Orbia's Connectivity Solutions business revenue for 4Q 2022 was USD317 M increased 7% and full year 2022 revenues of USD1370 M increased 38%, said the company.
4Q 2022 EBITDA of USD84 M increased 108% and EBITDA margin increased approximately 1305 basis points to 26.7%, while full year 2022 EBITDA of USD357 M increased 167% and EBITDA margin increased approximately 1260 basis points to 26.1%.
Orbia delivered solid results for 2022 and exceeded the upper end of its annual EBITDA guidance, which accounted for ongoing impacts from macroeconomic challenges and lower year-over-year revenue and profitability. For both the quarter and the year, Orbia generated strong cash flow and maintained a strong balance sheet, demonstrating resilience in its businesses and robust long-term fundamentals.
We remind, olvay and Orbia recently announced their entry into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North Americam said the company. As it is further stated in a press release, the joint venture will create the largest PVDF production facility for battery materials in the region. The total investment is estimated around 850 million USD, partially funded by a grant to Solvay from the U.S. Department of Energy for a total of 178 million USD.
mrchub.com