Fluid conduction: Production pipe systems, plastic fittings and accessories. Infrastructure and basic sanitation. Fluid conduction, mainly water. Property conduction, residential and commercial.

Home construction: We provide solutions for single-family homes, housing developments, high-rise buildings, commercial constructions, hotels, pools, landscaping and some industrial applications. We also offer solutions for the electrical industry for domestic and commercial installations:

• Hot Water Systems
• Cold Water Systems
• Sanitary Systems
• Electrical Systems
• Troughs and Gutters

Infrastructure: We have the only technology in Latin America for freshwater conduits using bidirectional PVC molecules, generating a structure that is laminated in layers, significantly increasing its mechanical resistance and strength. We also provide solutions for channeling fiber optic and natural gas lines:

• Fresh water
• Wastewater
• Energy and Telecommunications
• Gas
  

Agricultural solutions: The products and services we offer in this area are for agricultural use relating to water management (rural aqueducts, irrigation systems, vinasse residue, drainage) with a focus on food and bio-fuels. We also provide irrigation and drainage solutions for parks and residential areas.

Geo-Systems: In the industrial market there is a wide range of applications because nonwoven geo-textiles can be produced with different characteristics, adapting to any need. We serve various markets like automotive, footwear, synthetic laminates and filtration, among others, providing the best solutions.

In civil construction, we are a benchmark for the industry. We make and sell complete lines of geo-textiles and geo-synthetic products, bringing innovation and quality to civil engineering projects. We provide the best cost-benefit solutions in civil work with traditional technology.

In infrastructure, we offer solutions in basic sanitation, road works, sanitary landfills, mining, oil and civil projects. Residential and commercial property construction, waterproofing of surfaces, pools and freshwater tanks.

Fluid conduction

Amanco. A�Complete solutions for freshwater supply and wastewater transportation for housing and urban uses; primarily manufacture and sale of pipe systems.

The systems are divided into two segments:

1. Household, in charge of all the internal water conduit installation of construction projects (homes) including polypropylene, schedule 40 pipe, sanitation lines and electrical channeling.
2. Infrastructure, in charge of freshwater supply and sewing networks, as well as fiber optic and natural gas lines.

http://www.amanco.com/

Argentina | Brazil | Chile | Colombia | Costa Rica | Ecuador | El Salvador | Guatemala |Honduras | Mexico | Nicaragua | Panama | Peru | Venezuela

Plastubos. Owned by Mexichem, Plastubos makes products for the infrastructure, irrigation and building construction, distributed throughout Mexico. With more than ten years of experience in the pipes and joints business, Plastubos is a young company that is growing constantly, offering solutions for transporting water properly, safely and responsibly.

Plastubos has Category I certification under the Brazilian Habitat Quality and Productivity Program (PBQP-H) in all of its lines of piping for buildings and infrastructure. This guarantees that all of the company's product complies with ABNT guidelines.

http://www.plastubos.com.br

Plastisur. A Peruvian company that makes and sells PVC pipes and joints, with operations centralized in southern Peru, where it has a market share of more than 45%.

http://www.plastisur.com.pe/

Agricultural solutions

Colpozos. Located in Cali, Colombia. The agricultural sector is its natural market, and also the focus of its achievements. Its greatest strength, built up over the years, is its highly-trained personnel, which supply consulting, execute designs and start up irrigation systems. It has four business units through which it develops its commercial strategy:

• Construction of wells for water and exploitation.
• Design and construction of pumping systems.
• Design and installation of irrigation systems.
• Pumping equipment and deep well maintenance services.

http://www.colpozos.com/

Geo-systems

Mexichem Geosintéticos. He specializes in providing engineering solutions and professional advice on the design and installation of geosynthetics as woven and nonwoven geotextils, Geodrens, Geogrid (biaxial, uniaxial and fiberglass), Bolsacretos, Geoestructures, Flexocretos, Gabions, Geocells, Geomattress, Geomembranes and erosion control blanket. Solutions that enable infrastructure projects, property taxes, civil and environmental works could be more profitable and durable.

http://www.mexichem.com.mx/Sol_Integrales/Geosinteticos/

Bidim. Located in São José dos Campos, in the province of SãoPaulo, Brazil, this subsidiary makes different products for different countries. Synonymous with non-woven textiles in Brazil, Mexichem Bidemes has been a market leader for almost 40 years, providing excellence in products for geo-textiles, geo-synthetics, synthetic laminates, filtration, automotive and agricultural products, and other industries.

