29 June 2011 13:00 [Source: ICIS news]
The amount will be paid in 2011-2015 and the sales value may increase according to the company’s productivity during this period, said LSB.
Industrial activity at the 70,000 tonne/year plant was halted in 2010 but the acquisition will result in it being brought back into operation from July. The facility is part of LSB’s PET division, Artenius.
“This transaction is a further step in La Seda de Barcelona’s ongoing divestment process of non-strategic assets within the company’s strategic plan,” said LSB in a statement.
“In this sense, Artenius
Control PET SGPS is a subsidiary of
($1 = €0.70)
Please visit the complete ICIS plants and projects database
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.
|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|
Asian Chemical Connections