in this issue
World News and Views :: Top of the News
Indorama Completes Purchase of Old World’s EO-EG Business for $795 Million
11:12 AM MDT | April 4, 2012 | Deepti Ramesh
Indorama Ventures (Bangkok) says it has completed the previously announced acquisition of the chemical assets of Old World Industries (Northbrook, IL), including a production facility at Clear Lake, TX, for $795 million. Indorama had announced plans for the acquisition in February 2012. The plant is the largest single ethylene oxide (EO)-ethylene glycol (EG) production facility in the U.S. with EO capacity of 435,000 m.t./year and EG capacity of 358,000 m.t./year. Old World acquired the plant from Celanese in 1999. Indorama says it has taken charge of the plant...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee