Home / Knowledge / News / Textiles / Adjusted EBITDA falls 15% in Q4 2015 at Methanex
Adjusted EBITDA falls 15% in Q4 2015 at Methanex
Feb '16
Methanex Corporation, a Canada based producer of Methanol – used as a raw material in the textile sector, reported a fall of 15 per cent in its adjusted EBITDA to $80 million in the fourth quarter of 2015, ending on December 31, as compared to $95 million in the third quarter, according to a press statement released by the company.

The company attributed the fall to a reduced average realised price in Q4 of 2015 (of $277 per tonne) as compared to the previous quarter (of $323 per tonne).

It also reported a fall of 10.3 per cent in its adjusted revenue to $555 million in Q4 as compared to $619 million in Q3 of 2015.

Adjusted net income in the quarter was reported to be $15 million as compared to $23 million in the previous quarter.

This was despite an increase in production in the fourth quarter to 1,389,000 tonnes as compared to 1,259,000 tonnes in the previous quarter.

Commenting on the results, John Floren, President and CEO of Methanex said, “Our fourth quarter adjusted EBITDA reflects lower average realised methanol pricing compared to the third quarter. The continued decline in oil pricing further reduced the affordability for methanol into energy applications. This, combined with new methanol supply introduced in the fourth quarter, negatively impacted methanol pricing.”

“While the future of oil and methanol pricing is uncertain, Methanex is well positioned to navigate through this period of challenging industry conditions. We believe we are well positioned to leverage a recovery in methanol pricing, allowing us to generate strong future cash flows,” he added. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search