The petrochemicals arm of Malaysia's state oil firm Petronas will sell its stake in Vietnam's Phu My Plastics and Chemical Company Ltd (PMPC) to Japan's Asahi Glass Co Ltd and Mitsubishi Corporation, as per Reuters. Petronas Chemicals Group Bhd said in a stock exchange statement on Wednesday the divestment of 93.1% of PMPC was part of a plan to discontinue its vinyl business and strengthen its asset portfolio.Deutsche Bank acted as financial advisor to Petronas Chemicals for this transaction.
Previous News
Next News
-
Showa Denko and KH Neochem agree to dissolve Ethyl Acetate JV
-
Sibur, Gazprom ink JV deal for construction of new petrochem complex in Belogors region
-
Chandra Asri Petrochemical to revamp Cilegon naphtha cracker in January to production capacity
-
Naphtha margin in Asia rises for fourth straight session to 8 month high
-
Russia’s Sanors shows interest in Vietnam's mega refinery and petrochemicals project
-
Oil prices rise ahead of US stockpile report, continue to face pressure from demand and concerns over stimulus program
-
Organic pigments and polymer soluble dyes for sustainable and safer solutions in the plastics industry
-
Braskem announces decrease in Brazilian PE and PP prices
-
Indian Oil Corp announces polymer price revision with effect from Nov 2, 2013
-
Are local PP prices poised for a 5th month of increases in China?
-
Deepak Nitrite to Invest INR 11,000 Crore to Build India's First Polycarbonate Resin Ecosystem
-
PPRDC and Indian Institute of Packaging Launch Advanced Recycling Certificate Course to Build India's Circular Economy Workforce
-
SSF Plastics Helps Extinguish Fire at Neighbouring Factory
-
Why UAE’s OPEC Exit May Not Shake Oil Markets
-
EPL and Indovida to Merge, Creating a Consumer Packaging Leader for Emerging Markets
-
ABS and Polystyrene facility in Iran hit
-
Converting Nylon Fish Net waste to 3D Printing Filament
-
Samvardhana Motherson International Limited India’s Global Automotive Plastics & Systems Powerhouse
-
Varroc Engineering Limited: From Polymer Components to a Global Automotive Systems Leader
-
Hitech Corporation Ltd - Prominent Manufacturer of Rigid Plastic Packaging Products, Serving Paints, Agrochemicals, Lubricants, FMCG, and Food Industries.
07-Nov-13 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}