Confirmed ISO 9001 certification in 2009, reaffirming its commitment to the market and the hard work of its entire team.

http://www.bidim.com.br

Dear investor,

In this section you find the Offer Memorandum in which Mexichem and Wavin confirm the recommended public cash offer by Mexichem for all issued and outstanding ordinary shares of Wavin at an offer price of € 10.50 for each ordinary Wavin share. On February 8th 2012 Mexichem and Wavin jointly announced that they intended to create the global leader in the plastic pipe systems and solutions industry after having reached an agreement on the combination of their activities. We would like to take the opportunity to elaborate on the compelling strategic rationale for the offer, give more background on the offer process and provide you with necessary details.

The offer values 100% of the issued and outstanding Wavin shares at approximately € 531 million. The offer price of € 10.50 in cash for each Wavin ordinary share represents a significant premium of 177% over the closing price of 18 November 2011. More details on the specific Premia and the enterprise value versus the reported and prospective EBITDA of Wavin can be found under item 6.5.2.

The acceptance period commences at 09:00 hours CET on 12 March 2012 and will end at 17:30 hours CET on 7 May  2012, bar from a possible extension of the offer period. Mexichem will convene an Extraordinary General Meeting of Shareholders at 22 March 2012 to discuss the Offer, while Wavin will discuss the offer at the Annual General Meeting of Shareholders at 25 April 2012.

The Board of Directors of Mexichem and both Boards of Wavin support and recommend the Offer. Mexichem will finance the Offer with cash on its balance sheet and on the basis of existing committed credit facilities. Mexichem has already confirmed in a press release dated February 14, 2012 that it has the necessary financing in place.

Attractive opportunity

The Offer provides Shareholders with an attractive opportunity to realise a premium value for their shares along with certainty of cash. Against the backdrop of a weakening European economy, Mexichem believes that its all-cash Offer provides Shareholders with an immediate superior return. Mexichem and Wavin believe that the Offer represents a compelling proposition that extends the current successful partnership and cooperation between the two companies. [For details see item 6.6: Rationale for the Offer and strategy]

The combination is an important step for both companies, as Mexichem and Wavin together will create the global leader in plastic pipe systems and solutions, with around € 4.0 billion in annual sales. For Mexichem this is a logical next step in the further execution of its long term growth strategy, by obtaining a strong position in Europe with Wavin. With Mexichem it is possible for Wavin to become the European partner of a strong industry leader that wholeheartedly underwrites Wavin’s long term strategy and growth ambitions as stated in its 2015 Strategy Plan.

Highly complementary companies

Mexichem and Wavin are highly complementary with very limited geographic overlap. The combination will have stronger design, engineering and R&D capabilities and will leverage Mexichem’s low cost manufacturing platform. The new group will have a more diversified end-market profile across the residential, non-residential and infrastructure segments exposing it to different economic and construction cycles. Together Mexichem and Wavin are fully convinced to be exceptionally equipped for future growth from consolidation in the industry and expansion into new markets.

Wavin will retain a separate operating and legal structure with headquarters in Zwolle, The Netherlands. Its unique brand will be retained and the existing R&D centre in The Netherlands will continue to be the core of new innovations in the industry that will lead to improved products and services for customers and business partners.

The existing rights of employees will be respected and the current Wavin employee consultation structure will be left unchanged. There will be no reduction of the number of employees as a consequence of the transaction.

Boards

After successful completion of the Offer, the current members of Wavin's Board of Management will continue to serve on Wavin's Board of Management. In addition, Mexichem will nominate Andres Capdepón as a new member of the Management Board. The Supervisory Board will consist of six members, two of which will be independent from Mexichem and its related parties and who will have special rights to safeguard the non-financial commitments agreed upon with Mexichem.

The cash offer to acquire  100% of the outstanding ordinary shares of Wavin is considered reasonable and fair to all Shareholders  as supported by the Fairness Opinions from ING, advisor to the Supervisory Board of Wavin. After the expected closing of the transaction the joint Boards of Mexichem and Wavin look forward to an exciting new future in the industry, based on the combined strong innovative and commercial capabilities.

In this Offer Memorandum, approved by the Dutch regulator AFM, we provide you with the relevant information. We sincerely hope you share our support for the strategic combination as well as the cash offer.

Ricardo Gutierez Muñoz
President Executive Committee, Mexichem

Consult this documents, provided in PDF format.