INEOS completes sale of fluorochemicals business to Mexichem

31 March 2010 15:57  [Source: ICIS news]

TORONTO (ICIS news)--INEOS has completed the sale of its fluorochemicals business to Mexichem Fluor, a subsidiary of Mexico's Mexichem, the UK-based petrochemicals major said on Wednesday.

The sale, announced last month, included the international business and assets related to INEOS’ fluorochemical operations in North America, Europe, and Asia, it said without disclosing financial terms.

INEOS’ activities related to fluorspar and to the “Clean Development Mechanism” under the Kyoto protocol were not included. Those activities would become a part of the INEOS Enterprises business, it said.

The disposal was part of INEOS' strategy to focus on its large-scale petrochemicals businesses, it said.

Mexichem is described as a leading Latin American producer of polyvinyl chloride (PVC) pipes and resin, chloralkali, hydrofluoric acid and fluorspar.

For more on INEOS and other producers visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index