Fund buying at Methanex (MX)

Fund buying at Methanex (T:MX)

M&G Investment Management Limited, a 10% Holder, acquired 33,199 Common Shares on a control or direction basis for registered holder LF Access Global Dividend Fund at a price of US$34.175 on August 2nd, 2019. The insider also acquired 11,594 Common Shares on a control or direction basis for registered holder M&G Investment Funds (1) at a price of US$32.982 on August 5th, 2019. This represents a $2,006,205 investment into the company's shares and an account share holdings change of 0.4%.

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.