• In September 2018 , PPI signed its first agreement with a company other than PEMEX
• PPI was awarded the NBRI Circle of Excellence Award in its 75th edition
• PPI expects to close PEMEX ’ s year ’ s operations at $ 3 billion in 2018
PEMEX PROCUREMENT INTERNATIONAL , INC ( PPI )
P EME X FA C T S
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• In September 2018 , PPI signed its first agreement with a company other than PEMEX
• PPI was awarded the NBRI Circle of Excellence Award in its 75th edition
• PPI expects to close PEMEX ’ s year ’ s operations at $ 3 billion in 2018
ee carrying out procurement functions at PPI will have this certification .
The three pillars that steered PPI ’ s sailboat had a positive impact not only in terms of the benefits generated for PEMEX but also on PPI ’ s finances , as Escobedo explains : “ When I arrived in 2017 , PPI ’ s financial statement for the year 2016 showed that PPI had operational losses of 35.4 %. At the close of 2017 , after carrying out very
important work in budget cutbacks , optimizing the use of resources , and implementing austere measures , we got an operational utility of 10.1 %. In addition , the cash flow increased by 20.5 % during that same year . Both results represent important progress from the financial point of view .”
Escobedo identifies the use of technology and digitalization as one of the pillars that helped PPI to achieve
JULY 2019