Celanese Corporation has signed an agreement to sell its cycloolefin copolymer (COC) business to a joint venture of Daicel Chemical Industries Ltd. and Polyplastics Co. Ltd., in the ratio of 55:45. All production facilities and employees will be transferred to this joint venture, which will be headquartered in Germany.
Final conclusion of the deal is expected at the end of 2005, pending approval by regulatory authorities.
14-Dec-05 
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