SAO PAOLO (ICIS)--Important changes in polystyrene (PS) production ownership are looming in Brazil, with two out of three producers on the sales block, market sources said on Wednesday.
Producer Innova has been for sale since late last year, as owner Petrobras shows interest to leave the PS market.
Petrobras appears to have taken the same route with its Argentine PS plant and other assets, as investments in that country have become less attractive.
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INSIGHT: Outlook has to remain cautious in low growth environment
“Production of plastic resins was flat in April while production of specialty chemicals fell." more
VIDEO - ICIS Americas Lunchtime Bulletin 22 May 2013
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