July 2007
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p49
Trade Publication
The article presents news briefs related to the petrochemical industry. It is stated that the company INEOS will pay Lanxess Corp. £35m initially for a majority stake in its Lustran acrylonitrile-butadiene-styrene (ABS) plastics business. It is informed that surging container freight rates have slowed arbitrage between China and the Middle East and China and South Asia. The article also includes information on the Asian financial crisis.


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