The move will make PPQ more competitive and productive, the statement said.
PPQ absorbed the units - Camargo, Cangrejera, Cosoleacaque, Escolín, Morelos, Pajaritos and Tula - and from May 1 has operated as a consolidated company.
The merger will eliminate the repetition of processes between the different units, increase purchasing and information efficiencies and improve production processes, hydrocarbons director Hector Moreira said in the statement.
PPQ will now reduce annual losses gradually until starting to turn a profit, he added.
Pemex Petroquimica was split up in 1997 with the intention of then capitalizing the units, but this never happened.
Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
Most Popular Articles
From the Career Center
Jobs that may interest you