TITLE

LSB mulls raising Greek PET stake

AUTHOR(S)
Castano, Ivan
PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/2/2007, Vol. 2 Issue 73, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Spanish polyethylene terephthalate (PET) producer La Seda de Barcelona SA (LSB) is considering buying the 30% stake of Greek subsidiary Volos Pet Industry SA (VPI). A company spokesman also confirmed that LSB would earmark $20.16m to pay its first dividend this year. Shareholders have also given their backing to build a 700,000 tonne/year purified terephthalic acid (PTA) plant in Sines, Portugal, alongside Portuguese investment agency API.
ACCESSION #
25695565

 

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