IHS Chemical Week

World News and Views :: Top of the News

AkzoNobel to Sell PTA Business in Pakistan to Korean Firm

1:37 AM MDT | May 29, 2009 | Deepti Ramesh

AkzoNobel says it has agreed to divest its 75% stake in the purified terephthalic acid (PTA) activities of its Chemicals Pakistan business to petrochemical firm KP Chemical (Seoul). The business does not fit with the rest of AkzoNobel’s portfolio, the company says. Financial details of the deal were not disclosed. The transaction is expected to be completed in the fourth quarter of 2009. AkzoNobel acquired a 75% stake in Pakistan PTA Ltd., which is listed on the Karachi Stock Exchange, as part of the acquisition of ICI in 2008. AkzoNobel told CW last year...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa