October 10, 2025|
AI
|about 2 months agoSulzer Threatens to Exit Mexican Market Over $28M Unpaid Bills
Swiss industrial giant Sulzer warns it may cease operations at Mexican state oil company Pemex refineries over CHF23 million in delayed payments, risking country's energy security.
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Generated IllustrationKey Takeaways
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- Sulzer is threatening to cease operations at Pemex refineries due to unpaid bills.
- The outstanding debt owed to Sulzer Chemtech Mexico is approximately CHF 23.1 million.
- Payments from Pemex to Sulzer are overdue by more than twelve months.
- Sulzer recently inaugurated a new facility in CuautitlĂĄn Izcalli in March 2024.
- Pemex's total debt has reached approximately $100 billion.
By The Numbers
CHF 23.1 million
Outstanding debt owed to Sulzer
12 months
Duration of payment delays
$100 billion
Total Pemex debt
50%
Drop in Pemex production
They Said
"Pemex has delayed payments for a number of services performed at its refineries and owes Sulzer Chemtech Mexico a significant sum in francs."
"In the short term, this could lead to a drop in production, safety problems and environmental risks."