Alpek, a major petrochemical company, reported a planned investment of $130 million for the year 2026, marking a 30.8% reduction from the previous year. This reduction is primarily driven by a climate of uncertainty that is anticipated to dampen consumer demand and the ongoing weakness of the dollar in international markets. In their financial report submitted to the Mexican Stock Exchange, Alpek outlined its need to focus on integrated sites to maximize profitability while prioritizing its most competitive assets.

The company has also decided to suspend operations at its recycled PET plant in Reading, Pennsylvania, in the second quarter of this year. Alpek indicated that part of the capacity from this facility will be integrated into its site in Richmond, Indiana, which has a more competitive cost structure. This strategic shift is part of their effort to maintain financial flexibility, better manage debt, and ultimately enable future growth in a challenging economic environment.

As Alpek navigates these challenges, it is clear that their focus will be on enhancing the efficiency of their operations rather than pursuing aggressive expansion plans. With the goal of aligning investments to maximize return under the current economic circumstances, Alpek's strategy reflects a cautious but deliberate approach to sustain its market position and foster long-term viability amidst external pressures.