LyondellBasell has acquired 100 percent of PolyPacific Polymers Sdn. Bhd. (PPM) in Port Klang, Malaysia.
PPM is a 25,000 TON manufacturing facility producing reinforced and modified polyolefin compounds.
Upon completion of the acquisition, the facility will undergo a rebranding and name change, and its employees will become LyondellBasell employees. PPM will continue to produce and supply the ongoing business products to its customers.
In conjunction with the acquisition, LyondellBasell will exit the PolyPacific, a 50:50 joint venture, which will become 100 percent owned by Mirlex Pty Ltd. "We look forward to the future as an independent wholly-owned Australian compounder," said Lindsey Hogg, who will continue as Managing Director.