LyondellBasell to acquire PP compounds assets of Zylog Plastalloys

01-Dec-15

Global plastic maker LyondellBasell will acquire the polypropylene compounds assets of local company Zylog Plastalloys to increase its access to the Indian market. LyondellBasell's purchase of Zylog Plastalloys is the second transaction after it acquired SJS Plastiblends, another polypropylene compounds producer, earlier this year. "This acquisition is part of our plan to strategically expand our footprint where it makes sense from an economic and strategic perspective," said Bhavesh Patel, CEO & chairman of LyondellBasell. "With investments in Zylog and SJS, LyondellBasell will be a leading producer of polypropylene compounds in all major automotive growth regions of the world."