Basell tidies up Asian polypropylene ventures

Kovac, Matt
July 2006
ICIS Chemical Business;7/31/2006, Vol. 1 Issue 30, p13
Trade Publication
The article reports on the agreement of global polyolefins major Basell to sell its entire 36% stake in Taiwan Polypropylene Co. (TPP) to the island's Lee Chang Yung Chemical Industry Corp. and buy out the stakes of TPP in their remaining joint-venture polypropylene projects across Asia. According to Basell International president Ian Dunn, the decision to sell was hard for the company but they believe the move is best for the long-term future of TPP.


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