&G Investment Management Limited, a 10% Holder, acquired 35,000 Common Shares on a control or direction basis for registered holder LF Access Global Dividend Fund and 103,000 Common Shares on a control or direction basis for registered holder M&G (Lux) Investment Funds 1 at prices ranging from US$38.182 to US$38.744 between November 25th and 26th, 2019. This represents a $7,048,251 investment into the company's shares and an account share holdings change of 1.1%.
Methanex is in the Commodity Chemicals Sub Industry Group under the Basic Materials Sector.
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. Methanex Corporation (MX) has a high amount of executive buying compared to its mid-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $7,048,251.
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