Plastics Portal For Buying And Selling Plastic Products
CONNECTING BUSINESSES IN THE WORLD OF PLASTICS
Go to->Home - PlasticNews
Honam Petrochemicals acquires balance shares in Titan Chemicals (29-12-2010)
 
South Koreaís Honam Petrochemical Corp has received full acceptance to take Titan Chemicals Corp Bhd private, by acquiring the remaining 27.25% shares it does not own at RM2.35 apiece. Titan shares, for which acceptance had been received by Honam after the posting date and up to 5pm closing date on Dec 24, 2010, were listed as 27.25%, representing 470.89 million shares, according to Titan in a filing. On Nov 1, 2010, Titan received a notice of unconditional takeover offer from Honam to acquire all remaining shares (excluding treasury shares) following Honamís sale and purchase agreement in July to buy a 72.32% stake, or 1.25 billion shares, in Titan Chemicals for RM2.94 billion.
Titan is Malaysiaís largest integrated olefin-polyolefin producer and one of the largest polyolefin producers in the region, operating a total of 10 integrated process facilities in Pasir Gudang and Tanjung Langsat in Johor, and also has plants in Indonesia.
Previous News Previous News
Next News Next News
Forward to friend Forward this news to friend Print this News Print this news
Back
Back To Recent News Archives
Disclaimer
Recent News
• Ease of processability, toughness of engineering plastics drive global demand
• Global synthetic and bio-based biodegradable plastics market to grow at a CAGR of 20.41%
• Butadiene market to grow at over 4% till 2020 with demand from automotive industries in emerging markets
• 3-D materials market expected to reach $650 million by 2019
• Tight US ethylene market drives LyondellBasell's Q3-2014 earnings
  
Available
UM-10186 - Film structure: ABC - Film width: 1.000 mm - Speed: 600 mpm ...
UM-10191 Model: EREMA PC 1100 TVE - Material that can be processed: PE, ...
UM-10192 Model: CAST FLEX 1.500 - Film structure: ABC - Material: CPP -...
UM-10172 Model: serie 2500-26LH - Screw: 172 mm 22D - Shot volume: 19300...
UM-10195 Model: RGA TVE 120 + Laser - Venting for de-gassing of moisture/...
UM-10194 Model: COEX 3 - Film structure: ABC - Material: LDPE, LLDPE, bl...
UM-10193 - Film structure: ABC - Material: stretch film - Width: 1.000 m...
UM-10190 - 120 mm + 60 mm extruders - Feedblock - 1650 mm Cloeren auto d...
UM-10189 - Equipped with K-Tron Vertech gravimetric feed resin system (4+2...
UM-10188 1) Injection Molding Machines: LTM Demag 85/100 - Machine type; ...