PIE-TICKER
ChemChina acquires Australia's Qenos
The state-owned China National Chemical Corp (ChemChina) is acquiring Australian polyolefins market leader Qenos (www.qenos.com) - a joint venture of Orica (www.orica.com) and ExxonMobil (www.exxonmobil.com) - for an undisclosed sum. The transaction is due to close in spring 2006. Spun off from ICI in 1990, Qenos has capacity to produce 390,000 t/y of PE and 40,000 t/y of PP - the latter is marketed by Basell (www.basell.com).
03.11.2005 Plasteurope.com [10278]
Published on 03.11.2005